Information Services Group (NASDAQ:III) Earns Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Information Services Group (NASDAQ:III) in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a $3.50 price objective on the business services provider’s stock.

Separately, Singular Research raised shares of Information Services Group to a moderate buy rating in a report on Wednesday, August 28th.

Information Services Group Stock Performance

Shares of III stock opened at $3.25 on Thursday. The stock’s 50-day moving average price is $3.28 and its 200 day moving average price is $3.35. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $158.16 million, a PE ratio of -162.50, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95. Information Services Group has a 52-week low of $2.92 and a 52-week high of $4.98.

Information Services Group (NASDAQ:III) last released its quarterly earnings results on Monday, August 5th. The business services provider reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. The business had revenue of $64.26 million during the quarter, compared to analysts’ expectations of $65.51 million. As a group, equities research analysts forecast that Information Services Group will post 0.1 EPS for the current year.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 6th were paid a $0.045 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.54%. Information Services Group’s dividend payout ratio (DPR) is presently -900.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Private Capital Management LLC lifted its position in shares of Information Services Group by 1.7% during the 4th quarter. Private Capital Management LLC now owns 5,011,315 shares of the business services provider’s stock valued at $23,603,000 after acquiring an additional 81,891 shares during the period. Vanguard Group Inc. boosted its position in Information Services Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock worth $8,760,000 after purchasing an additional 15,028 shares in the last quarter. Blair William & Co. IL grew its holdings in Information Services Group by 1.4% in 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 purchasing an additional 11,056 shares during the last quarter. Brown Brothers Harriman & Co. increased 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 buying an additional 293,328 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Information Services Group by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 353,188 shares of the business services provider’s stock worth $1,038,000 after buying an additional 18,421 shares during the last quarter. Hedge funds and other 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.