Information Services Group (NASDAQ:III) Posts Earnings Results

Information Services Group (NASDAQ:III) released its earnings results on Thursday. The business services provider reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08, FiscalAI reports. Information Services Group had a return on equity of 11.50% and a net margin of 3.82%.The firm had revenue of $61.21 million during the quarter, compared to the consensus estimate of $61.11 million.

Information Services Group Trading Down 4.8%

III stock traded down $0.23 during trading on Friday, hitting $4.53. The company had a trading volume of 335,709 shares, compared to its average volume of 337,533. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.63. Information Services Group has a 12 month low of $3.12 and a 12 month high of $6.45. The stock has a market cap of $216.90 million, a price-to-earnings ratio of 25.17, a PEG ratio of 0.96 and a beta of 1.07. The firm has a 50-day moving average price of $5.34 and a 200-day moving average price of $5.44.

Information Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 20th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.0%. Information Services Group’s payout ratio is currently 94.74%.

Institutional Trading of Information Services Group

A number of institutional investors and hedge funds have recently modified their holdings of III. Tower Research Capital LLC TRC raised its holdings in Information Services Group by 250.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock worth $48,000 after buying an additional 7,177 shares during the period. American Century Companies Inc. acquired a new position in Information Services Group during the second quarter valued at approximately $53,000. BNP Paribas Financial Markets grew its stake in shares of Information Services Group by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock valued at $54,000 after buying an additional 3,739 shares in the last quarter. Verdad Advisers LP bought a new position in shares of Information Services Group in the 4th quarter valued at about $67,000. Finally, Centiva Capital LP acquired a new position in Information Services Group during the third quarter worth approximately $68,000. 73.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Information Services Group in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Information Services Group presently has an average rating of “Hold” and an average price target of $7.00.

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.