Information Services Group (NASDAQ:III) Rating Reiterated by Barrington Research

Barrington Research reiterated their outperform rating on shares of Information Services Group (NASDAQ:III) in a report issued on Tuesday, Benzinga reports. The firm currently has a $3.50 price target on the business services provider’s stock.

Separately, StockNews.com lowered shares of Information Services Group from a buy rating to a hold rating in a report on Friday, March 8th.

Information Services Group Stock Performance

Information Services Group stock opened at $3.23 on Tuesday. The firm’s 50 day simple moving average is $3.54 and its 200 day simple moving average is $4.11. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $157.20 million, a PE ratio of -161.50, a price-to-earnings-growth ratio of 1.20 and a beta of 1.00. Information Services Group has a 1-year low of $2.93 and a 1-year high of $5.87.

Information Services Group (NASDAQ:III) last posted its earnings results on Thursday, May 9th. The business services provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). The firm had revenue of $64.27 million for the quarter, compared to the consensus estimate of $66.05 million. Information Services Group had a positive return on equity of 7.81% and a negative net margin of 0.26%. As a group, analysts expect that Information Services Group will post 0.14 earnings per share for the current fiscal year.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend is Friday, June 14th. Information Services Group’s payout ratio is -900.00%.

Hedge Funds Weigh In On Information Services Group

A number of institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD bought a new position in shares of Information Services Group during the 1st quarter valued at $45,000. SG Americas Securities LLC bought a new position in shares of Information Services Group during the 4th quarter valued at $72,000. EMC Capital Management grew its holdings in shares of Information Services Group by 277.3% during the 1st quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 12,629 shares during the last quarter. Summit Global Investments grew its holdings in shares of Information Services Group by 21.1% during the 4th quarter. Summit Global Investments now owns 22,349 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Quadrature Capital Ltd grew its holdings in shares of Information Services Group by 88.0% during the 1st quarter. Quadrature Capital Ltd now owns 26,249 shares of the business services provider’s stock valued at $106,000 after purchasing an additional 12,289 shares during the last quarter. Institutional investors own 73.10% of the company’s stock.

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.