Information Services Group, Inc. (NASDAQ:III – Get Free Report) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $5.03 and traded as high as $5.80. Information Services Group shares last traded at $5.70, with a volume of 212,314 shares trading hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Information Services Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.50.
Get Our Latest Stock Analysis on III
Information Services Group Stock Performance
Information Services Group (NASDAQ:III – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The business services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $65.49 million during the quarter, compared to analysts’ expectations of $62.86 million. Information Services Group had a net margin of 4.67% and a return on equity of 13.59%. On average, research analysts anticipate that Information Services Group, Inc. will post 0.28 EPS for the current year.
Information Services Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a dividend of $0.0450 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, September 4th. Information Services Group’s dividend payout ratio is currently 78.26%.
Institutional Trading of Information Services Group
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LP acquired a new position in Information Services Group during the second quarter valued at approximately $41,000. Abel Hall LLC bought a new position in shares of Information Services Group in the first quarter valued at $54,000. Baron Wealth Management LLC acquired a new position in Information Services Group during the second quarter worth $60,000. AXQ Capital LP acquired a new position in Information Services Group during the fourth quarter worth $82,000. Finally, Vise Technologies Inc. bought a new stake in Information Services Group during the second quarter worth $83,000. Institutional investors and hedge funds own 73.10% of the company’s stock.
Information Services Group Company Profile
Information Services Group, Inc (NASDAQ: III) is a global technology research and advisory firm that helps businesses, government organizations and service providers navigate digital transformation and technology sourcing. The company provides data, insights and consulting services focused on information technology, business process services and emerging technologies.
Its offerings include technology and services-market intelligence, benchmarking, sourcing advisory, provider evaluations, contract assistance and transformation consulting.
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