Information Services Group (NASDAQ:III) Rating Increased to Buy at StockNews.com

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

III has been the subject of a number of other reports. Singular Research upgraded shares of Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th. Barrington Research raised their price objective on shares of Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a research note on Monday.

Information Services Group Trading Down 0.6 %

Shares of NASDAQ III opened at $3.35 on Monday. Information Services Group has a 1 year low of $2.92 and a 1 year high of $4.98. The stock has a market cap of $164.39 million, a P/E ratio of -47.86, a price-to-earnings-growth ratio of 2.73 and a beta of 0.96. The firm has a 50-day moving average of $3.20 and a 200 day moving average of $3.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 2.14.

Information Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a yield of 5.37%. Information Services Group’s dividend payout ratio is currently -257.14%.

Institutional Inflows and Outflows

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

Information Services Group Company Profile

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.