Information Services Group (NASDAQ:III) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of Information Services Group (NASDAQ:III) from a strong-buy rating to a buy rating in a report issued on Saturday morning.

Several other analysts have also recently commented on III. Barrington Research raised their target price on shares of Information Services Group from $5.50 to $7.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Information Services Group in a research note on Friday, October 31st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.00.

Information Services Group Stock Up 2.0%

III opened at $6.02 on Friday. The business has a 50 day moving average price of $5.67 and a two-hundred day moving average price of $5.32. Information Services Group has a 52 week low of $2.95 and a 52 week high of $6.45. The company has a market cap of $288.24 million, a PE ratio of 31.69, a P/E/G ratio of 1.17 and a beta of 1.03. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.63.

Information Services Group (NASDAQ:III) last released its earnings results on Monday, November 3rd. The business services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $60.94 million. As a group, research analysts anticipate that Information Services Group will post 0.09 EPS for the current year.

Information Services Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were issued a dividend of $0.045 per share. The ex-dividend date was Friday, December 5th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.0%. Information Services Group’s payout ratio is 94.74%.

Insider Buying and Selling at Information Services Group

In related news, CEO Michael P. Connors sold 248,935 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 5,284,797 shares of the company’s stock, valued at approximately $28,907,839.59. This represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 493,703 shares of company stock valued at $2,641,010 over the last ninety days. Insiders own 15.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its holdings in shares of Information Services Group by 4.4% during the second quarter. Rhumbline Advisers now owns 53,200 shares of the business services provider’s stock worth $255,000 after purchasing an additional 2,251 shares during the last quarter. SG Americas Securities LLC lifted its position in Information Services Group by 22.6% during the fourth quarter. SG Americas Securities LLC now owns 12,754 shares of the business services provider’s stock worth $74,000 after buying an additional 2,351 shares during the period. Goldman Sachs Group Inc. boosted its stake in Information Services Group by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock worth $1,150,000 after buying an additional 3,453 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in 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 buying an additional 3,739 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of Information Services Group by 23.1% during the 2nd quarter. Intech Investment Management LLC now owns 20,078 shares of the business services provider’s stock valued at $96,000 after acquiring an additional 3,767 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

About Information Services Group

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.