Information Services Group (NASDAQ:III) Shares Pass Below 200-Day Moving Average – What’s Next?

Information Services Group, Inc. (NASDAQ:III) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.99 and traded as low as $4.07. Information Services Group shares last traded at $4.12, with a volume of 456,539 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on III. Wall Street Zen downgraded shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Information Services Group in a research note on Wednesday, January 28th. Finally, Barrington Research restated an “outperform” rating and issued a $5.50 price target on shares of Information Services Group in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Information Services Group has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Information Services Group Trading Down 3.1%

The company has a debt-to-equity ratio of 0.63, a current ratio of 2.65 and a quick ratio of 2.34. The business’s 50 day moving average is $4.07 and its 200 day moving average is $4.99. The stock has a market cap of $197.10 million, a price-to-earnings ratio of 20.60, a P/E/G ratio of 0.93 and a beta of 1.06.

Information Services Group (NASDAQ:III) last issued its earnings results on Thursday, May 7th. The business services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $61.18 million during the quarter, compared to the consensus estimate of $60.85 million. Information Services Group had a net margin of 4.29% and a return on equity of 12.92%. As a group, equities analysts expect that Information Services Group, Inc. will post 0.27 earnings per share for the current fiscal year.

Information Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be paid a dividend of $0.045 per share. The ex-dividend date is Friday, June 5th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.4%. Information Services Group’s payout ratio is presently 90.00%.

Hedge Funds Weigh In On Information Services Group

A number of institutional investors and hedge funds have recently modified their holdings of III. Invesco Ltd. grew its stake 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 in the last quarter. AQR Capital Management LLC grew its stake in shares of Information Services Group by 73.1% during the first quarter. AQR Capital Management LLC now owns 42,519 shares of the business services provider’s stock worth $166,000 after purchasing an additional 17,956 shares in the last quarter. NewEdge Advisors LLC acquired a new position in Information Services Group in the first quarter valued at $83,000. Goldman Sachs Group Inc. boosted its stake 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 valued at $1,150,000 after acquiring an additional 3,453 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Information Services Group by 323.1% in the first quarter. Jane Street Group LLC now owns 47,472 shares of the business services provider’s stock valued at $186,000 after acquiring an additional 36,253 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

About Information Services Group

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.