Information Services Group (NASDAQ:III) Raised to “Strong-Buy” at StockNews.com

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

Several other brokerages have also commented on III. Singular Research upgraded shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Barrington Research restated an “outperform” rating and set a $3.75 price target on shares of Information Services Group in a report on Monday.

Information Services Group Stock Performance

Information Services Group stock opened at $3.29 on Monday. The stock has a 50 day moving average of $3.18 and a 200-day moving average of $3.28. Information Services Group has a 52 week low of $2.92 and a 52 week high of $4.19. The stock has a market cap of $161.45 million, a P/E ratio of -46.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69.

Information Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 21st will be given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend is Friday, March 21st. Information Services Group’s dividend payout ratio is 360.00%.

Institutional Trading of Information Services Group

Hedge funds have recently added to or reduced their stakes in the business. Private Capital Management LLC boosted its position in shares of Information Services Group by 2.9% during the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider’s stock valued at $18,422,000 after acquiring an additional 159,141 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Information Services Group by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,446,982 shares of the business services provider’s stock worth $4,833,000 after buying an additional 63,699 shares during the period. Geode Capital Management LLC raised its stake in Information Services Group by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock worth $2,709,000 after buying an additional 70,135 shares during the period. State Street Corp boosted its holdings in shares of Information Services Group by 3.2% in the third quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock valued at $1,934,000 after buying an additional 17,796 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Information Services Group by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider’s stock worth $1,151,000 after buying an additional 17,629 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

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.