Information Services Group (NASDAQ:III) Shares Pass Below 50-Day Moving Average – Here’s Why

Shares of Information Services Group, Inc. (NASDAQ:III) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.79 and traded as low as $5.08. Information Services Group shares last traded at $5.22, with a volume of 446,861 shares trading hands.

Analysts Set New Price Targets

III has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 10th. Barrington Research upped their target price on Information Services Group from $5.50 to $7.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Information Services Group in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.00.

Information Services Group Trading Down 0.4%

The business’s 50 day moving average is $5.79 and its two-hundred day moving average is $5.43. The firm has a market capitalization of $249.93 million, a P/E ratio of 27.48, a PEG ratio of 1.06 and a beta of 1.04. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.63.

Insider Activity

In other Information Services Group news, CEO Michael P. Connors sold 66,196 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $5.26, for a total transaction of $348,190.96. Following the transaction, the chief executive officer directly owned 5,040,029 shares in the company, valued at $26,510,552.54. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 15.90% of the company’s stock.

Institutional Trading of Information Services Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Access Investment Management LLC bought a new stake in Information Services Group in the 2nd quarter valued at $36,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Information Services Group during the 2nd quarter worth about $39,000. BNP Paribas Financial Markets grew its stake in shares of Information Services Group by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 3,739 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in 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 valued at $48,000 after buying an additional 7,177 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Information Services Group in the third quarter worth about $60,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

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.