Information Services Group (NASDAQ:III) Upgraded 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.

Other equities analysts have also recently issued research reports about the stock. Singular Research upgraded shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th. Barrington Research restated an “outperform” rating and set a $3.75 price objective on shares of Information Services Group in a research report on Monday.

Information Services Group Trading Down 2.1 %

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

Information Services Group Announces Dividend

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

Hedge Funds Weigh In On Information Services Group

A number of institutional investors have recently modified their holdings of III. Equitable Trust Co. boosted its position in Information Services Group by 4.5% during the third quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock worth $572,000 after acquiring an additional 7,515 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Information Services Group by 30.7% during the 3rd quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock worth $366,000 after purchasing an additional 26,019 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Information Services Group during the third quarter worth $60,000. State Street Corp grew its position 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 purchasing an additional 17,796 shares during the period. Finally, Barclays PLC increased its stake in Information Services Group by 52.5% in the third quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 34,816 shares during the last quarter. Institutional investors and hedge funds 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.