Shares of Information Services Group, Inc. (NASDAQ:III – Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.18 and traded as high as $3.61. Information Services Group shares last traded at $3.50, with a volume of 143,356 shares changing hands.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $3.75 price target on shares of Information Services Group in a research report on Monday, March 10th. StockNews.com raised shares of Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 10th.
Read Our Latest Stock Report on III
Information Services Group Trading Up 4.2 %
Information Services Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 21st will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.18 annualized dividend and a dividend yield of 5.14%. Information Services Group’s dividend payout ratio is currently 360.00%.
Hedge Funds Weigh In On Information Services Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP boosted its holdings in Information Services Group by 27.0% during the 4th quarter. Two Sigma Investments LP now owns 131,101 shares of the business services provider’s stock valued at $438,000 after acquiring an additional 27,907 shares during the period. Two Sigma Advisers LP boosted its holdings in Information Services Group by 46.2% during the 4th quarter. Two Sigma Advisers LP now owns 157,900 shares of the business services provider’s stock valued at $527,000 after acquiring an additional 49,900 shares during the period. ProShare Advisors LLC purchased a new position in Information Services Group during the 4th quarter valued at about $34,000. Bridgeway Capital Management LLC boosted its holdings in Information Services Group by 18.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 139,430 shares of the business services provider’s stock valued at $466,000 after acquiring an additional 21,500 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Information Services Group by 10.2% during the 4th quarter. Bank of America Corp DE now owns 116,000 shares of the business services provider’s stock valued at $387,000 after acquiring an additional 10,729 shares during the period. 73.10% of the stock is currently owned by hedge funds and other institutional investors.
About Information Services Group
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.
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