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

Information Services Group, Inc. (NASDAQ:III)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on III. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Information Services Group in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Finally, Barrington Research restated an “outperform” rating and set a $5.50 price objective on shares of Information Services Group in a research report 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. According to MarketBeat, Information Services Group presently has a consensus rating of “Hold” and an average target price of $5.50.

Information Services Group Stock Performance

The stock has a market cap of $198.78 million, a PE ratio of 23.17, a PEG ratio of 0.90 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.34 and a current ratio of 2.34. The company’s 50-day moving average price is $4.15 and its two-hundred day moving average price is $5.05.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Thursday, March 5th. The business services provider reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $61.21 million for the quarter, compared to analysts’ expectations of $61.11 million. Information Services Group had a return on equity of 11.49% and a net margin of 3.82%. On average, equities research analysts forecast that Information Services Group, Inc. will post 0.27 EPS for the current year.

Information Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, June 5th. Information Services Group’s dividend payout ratio (DPR) is currently 100.00%.

Hedge Funds Weigh In On Information Services Group

Large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in Information Services Group by 250.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock worth $48,000 after purchasing an additional 7,177 shares during the period. American Century Companies Inc. purchased a new position in Information Services Group in the 2nd quarter worth $53,000. Abel Hall LLC purchased a new position in Information Services Group in the 1st quarter worth $54,000. BNP Paribas Financial Markets raised its position in Information Services Group by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after purchasing an additional 3,739 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Information Services Group in the 3rd quarter worth $60,000. 73.10% of the stock is 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.