Information Services Group (NASDAQ:III) Price Target Cut to $5.50 by Analysts at Barrington Research

Information Services Group (NASDAQ:III) had its price target lowered by Barrington Research from $7.00 to $5.50 in a report published on Monday,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

III has been the topic of several other reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Information Services Group in a report on Wednesday, January 28th. Wall Street Zen upgraded Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Information Services Group presently has a consensus rating of “Hold” and a consensus price target of $5.50.

Information Services Group Stock Performance

Shares of NASDAQ III opened at $4.27 on Monday. The company has a 50 day simple moving average of $5.30 and a two-hundred day simple moving average of $5.45. The stock has a market cap of $204.45 million, a price-to-earnings ratio of 23.72, a PEG ratio of 0.92 and a beta of 1.07. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.63. Information Services Group has a 12 month low of $3.17 and a 12 month high of $6.45.

Information Services Group (NASDAQ:III) last released its quarterly earnings data on Thursday, March 5th. The business services provider reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. Information Services Group had a net margin of 3.82% and a return on equity of 11.50%. The firm had revenue of $61.21 million for the quarter, compared to analyst estimates of $61.11 million. As a group, analysts predict that Information Services Group will post 0.09 earnings per share for the current year.

Information Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 20th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, March 20th. This represents a $0.18 dividend on an annualized basis and a yield of 4.2%. Information Services Group’s dividend payout ratio is currently 100.00%.

Institutional Trading of Information Services Group

Several institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its stake in shares of Information Services Group by 4.4% during the second quarter. Rhumbline Advisers now owns 53,200 shares of the business services provider’s stock worth $255,000 after purchasing an additional 2,251 shares in the last quarter. Everstar Asset Management LLC lifted its stake in Information Services Group by 10.0% in the 4th quarter. Everstar Asset Management LLC now owns 25,808 shares of the business services provider’s stock valued at $149,000 after buying an additional 2,343 shares in the last quarter. SG Americas Securities LLC lifted its stake in Information Services Group by 22.6% in the 4th quarter. SG Americas Securities LLC now owns 12,754 shares of the business services provider’s stock valued at $74,000 after buying an additional 2,351 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Information Services Group by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock worth $1,150,000 after buying an additional 3,453 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Information Services Group by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after buying an additional 3,739 shares during the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

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.