Information Services Group’s (III) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of Information Services Group (NASDAQ:III) in a report published on Monday,Benzinga reports. Barrington Research currently has a $3.75 price target on the business services provider’s stock.

Other equities research analysts have also issued reports about the stock. Singular Research upgraded shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, November 14th. StockNews.com upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Information Services Group Stock Performance

Shares of III stock opened at $3.29 on Monday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group has a 52 week low of $2.92 and a 52 week high of $4.19. The stock has a market capitalization of $161.45 million, a PE ratio of -46.99, a P/E/G ratio of 1.34 and a beta of 1.15. The firm has a 50 day moving average of $3.18 and a two-hundred day moving average of $3.28.

Information Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 21st will be paid a dividend of $0.045 per share. The ex-dividend date is Friday, March 21st. This represents a $0.18 annualized dividend and a yield of 5.47%. Information Services Group’s dividend payout ratio is currently 360.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Capital Management LLC boosted its holdings 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 acquiring an additional 159,141 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Information Services Group by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,446,982 shares of the business services provider’s stock worth $4,833,000 after acquiring an additional 63,699 shares during the last quarter. Geode Capital Management LLC raised its position in Information Services Group by 9.3% during the third quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock worth $2,709,000 after acquiring an additional 70,135 shares during the last quarter. State Street Corp raised its position in Information Services Group by 3.2% during the third quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock worth $1,934,000 after acquiring an additional 17,796 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Information Services Group by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider’s stock worth $1,151,000 after acquiring an additional 17,629 shares during the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

Information Services Group Company Profile

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.