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

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

A number of other research analysts have also issued reports on III. Weiss Ratings restated a “hold (c+)” rating on shares of Information Services Group in a research report on Friday, October 31st. Barrington Research boosted their price target on Information Services Group from $5.50 to $7.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. One equities 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, Information Services Group has a consensus rating of “Hold” and an average target price of $7.00.

Information Services Group Stock Down 0.5%

III stock opened at $5.94 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 2.22. The stock has a market capitalization of $284.41 million, a price-to-earnings ratio of 31.26, a PEG ratio of 1.54 and a beta of 1.05. The business’s fifty day moving average price is $5.50 and its two-hundred day moving average price is $5.11. Information Services Group has a fifty-two week low of $2.95 and a fifty-two week high of $6.45.

Information Services Group (NASDAQ:III) last announced 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 net margin of 4.05% and a return on equity of 9.62%. The company had revenue of $62.36 million during the quarter, compared to analysts’ expectations of $60.94 million. On average, equities analysts anticipate that Information Services Group will post 0.09 earnings per share for the current year.

Information Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, December 5th. This represents a $0.18 annualized dividend and a dividend yield of 3.0%. Information Services Group’s dividend payout ratio (DPR) is currently 94.74%.

Insider Transactions at Information Services Group

In other Information Services Group news, CEO Michael P. Connors sold 248,935 shares of the business’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 completion of the transaction, the chief executive officer directly owned 5,284,797 shares in the company, valued at $28,907,839.59. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 493,703 shares of company stock valued at $2,641,010 over the last quarter. Company insiders own 15.90% of the company’s stock.

Institutional Trading of Information Services Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Access Investment Management LLC bought a new stake in shares of Information Services Group during the second quarter worth $36,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Information Services Group during the 2nd quarter valued at $39,000. BNP Paribas Financial Markets grew its position in Information Services Group by 65.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after acquiring an additional 3,739 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Information Services Group by 250.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock worth $48,000 after purchasing an additional 7,177 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Information Services Group in the 3rd quarter worth about $60,000. Institutional investors and hedge funds 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.