Information Services Group (NASDAQ:III) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Information Services Group, Inc. (NASDAQ:III) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.37 and traded as high as $4.79. Information Services Group shares last traded at $4.55, with a volume of 229,420 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Sidoti raised shares of Information Services Group to a “hold” rating in a research note on Monday, May 12th. Barrington Research lifted their price objective on shares of Information Services Group from $3.75 to $5.50 and gave the company an “outperform” rating in a report on Monday, May 12th. Finally, Wall Street Zen cut shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 6th.

Information Services Group Trading Down 4.0%

The firm has a market cap of $219.31 million, a P/E ratio of 30.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.23. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.62. The firm’s 50-day simple moving average is $4.37 and its 200 day simple moving average is $3.72.

Information Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 6th will be given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Friday, June 6th. Information Services Group’s dividend payout ratio is 120.00%.

Institutional Trading of Information Services Group

Several hedge funds have recently added to or reduced their stakes in the stock. Private Capital Management LLC raised its position in shares of Information Services Group by 2.9% in the third quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider’s stock valued at $18,422,000 after purchasing an additional 159,141 shares during the period. Dimensional Fund Advisors LP grew its stake in Information Services Group by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,446,982 shares of the business services provider’s stock worth $4,833,000 after buying an additional 63,699 shares in the last quarter. Blair William & Co. IL grew its stake in Information Services Group by 6.5% in the 1st quarter. Blair William & Co. IL now owns 881,294 shares of the business services provider’s stock worth $3,446,000 after buying an additional 54,056 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Information Services Group by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider’s stock worth $1,151,000 after buying an additional 17,629 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Information Services Group by 4.4% in the 4th quarter. Northern Trust Corp now owns 303,721 shares of the business services provider’s stock worth $1,014,000 after buying an additional 12,814 shares in 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.