Information Services Group (NASDAQ:III) Posts Earnings Results, Meets Estimates

Information Services Group (NASDAQ:III) announced its earnings results on Thursday. The business services provider reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08, FiscalAI reports. The company had revenue of $61.21 million for the quarter, compared to analyst estimates of $61.11 million. Information Services Group had a return on equity of 11.50% and a net margin of 3.82%.

Information Services Group Stock Performance

Shares of NASDAQ:III traded down $0.23 during midday trading on Friday, reaching $4.53. The company had a trading volume of 335,709 shares, compared to its average volume of 337,533. The company’s 50 day moving average price is $5.34 and its 200 day moving average price is $5.44. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.63. The stock has a market cap of $216.90 million, a P/E ratio of 25.17, a P/E/G ratio of 0.96 and a beta of 1.07. Information Services Group has a 52-week low of $3.12 and a 52-week high of $6.45.

Information Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 20th 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 4.0%. The ex-dividend date is Friday, March 20th. Information Services Group’s payout ratio is presently 94.74%.

Institutional Trading of Information Services Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Information Services Group by 0.3% during the third quarter. Vanguard Group Inc. now owns 2,227,632 shares of the business services provider’s stock worth $12,809,000 after purchasing an additional 7,216 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Information Services Group by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,532,910 shares of the business services provider’s stock valued at $8,860,000 after purchasing an additional 9,678 shares in the last quarter. Crawford Investment Counsel Inc. lifted its position in Information Services Group by 4.4% during the fourth quarter. Crawford Investment Counsel Inc. now owns 904,143 shares of the business services provider’s stock valued at $5,226,000 after purchasing an additional 38,516 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in Information Services Group by 51.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 771,444 shares of the business services provider’s stock valued at $4,459,000 after purchasing an additional 262,509 shares during the last quarter. Finally, State Street Corp grew its stake in Information Services Group by 2.9% in the 4th quarter. State Street Corp now owns 739,450 shares of the business services provider’s stock worth $4,274,000 after buying an additional 20,843 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wall Street Zen raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Information Services Group in a research report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.00.

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.