Noble Financial Issues Pessimistic Forecast for III Earnings

Information Services Group, Inc. (NASDAQ:III) – Equities researchers at Noble Financial dropped their FY2027 EPS estimates for shares of Information Services Group in a research note issued on Tuesday, November 3rd. Noble Financial analyst J. Gomes now forecasts that the business services provider will post earnings per share of $0.32 for the year, down from their prior estimate of $0.35. The consensus estimate for Information Services Group’s current full-year earnings is $0.27 per share.

Separately, Weiss Ratings upgraded Information Services Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Information Services Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Information Services Group Trading Up 1.7%

Information Services Group stock opened at $6.13 on Monday. Information Services Group has a 52 week low of $3.74 and a 52 week high of $6.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.80 and a current ratio of 2.80. The firm has a market capitalization of $291.85 million, a PE ratio of 24.12, a PEG ratio of 1.39 and a beta of 1.06. The business’s 50-day simple moving average is $5.64 and its 200-day simple moving average is $4.72.

Information Services Group (NASDAQ:III) last announced its earnings results on Monday, November 2nd. The business services provider reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. The firm had revenue of $65.11 million for the quarter, compared to the consensus estimate of $64.02 million. Information Services Group had a net margin of 4.74% and a return on equity of 13.41%.

Hedge Funds Weigh In On Information Services Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Information Services Group during the 2nd quarter valued at about $12,756,000. Renaissance Technologies LLC lifted its holdings in Information Services Group by 21.9% in the first quarter. Renaissance Technologies LLC now owns 1,888,952 shares of the business services provider’s stock valued at $7,254,000 after buying an additional 339,343 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Information Services Group by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,541,036 shares of the business services provider’s stock valued at $5,918,000 after acquiring an additional 8,126 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Information Services Group by 4.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 845,203 shares of the business services provider’s stock valued at $3,246,000 after purchasing an additional 38,500 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Information Services Group in the 2nd quarter valued at $2,118,000. Institutional investors own 73.10% of the company’s stock.

Information Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.0450 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, December 4th. Information Services Group’s dividend payout ratio (DPR) is presently 75.00%.

About Information Services Group

Information Services Group, Inc. (NASDAQ:III) is a global technology research and advisory firm that helps organizations evaluate, plan and manage technology-related business initiatives. The company provides data, insights and consulting services to enterprises, technology providers and other organizations navigating changes in digital technology and business operations. ISG’s services cover areas including digital transformation, cloud computing, artificial intelligence, automation, cybersecurity, data and analytics, enterprise applications, and information technology sourcing.