Information Services Group (NASDAQ:III) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Information Services Group, Inc. (NASDAQ:III) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.43 and traded as high as $5.19. Information Services Group shares last traded at $5.12, with a volume of 217,690 shares.

Analyst Ratings Changes

III has been the subject of several analyst reports. Wall Street Zen lowered Information Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings raised Information Services Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.50.

Information Services Group Stock Performance

The stock has a market capitalization of $244.73 million, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.13 and a beta of 1.10. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $4.45 and a 200-day moving average of $4.31.

Information Services Group (NASDAQ:III) last posted its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $65.49 million for the quarter, compared to the consensus estimate of $62.86 million. Information Services Group had a return on equity of 13.59% and a net margin of 4.67%. As a group, sell-side analysts predict that Information Services Group, Inc. will post 0.28 earnings per share for the current year.

Information Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a $0.045 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.18 dividend on an annualized basis and a yield of 3.6%. Information Services Group’s dividend payout ratio is currently 78.26%.

Hedge Funds Weigh In On Information Services Group

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in shares of Information Services Group by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 3,739 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Information Services Group by 250.1% during the second quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 7,177 shares during the period. Corient Private Wealth LP purchased a new stake in Information Services Group in the second quarter valued at $41,000. American Century Companies Inc. purchased a new stake in Information Services Group in the second quarter valued at $53,000. Finally, Verdad Advisers LP acquired a new stake in Information Services Group during the 4th quarter worth about $67,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

Information Services Group Company Profile

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.