Information Services Group (NASDAQ:III) Posts Earnings Results, Hits Expectations

Information Services Group (NASDAQ:III) announced its earnings results on Thursday. The business services provider reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08, FiscalAI reports. The company had revenue of $61.21 million during the quarter, compared to analyst estimates of $61.11 million. Information Services Group had a net margin of 3.82% and a return on equity of 11.50%.

Information Services Group Trading Down 4.8%

Shares of III traded down $0.23 during trading hours on Friday, reaching $4.53. 335,709 shares of the company traded hands, compared to its average volume of 337,533. Information Services Group has a 12 month low of $3.12 and a 12 month high of $6.45. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.63. The company’s fifty day moving average price is $5.34 and its two-hundred day moving average price is $5.44. The company has a market capitalization of $216.90 million, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 0.96 and a beta of 1.07.

Information Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 20th will be given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, March 20th. Information Services Group’s dividend payout ratio (DPR) is currently 94.74%.

Hedge Funds Weigh In On Information Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings 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 valued at $255,000 after purchasing an additional 2,251 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Information Services Group by 1.2% during 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 buying an additional 3,453 shares during the last quarter. BNP Paribas Financial Markets increased 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 in the last quarter. Invesco Ltd. boosted its holdings in Information Services Group by 22.5% in 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 during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Information Services Group by 17.8% in the third quarter. Alliancebernstein L.P. now owns 31,710 shares of the business services provider’s stock worth $182,000 after purchasing an additional 4,800 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Analyst Upgrades and Downgrades

III has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Information Services Group in a research report on Wednesday, January 28th. Wall Street Zen upgraded Information Services Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.00.

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.