Information Services Group (NASDAQ:III) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Information Services Group (NASDAQ:III) from a buy rating to a strong-buy rating in a research report released on Monday.

III has been the topic of several other reports. Barrington Research reissued an “outperform” rating and issued a $3.75 price objective on shares of Information Services Group in a research note on Monday. Singular Research upgraded shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

Information Services Group Stock Performance

Shares of Information Services Group stock opened at $3.24 on Monday. The firm’s fifty day simple moving average is $3.18 and its 200-day simple moving average is $3.28. The stock has a market capitalization of $158.99 million, a price-to-earnings ratio of -46.28, a PEG ratio of 1.34 and a beta of 1.15. Information Services Group has a 12 month low of $2.92 and a 12 month high of $4.29. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 21st will be issued a $0.045 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.18 dividend on an annualized basis and a yield of 5.56%. Information Services Group’s dividend payout ratio (DPR) is 360.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP increased its stake in shares of Information Services Group by 27.0% during the 4th quarter. Two Sigma Investments LP now owns 131,101 shares of the business services provider’s stock valued at $438,000 after acquiring an additional 27,907 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Information Services Group by 46.2% in the 4th quarter. Two Sigma Advisers LP now owns 157,900 shares of the business services provider’s stock worth $527,000 after acquiring an additional 49,900 shares during the period. ProShare Advisors LLC purchased a new position in shares of Information Services Group during the 4th quarter valued at approximately $34,000. Bridgeway Capital Management LLC boosted its stake in shares of Information Services Group by 18.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 139,430 shares of the business services provider’s stock valued at $466,000 after buying an additional 21,500 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Information Services Group by 10.2% during the 4th quarter. Bank of America Corp DE now owns 116,000 shares of the business services provider’s stock valued at $387,000 after buying an additional 10,729 shares during the last quarter. 73.10% of the stock is currently 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.