Information Services Group Target of Unusually High Options Trading (NASDAQ:III)

Information Services Group, Inc. (NASDAQ:III) saw unusually large options trading on Monday. Stock traders purchased 8,011 call options on the stock. This represents an increase of approximately 12,038% compared to the typical daily volume of 66 call options.

Information Services Group Price Performance

NASDAQ:III traded up $0.56 during mid-day trading on Monday, hitting $6.07. 589,226 shares of the company’s stock traded hands, compared to its average volume of 184,122. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.43 and a current ratio of 2.43. The firm’s 50 day simple moving average is $5.45 and its 200 day simple moving average is $4.87. Information Services Group has a 1 year low of $2.95 and a 1 year high of $6.43. The company has a market cap of $292.54 million, a PE ratio of 40.47, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were paid a $0.045 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.18 dividend on an annualized basis and a yield of 3.0%. Information Services Group’s dividend payout ratio is presently 120.00%.

Institutional Investors Weigh In On Information Services Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers grew its holdings in Information Services Group by 4.4% in the second quarter. Rhumbline Advisers now owns 53,200 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 2,251 shares during the period. Goldman Sachs Group Inc. grew its holdings 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 purchasing an additional 3,453 shares during the period. Intech Investment Management LLC raised its position in shares of Information Services Group by 23.1% in the 2nd quarter. Intech Investment Management LLC now owns 20,078 shares of the business services provider’s stock worth $96,000 after buying an additional 3,767 shares during the period. Invesco Ltd. raised its position in shares of Information Services Group by 22.5% in the 1st quarter. Invesco Ltd. now owns 20,546 shares of the business services provider’s stock worth $80,000 after buying an additional 3,780 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Information Services Group by 250.1% in 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. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on III shares. Wall Street Zen cut Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Barrington Research reiterated an “outperform” rating and set a $5.50 target price on shares of Information Services Group in a research report on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Information Services Group in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5.50.

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.