Information Services Group (NASDAQ:III) Upgraded to Strong-Buy at Singular Research

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

A number of other equities analysts also recently weighed in on III. StockNews.com upgraded shares of Information Services Group from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Barrington Research boosted their target price on shares of Information Services Group from $3.50 to $3.75 and gave the stock an "outperform" rating in a report on Monday, November 11th.

Information Services Group Stock Up 0.3 %

Shares of NASDAQ III traded up $0.01 during midday trading on Thursday, reaching $3.35. The company's stock had a trading volume of 100,144 shares, compared to its average volume of 103,618. The company has a current ratio of 1.97, a quick ratio of 2.14 and a debt-to-equity ratio of 0.69. Information Services Group has a fifty-two week low of $2.92 and a fifty-two week high of $4.98. The stock has a market capitalization of $164.38 million, a price-to-earnings ratio of -47.85, a PEG ratio of 2.72 and a beta of 0.96. The stock has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $3.22.

Information Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a yield of 5.37%. Information Services Group's dividend payout ratio (DPR) is -257.11%.

Insiders Place Their Bets

In other Information Services Group news, Director Kalpana Raina sold 18,795 shares of Information Services Group stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05. Following the completion of the transaction, the director now directly owns 396,261 shares of the company's stock, valued at $1,343,324.79. The trade was a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 16.00% of the company's stock.

Institutional Investors Weigh In On Information Services Group

Institutional investors have recently modified their holdings of the business. Brown Brothers Harriman & Co. boosted its position in shares of Information Services Group by 107.4% in the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider's stock valued at $1,665,000 after acquiring an additional 293,328 shares during the period. Blair William & Co. IL boosted its position in shares of Information Services Group by 6.1% in the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider's stock valued at $3,286,000 after acquiring an additional 46,799 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Information Services Group in the first quarter valued at about $45,000. Arkadios Wealth Advisors bought a new stake in shares of Information Services Group in the second quarter valued at about $32,000. Finally, Vanguard Group Inc. boosted its position in shares of Information Services Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider's stock valued at $8,760,000 after acquiring an additional 15,028 shares during the period. Institutional investors own 73.10% of the company's stock.

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.