Information Services Group (NASDAQ:III) Upgraded by StockNews.com to Buy Rating

StockNews.com upgraded shares of Information Services Group (NASDAQ:III) from a hold rating to a buy rating in a research note issued to investors on Monday.

Several other research firms have also weighed in on III. Singular Research upgraded Information Services Group to a “moderate buy” rating in a report on Wednesday, August 28th. Barrington Research boosted their price target on Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a report on Monday.

Information Services Group Price Performance

Shares of III stock opened at $3.34 on Monday. The company has a quick ratio of 2.14, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group has a 12-month low of $2.92 and a 12-month high of $4.98. The stock’s 50-day moving average price is $3.20 and its 200-day moving average price is $3.22.

Information Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Tuesday, December 3rd. Information Services Group’s dividend payout ratio is presently -257.11%.

Hedge Funds Weigh In On Information Services Group

Hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its stake in Information Services Group by 107.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock valued at $1,665,000 after acquiring an additional 293,328 shares during the period. Blair William & Co. IL boosted its holdings in Information Services Group by 6.1% in the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock valued at $3,286,000 after purchasing an additional 46,799 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Information Services Group during the 1st quarter worth about $45,000. Arkadios Wealth Advisors purchased a new position in shares of Information Services Group during the 2nd quarter valued at about $32,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Information Services Group by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock valued at $8,760,000 after buying an additional 15,028 shares during the period. 73.10% of the stock is owned by institutional investors and hedge funds.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.