Williams & Novak LLC Sells 11,625 Shares of Information Services Group, Inc. $III

Williams & Novak LLC cut its stake in shares of Information Services Group, Inc. (NASDAQ:III) by 30.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 26,600 shares of the business services provider’s stock after selling 11,625 shares during the period. Williams & Novak LLC’s holdings in Information Services Group were worth $128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of III. Kathmere Capital Management LLC bought a new stake in Information Services Group in the 2nd quarter worth about $74,000. Baron Wealth Management LLC bought a new stake in Information Services Group in the 2nd quarter worth about $57,000. Goldman Sachs Group Inc. increased its holdings in Information Services Group by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock worth $1,150,000 after buying an additional 3,453 shares in the last quarter. Jane Street Group LLC increased its holdings in Information Services Group by 323.1% in the 1st quarter. Jane Street Group LLC now owns 47,472 shares of the business services provider’s stock worth $186,000 after buying an additional 36,253 shares in the last quarter. Finally, Everstar Asset Management LLC bought a new stake in Information Services Group in the 1st quarter worth about $43,000. 73.10% of the stock is currently owned by institutional investors.

Information Services Group Trading Down 4.7%

Information Services Group stock opened at $5.26 on Friday. The business has a 50-day simple moving average of $5.20 and a two-hundred day simple moving average of $4.66. The company has a market cap of $253.48 million, a P/E ratio of 35.07, a P/E/G ratio of 1.50 and a beta of 1.32. Information Services Group, Inc. has a 52-week low of $2.95 and a 52-week high of $6.01. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.63.

Information Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, September 5th. Information Services Group’s payout ratio is currently 120.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Information Services Group in a report on Wednesday. Wall Street Zen upgraded Information Services Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Finally, Barrington Research reiterated an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

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.