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

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

Other equities analysts have also issued research reports about the company. Barrington Research increased their target price on Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research note on Monday, November 11th. StockNews.com raised Information Services Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Information Services Group Trading Up 0.3 %

Information Services Group stock opened at $3.35 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.14 and a current ratio of 1.97. The stock has a market capitalization of $164.39 million, a P/E ratio of -47.86, a PEG ratio of 2.72 and a beta of 0.96. Information Services Group has a 52 week low of $2.92 and a 52 week high of $4.98. 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 Dividend Announcement

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

Insider Buying and Selling at Information Services Group

In other 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 transaction, the director now owns 396,261 shares in the company, valued at approximately $1,343,324.79. The trade was a 4.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.00% of the company’s stock.

Institutional Trading of Information Services Group

A number of large investors have recently bought and sold shares of the business. Copeland Capital Management LLC bought a new stake in Information Services Group in the third quarter valued at $32,000. CHICAGO TRUST Co NA bought a new position in shares of Information Services Group in the second quarter valued at $30,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Information Services Group during the first quarter valued at about $45,000. Arkadios Wealth Advisors bought a new stake in shares of Information Services Group during the second quarter worth about $32,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Information Services Group in the 2nd quarter worth about $35,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Information Services Group Company Profile

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.