Barrington Research Issues Positive Forecast for Information Services Group (NASDAQ:III) Stock Price

Information Services Group (NASDAQ:III) had its price objective increased by Barrington Research from $3.50 to $3.75 in a report published on Monday morning,Benzinga reports. Barrington Research currently has an outperform rating on the business services provider’s stock.

Separately, Singular Research raised shares of Information Services Group to a “moderate buy” rating in a report on Wednesday, August 28th.

Information Services Group Stock Performance

NASDAQ:III opened at $3.31 on Monday. The stock has a 50-day simple moving average of $3.20 and a two-hundred day simple moving average of $3.22. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.14 and a current ratio of 2.14. Information Services Group has a 52-week low of $2.92 and a 52-week high of $4.98. The firm has a market capitalization of $161.83 million, a PE ratio of -47.28, a P/E/G ratio of 2.72 and a beta of 0.96.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Tuesday, December 3rd. Information Services Group’s dividend payout ratio is currently -257.11%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Blair William & Co. IL boosted its holdings in shares of Information Services Group by 6.1% in the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock valued at $3,286,000 after purchasing an additional 46,799 shares during the period. Vanguard Group Inc. grew its position in shares of Information Services Group by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock worth $8,760,000 after buying an additional 15,028 shares in the last quarter. Quadrature Capital Ltd increased its stake in shares of Information Services Group by 88.0% during the first quarter. Quadrature Capital Ltd now owns 26,249 shares of the business services provider’s stock valued at $106,000 after buying an additional 12,289 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Information Services Group in the first quarter valued at about $45,000. Finally, EMC Capital Management lifted its stake in Information Services Group by 277.3% in the first quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock worth $69,000 after acquiring an additional 12,629 shares during the period. 73.10% of the stock is currently owned by institutional investors.

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.