Information Services Group (NASDAQ:III) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Information Services Group (NASDAQ:III) released its quarterly earnings data on Wednesday. The business services provider reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05, FiscalAI reports. Information Services Group had a net margin of 4.67% and a return on equity of 13.64%. The company had revenue of $65.49 million during the quarter, compared to the consensus estimate of $62.86 million.

Information Services Group Price Performance

Shares of III stock traded up $0.20 during trading hours on Friday, reaching $5.21. The company had a trading volume of 367,509 shares, compared to its average volume of 267,394. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.65 and a current ratio of 2.65. The stock has a fifty day moving average of $4.15 and a 200-day moving average of $4.37. The company has a market capitalization of $249.01 million, a price-to-earnings ratio of 22.59, a PEG ratio of 0.92 and a beta of 1.10. Information Services Group has a 12-month low of $3.74 and a 12-month high of $6.45.

Information Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, September 4th. This represents a $0.18 dividend on an annualized basis and a yield of 3.5%. Information Services Group’s payout ratio is presently 90.00%.

Analysts Set New Price Targets

Several brokerages have weighed in on III. Barrington Research reissued an “outperform” rating and set a $5.50 price target on shares of Information Services Group in a research report on Thursday, April 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Information Services Group in a research note on Tuesday, June 9th. Finally, Wall Street Zen cut shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Institutional Investors Weigh In On Information Services Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers grew its position in shares of Information Services Group by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 53,200 shares of the business services provider’s stock worth $255,000 after acquiring an additional 2,251 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Information Services Group by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock worth $1,150,000 after purchasing an additional 3,453 shares during the period. BNP Paribas Financial Markets increased its stake in Information Services Group by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 3,739 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Information Services Group by 22.5% during the first quarter. Invesco Ltd. now owns 20,546 shares of the business services provider’s stock worth $80,000 after purchasing an additional 3,780 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Information Services Group by 17.8% in the 3rd quarter. Alliancebernstein L.P. now owns 31,710 shares of the business services provider’s stock worth $182,000 after buying an additional 4,800 shares during the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

Information Services Group Company Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.