Information Services Group (NASDAQ:III) Lowered to Buy Rating by Wall Street Zen
by Renee Jackson · The Cerbat GemWall Street Zen cut shares of Information Services Group (NASDAQ:III – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning.
Other equities analysts have also issued reports about the stock. Barrington Research cut their price objective on shares of Information Services Group from $7.00 to $5.50 and set an “outperform” rating for the company in a research report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Information Services Group in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.50.
Check Out Our Latest Research Report on Information Services Group
Information Services Group Price Performance
Shares of NASDAQ III opened at $3.96 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.34 and a current ratio of 2.34. Information Services Group has a fifty-two week low of $3.42 and a fifty-two week high of $6.45. The stock has a market cap of $188.79 million, a PE ratio of 22.00, a price-to-earnings-growth ratio of 0.86 and a beta of 1.09. The stock has a fifty day moving average of $4.58 and a 200-day moving average of $5.28.
Information Services Group (NASDAQ:III – Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $61.21 million for the quarter, compared to analysts’ expectations of $61.11 million. Information Services Group had a return on equity of 11.49% and a net margin of 3.82%. Equities research analysts anticipate that Information Services Group will post 0.09 earnings per share for the current year.
Information Services Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 20th were issued a $0.045 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.18 annualized dividend and a dividend yield of 4.5%. Information Services Group’s dividend payout ratio (DPR) is presently 100.00%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of III. Cerity Partners LLC increased its position in shares of Information Services Group by 15.9% in the second quarter. Cerity Partners LLC now owns 5,023,533 shares of the business services provider’s stock worth $24,113,000 after purchasing an additional 690,957 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in Information Services Group by 603.2% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 480,318 shares of the business services provider’s stock worth $2,762,000 after buying an additional 412,018 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in Information Services Group in the 4th quarter worth approximately $2,177,000. Potomac Capital Management Inc. bought a new position in shares of Information Services Group in the 4th quarter worth $1,687,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Information Services Group by 51.6% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 771,444 shares of the business services provider’s stock worth $4,459,000 after buying an additional 262,509 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.
About Information Services Group
Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.
ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.