Information Services Group (NASDAQ:III) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Information Services Group, Inc. (NASDAQ:III)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.05 and traded as low as $4.14. Information Services Group shares last traded at $4.17, with a volume of 149,247 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Information Services Group in a research note on Wednesday, January 28th. Wall Street Zen upgraded Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Finally, Barrington Research restated an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a research note on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.50.

Information Services Group Stock Performance

The firm has a 50-day moving average of $4.15 and a two-hundred day moving average of $5.05. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $192.59 million, a PE ratio of 20.20, a PEG ratio of 0.91 and a beta of 1.06.

Information Services Group (NASDAQ:III) last announced its quarterly earnings results on Thursday, March 5th. The business services provider reported $0.08 earnings per share 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 return on equity of 12.91% and a net margin of 4.29%. Research analysts anticipate that Information Services Group, Inc. will post 0.27 EPS for the current year.

Information Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a $0.045 dividend. The ex-dividend date is Friday, June 5th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.5%. Information Services Group’s payout ratio is 100.00%.

Institutional Trading of Information Services Group

Institutional investors and hedge funds have recently made changes to their positions in the business. GDS Wealth Management purchased a new stake in shares of Information Services Group in the third quarter valued at approximately $1,118,000. Hillsdale Investment Management Inc. increased its position in shares of Information Services Group by 603.2% in the third quarter. Hillsdale Investment Management Inc. now owns 480,318 shares of the business services provider’s stock valued at $2,762,000 after buying an additional 412,018 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Information Services Group by 87.2% in the third quarter. Ritholtz Wealth Management now owns 319,509 shares of the business services provider’s stock valued at $1,837,000 after buying an additional 148,827 shares in the last quarter. Strs Ohio purchased a new stake in shares of Information Services Group in the third quarter valued at approximately $591,000. Finally, Baron Wealth Management LLC increased its position in shares of Information Services Group by 59.8% in the fourth quarter. Baron Wealth Management LLC now owns 19,365 shares of the business services provider’s stock valued at $112,000 after buying an additional 7,243 shares in the last quarter. 73.10% of the stock is currently owned by hedge funds and other 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.