Information Services Group (NASDAQ:III) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Information Services Group (NASDAQ:III) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

III has been the subject of several other reports. Barrington Research upped their price objective on shares of Information Services Group from $5.50 to $7.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Information Services Group in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.00.

Information Services Group Stock Down 0.3%

Shares of NASDAQ:III opened at $5.90 on Friday. The stock’s 50-day moving average is $5.58 and its 200 day moving average is $5.20. The company has a market cap of $282.49 million, a PE ratio of 31.05, a P/E/G ratio of 1.47 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 2.22. Information Services Group has a 1 year low of $2.95 and a 1 year high of $6.45.

Information Services Group (NASDAQ:III) last released its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Information Services Group had a return on equity of 9.62% and a net margin of 4.05%.The business had revenue of $62.36 million during the quarter, compared to analysts’ expectations of $60.94 million. Sell-side analysts anticipate that Information Services Group will post 0.09 EPS for the current year.

Information Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were given a $0.045 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.1%. Information Services Group’s dividend payout ratio is currently 94.74%.

Insider Activity

In related news, CEO Michael P. Connors sold 248,935 shares of Information Services Group stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $5.47, for a total transaction of $1,361,674.45. Following the completion of the transaction, the chief executive officer directly owned 5,284,797 shares of the company’s stock, valued at $28,907,839.59. This trade represents a 4.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 493,703 shares of company stock valued at $2,641,010. 15.90% of the stock is owned by company insiders.

Institutional Trading of Information Services Group

Institutional investors have recently bought and sold shares of the company. Access Investment Management LLC bought a new position in shares of Information Services Group in the second quarter worth approximately $36,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Information Services Group during the 2nd quarter valued at $39,000. BNP Paribas Financial Markets raised its stake in shares of Information Services Group by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after purchasing an additional 3,739 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Information Services Group during the third quarter valued at $60,000. 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.