Information Services Group (NASDAQ:III) Upgraded at Singular Research

Singular Research upgraded shares of Information Services Group (NASDAQ:III) from a moderate buy rating to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Barrington Research raised their price objective on Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a report on Monday, November 11th. StockNews.com upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Information Services Group Trading Up 0.3 %

NASDAQ III opened at $3.35 on Thursday. Information Services Group has a 52 week low of $2.92 and a 52 week high of $4.98. The firm has a 50 day moving average of $3.21 and a two-hundred day moving average of $3.22. The company has a quick ratio of 2.14, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $164.38 million, a PE ratio of -47.85, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Tuesday, December 3rd. Information Services Group’s payout ratio is currently -257.11%.

Insider Transactions at Information Services Group

In other news, Director Kalpana Raina sold 18,795 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $3.39, for a total transaction of $63,715.05. Following the sale, the director now owns 396,261 shares of the company’s stock, valued at $1,343,324.79. The trade was a 4.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew 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 valued at $2,709,000 after purchasing an additional 70,135 shares during the period. Barclays PLC increased its stake in shares of Information Services Group by 52.5% during the 3rd quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock valued at $334,000 after acquiring an additional 34,816 shares during the last quarter. State Street Corp lifted its holdings in shares of Information Services Group by 3.2% during the 3rd 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 period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Information Services Group in the third quarter worth approximately $60,000. Finally, GSA Capital Partners LLP grew its holdings in Information Services Group by 30.7% in the third quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 26,019 shares during the period. 73.10% of the stock is owned by hedge funds and other institutional investors.

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.