Information Services Group (NASDAQ:III) Shares Cross Above Fifty Day Moving Average - What's Next?

Information Services Group, Inc. (NASDAQ:III - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.38 and traded as high as $3.40. Information Services Group shares last traded at $3.33, with a volume of 80,505 shares.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barrington Research boosted their price objective on shares of Information Services Group from $3.50 to $3.75 and gave the company an "outperform" rating in a research report on Monday, November 11th. StockNews.com upgraded Information Services Group from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Finally, Singular Research raised Information Services Group from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, November 14th.

Information Services Group Trading Up 0.6 %

The firm has a market capitalization of $164.39 million, a price-to-earnings ratio of -47.85, a price-to-earnings-growth ratio of 3.06 and a beta of 0.99. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The firm's 50 day moving average is $3.38 and its 200 day moving average is $3.29.

Information Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Tuesday, December 3rd. Information Services Group's dividend payout ratio is presently -257.14%.

Insider Activity at Information Services Group

In other news, Director Kalpana Raina sold 15,075 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $3.35, for a total value of $50,501.25. Following the transaction, the director now owns 359,338 shares in the company, valued at $1,203,782.30. This represents a 4.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 44,931 shares of company stock worth $150,425. 16.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Information Services Group

Several large investors have recently made changes to their positions in the company. Blair William & Co. IL raised its holdings in Information Services Group by 1.4% during the second quarter. Blair William & Co. IL now owns 824,499 shares of the business services provider's stock valued at $2,424,000 after buying an additional 11,056 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Information Services Group by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider's stock valued at $2,709,000 after acquiring an additional 70,135 shares in the last quarter. State Street Corp raised its stake in shares of Information Services Group by 3.2% in the 3rd quarter. State Street Corp now owns 578,220 shares of the business services provider's stock valued at $1,934,000 after acquiring an additional 17,796 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Information Services Group by 107.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider's stock worth $1,665,000 after purchasing an additional 293,328 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Information Services Group by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 353,188 shares of the business services provider's stock worth $1,038,000 after purchasing an additional 18,421 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.