Barrington Research Forecasts Strong Price Appreciation for Information Services Group (NASDAQ:III) Stock

Information Services Group (NASDAQ:III) had its price objective upped by Barrington Research from $3.50 to $3.75 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

Separately, Singular Research raised Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th.

Information Services Group Price Performance

Shares of Information Services Group stock opened at $3.31 on Monday. The firm has a market cap of $161.83 million, a PE ratio of -47.28, a P/E/G ratio of 2.72 and a beta of 0.96. Information Services Group has a twelve month low of $2.92 and a twelve month high of $4.98. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $3.20 and a 200 day moving average price of $3.22.

Information Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 3rd will be paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date of this dividend is Tuesday, December 3rd. Information Services Group’s dividend payout ratio is presently -257.11%.

Institutional Trading of Information Services Group

A number of institutional investors have recently made changes to their positions in the company. Copeland Capital Management LLC purchased a new position in Information Services Group in the 3rd quarter worth approximately $32,000. CHICAGO TRUST Co NA purchased a new position in Information Services Group during the second quarter worth approximately $30,000. Price T Rowe Associates Inc. MD acquired a new position in Information Services Group during the first quarter worth $45,000. Arkadios Wealth Advisors purchased a new stake in Information Services Group in the 2nd quarter valued at $32,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Information Services Group in the 2nd quarter worth $35,000. 73.10% of the stock is owned by institutional investors and hedge funds.

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.