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

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

III has been the subject of several other reports. Weiss Ratings restated a “hold (c+)” rating on shares of Information Services Group in a research report on Wednesday, January 28th. Barrington Research dropped their target price on shares of Information Services Group from $7.00 to $5.50 and set an “outperform” rating for the company in a research report on Monday, March 9th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.50.

Information Services Group Price Performance

Shares of NASDAQ:III opened at $3.95 on Friday. The firm has a 50 day moving average of $4.55 and a 200-day moving average of $5.27. The stock has a market capitalization of $188.30 million, a PE ratio of 21.94, a PEG ratio of 0.86 and a beta of 1.09. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.63. Information Services Group has a 12 month low of $3.42 and a 12 month high of $6.45.

Information Services Group (NASDAQ:III) last issued its earnings results on Thursday, March 5th. The business services provider reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $61.21 million during the quarter, compared to analysts’ expectations of $61.11 million. Information Services Group had a net margin of 3.82% and a return on equity of 11.49%. On average, equities research analysts predict that Information Services Group will post 0.09 EPS for the current fiscal year.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 20th were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.18 annualized dividend and a dividend yield of 4.6%. Information Services Group’s payout ratio is 100.00%.

Institutional Investors Weigh In On Information Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GDS Wealth Management bought a new stake in shares of Information Services Group during the 3rd quarter valued at approximately $1,118,000. Hillsdale Investment Management Inc. grew its holdings in shares of Information Services Group by 603.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 480,318 shares of the business services provider’s stock valued at $2,762,000 after purchasing an additional 412,018 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Information Services Group by 15.9% during the 2nd quarter. Cerity Partners LLC now owns 5,023,533 shares of the business services provider’s stock valued at $24,113,000 after purchasing an additional 690,957 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Information Services Group by 87.2% during the 3rd quarter. Ritholtz Wealth Management now owns 319,509 shares of the business services provider’s stock valued at $1,837,000 after purchasing an additional 148,827 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Information Services Group during the 3rd quarter valued at approximately $591,000. 73.10% of the stock is owned by 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.