Information Services Group (NASDAQ:III) Upgraded to “Strong-Buy” at Singular Research

Singular Research upgraded shares of Information Services Group (NASDAQ:III) from a moderate buy rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Barrington Research increased their price target on Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a report on Monday, November 11th. StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Information Services Group Price Performance

III stock opened at $3.35 on Thursday. The firm has a market cap of $164.38 million, a P/E ratio of -47.85, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.14 and a current ratio of 1.97. Information Services Group has a 1 year low of $2.92 and a 1 year high of $4.98. The stock has a 50-day simple moving average of $3.21 and a 200-day simple moving average of $3.22.

Information Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 5.37%. The ex-dividend date is Tuesday, December 3rd. Information Services Group’s dividend payout ratio (DPR) is -257.11%.

Insider Buying and Selling

In other Information Services Group news, Director Kalpana Raina sold 18,795 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $3.39, for a total transaction of $63,715.05. Following the completion of the transaction, the director now directly owns 396,261 shares of the company’s stock, valued at approximately $1,343,324.79. This trade represents a 4.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CHICAGO TRUST Co NA acquired a new stake in shares of Information Services Group during the second quarter worth approximately $30,000. Arkadios Wealth Advisors acquired a new stake in shares of Information Services Group during the 2nd quarter valued at $32,000. Copeland Capital Management LLC purchased a new position in shares of Information Services Group during the 3rd quarter valued at $32,000. The Manufacturers Life Insurance Company acquired a new position in shares of Information Services Group in the second quarter worth $35,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in shares of Information Services Group during the first quarter worth $45,000. 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.