Information Services Group, Inc. (NASDAQ:III) Declares Quarterly Dividend of $0.04

Information Services Group, Inc. (NASDAQ:III) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, September 4th will be given a dividend of 0.045 per share by the business services provider on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, September 4th.

Information Services Group has a dividend payout ratio of 100.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Information Services Group to earn $0.35 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 51.4%.

Information Services Group Price Performance

Information Services Group stock traded up $0.66 during mid-day trading on Thursday, hitting $4.92. 431,290 shares of the company were exchanged, compared to its average volume of 264,593. The business has a fifty day moving average of $4.14 and a 200 day moving average of $4.37. The company has a market capitalization of $235.13 million, a PE ratio of 24.48, a price-to-earnings-growth ratio of 0.95 and a beta of 1.10. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.63. Information Services Group has a 1-year low of $3.74 and a 1-year high of $6.45.

Information Services Group (NASDAQ:III) last posted its quarterly earnings data on Wednesday, August 5th. The business services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The firm had revenue of $65.49 million for the quarter, compared to analysts’ expectations of $62.86 million. Information Services Group had a return on equity of 12.92% and a net margin of 4.29%. As a group, sell-side analysts expect that Information Services Group will post 0.27 earnings per share for the current year.

Analysts Set New Price Targets

III has been the topic of several analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Information Services Group in a report on Tuesday, June 9th. Barrington Research reissued an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a report on Thursday, April 16th. Finally, Wall Street Zen downgraded shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Information Services Group has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

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.