Information Services Group (NASDAQ:III) Share Price Passes Above 50 Day Moving Average – What’s Next?

Information Services Group, Inc. (NASDAQ:III)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.18 and traded as high as $3.61. Information Services Group shares last traded at $3.50, with a volume of 143,356 shares changing hands.

Wall Street Analyst Weigh In

III has been the subject of several research analyst reports. Barrington Research reiterated an “outperform” rating and issued a $3.75 price objective on shares of Information Services Group in a report on Monday, March 10th. StockNews.com upgraded shares of Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 10th.

Information Services Group Stock Up 1.4 %

The company has a fifty day moving average of $3.19 and a 200 day moving average of $3.28. 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 company has a market cap of $179.03 million, a P/E ratio of -52.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15.

Information Services Group Announces Dividend

The firm 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 dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Friday, March 21st. Information Services Group’s payout ratio is currently 360.00%.

Hedge Funds Weigh In On Information Services Group

A number of institutional investors and hedge funds have recently made changes to their positions in III. GSA Capital Partners LLP raised its position in Information Services Group by 30.7% in the third quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock worth $366,000 after acquiring an additional 26,019 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Information Services Group in the 3rd quarter worth $60,000. State Street Corp raised its holdings in Information Services Group by 3.2% in the 3rd quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock worth $1,934,000 after purchasing an additional 17,796 shares during the period. Barclays PLC grew its holdings in Information Services Group by 52.5% during 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 period. Finally, Geode Capital Management LLC increased its position in Information Services Group by 9.3% in the third 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 in the last quarter. Hedge funds and other 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.