Information Services Group, Inc. (NASDAQ:III - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.18 and traded as high as $3.61. Information Services Group shares last traded at $3.50, with a volume of 143,356 shares traded.
Analyst Ratings Changes
A number of brokerages have recently commented on III. 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. Barrington Research reissued an "outperform" rating and set a $3.75 target price on shares of Information Services Group in a report on Monday, March 10th.
Read Our Latest Research Report on Information Services Group
Information Services Group Stock Up 1.4 %
The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. The firm has a market cap of $179.99 million, a price-to-earnings ratio of -53.28, a PEG ratio of 1.34 and a beta of 1.15. The firm's 50 day simple moving average is $3.22 and its two-hundred day simple moving average is $3.28.
Information Services Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.045 per share. The ex-dividend date is Friday, March 21st. This represents a $0.18 dividend on an annualized basis and a yield of 4.83%. Information Services Group's dividend payout ratio (DPR) is presently 360.00%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of III. GSA Capital Partners LLP increased its holdings in Information Services Group by 30.7% in the 3rd quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider's stock valued at $366,000 after buying an additional 26,019 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Information Services Group during the 3rd quarter worth approximately $60,000. State Street Corp increased its stake in Information Services Group by 3.2% in the third 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 during the last quarter. Barclays PLC raised its position in Information Services Group by 52.5% during the third 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. Finally, Geode Capital Management LLC lifted its stake in Information Services Group by 9.3% during the third quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider's stock worth $2,709,000 after purchasing an additional 70,135 shares during the last quarter. Institutional investors own 73.10% of the company's stock.
About Information Services Group
(
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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.
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