Information Services Group’s (III) “Outperform” Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Information Services Group (NASDAQ:III) in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a $3.50 price target on the business services provider’s stock.

Information Services Group Trading Up 0.3 %

Shares of Information Services Group stock opened at $3.15 on Friday. The company has a market capitalization of $153.29 million, a P/E ratio of -157.50, a P/E/G ratio of 1.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.23 and a current ratio of 2.23. The company has a fifty day moving average of $3.12 and a 200 day moving average of $3.80. Information Services Group has a fifty-two week low of $2.92 and a fifty-two week high of $5.49.

Information Services Group (NASDAQ:III) last released its quarterly earnings data on Thursday, May 9th. The business services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). Information Services Group had a negative net margin of 0.26% and a positive return on equity of 7.81%. The company had revenue of $64.27 million for the quarter, compared to the consensus estimate of $66.05 million. On average, sell-side analysts anticipate that Information Services Group will post 0.14 earnings per share for the current fiscal year.

Information Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend was Friday, June 14th. Information Services Group’s dividend payout ratio is -900.00%.

Institutional Trading of Information Services Group

Several hedge funds have recently made changes to their positions in III. CHICAGO TRUST Co NA purchased a new stake in Information Services Group in the 2nd quarter worth about $30,000. Price T Rowe Associates Inc. MD acquired a new stake in Information Services Group during the 1st quarter worth about $45,000. SG Americas Securities LLC acquired a new stake in Information Services Group during the 4th quarter worth about $72,000. EMC Capital Management lifted its position in Information Services Group by 277.3% during the 1st quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock worth $69,000 after acquiring an additional 12,629 shares during the period. Finally, Summit Global Investments raised its stake in shares of Information Services Group by 21.1% during the 4th quarter. Summit Global Investments now owns 22,349 shares of the business services provider’s stock valued at $105,000 after buying an additional 3,900 shares during the last quarter. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

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.