Information Services Group (NASDAQ:III) Upgraded to “Strong-Buy” 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 note released on Saturday morning.

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

Information Services Group Stock Down 0.8%

Shares of NASDAQ:III opened at $5.92 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $283.45 million, a P/E ratio of 31.16, a P/E/G ratio of 1.47 and a beta of 1.04. Information Services Group has a 52-week low of $2.95 and a 52-week high of $6.45. The stock’s fifty day simple moving average is $5.57 and its 200-day simple moving average is $5.18.

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, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $62.36 million for the quarter, compared to analyst estimates of $60.94 million. Information Services Group had a net margin of 4.05% and a return on equity of 9.62%. As a group, equities research analysts forecast that Information Services Group will post 0.09 earnings per share for the current fiscal year.

Information Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders 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 annualized dividend and a yield of 3.0%. Information Services Group’s payout ratio is currently 94.74%.

Insider Activity

In other news, CEO Michael P. Connors sold 248,935 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was 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 approximately $28,907,839.59. This represents a 4.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 493,703 shares of company stock valued at $2,641,010. Corporate insiders own 15.90% of the company’s stock.

Institutional Trading of Information Services Group

Several institutional investors have recently added to or reduced their stakes in III. Access Investment Management LLC bought a new position in Information Services Group during the 2nd quarter valued at $36,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Information Services Group in the second quarter worth about $39,000. Everstar Asset Management LLC bought a new stake in Information Services Group in the first quarter valued at about $43,000. Tower Research Capital LLC TRC raised its stake in 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 buying an additional 7,177 shares in the last quarter. Finally, American Century Companies Inc. bought a new position in Information Services Group during the 2nd quarter worth approximately $53,000. 73.10% of the stock is owned by institutional investors and hedge funds.

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.