Information Services Group (NASDAQ:III) Stock Passes Above 50-Day Moving Average – Here’s Why

Information Services Group, Inc. (NASDAQ:III) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.41 and traded as high as $3.57. Information Services Group shares last traded at $3.52, with a volume of 101,142 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Barrington Research reiterated an “outperform” rating and issued a $3.75 target price on shares of Information Services Group in a report on Monday, March 10th. StockNews.com raised shares of Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 10th.

Information Services Group Trading Up 4.8 %

The firm has a market capitalization of $178.54 million, a PE ratio of -52.85, a price-to-earnings-growth ratio of 1.34 and a beta of 0.94. The business’s 50-day moving average price is $3.42 and its 200-day moving average price is $3.34. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97.

Information Services Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were issued a dividend of $0.045 per share. The ex-dividend date was Friday, March 21st. This represents a $0.18 annualized dividend and a yield of 4.86%. Information Services Group’s dividend payout ratio is currently 360.00%.

Institutional Investors Weigh In On Information Services Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its holdings in shares of 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 buying an additional 17,796 shares in the last quarter. Barclays PLC lifted its stake in shares of Information Services Group by 52.5% in the 3rd quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 34,816 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Information Services Group by 9.3% in 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 in the last quarter. SG Americas Securities LLC raised its position in Information Services Group by 40.5% in the fourth quarter. SG Americas Securities LLC now owns 20,752 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 5,983 shares during the period. Finally, Williams & Novak LLC boosted its holdings in Information Services Group by 10.3% in the 4th quarter. Williams & Novak LLC now owns 43,775 shares of the business services provider’s stock worth $146,000 after acquiring an additional 4,080 shares during the period. 73.10% of the stock is currently owned by institutional investors and hedge funds.

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.