Michael Connors Sells 100,096 Shares of Information Services Group (NASDAQ:III) Stock

Information Services Group, Inc. (NASDAQ:III) CEO Michael Connors sold 100,096 shares of Information Services Group stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $5.21, for a total transaction of $521,500.16. Following the transaction, the chief executive officer owned 5,106,225 shares in the company, valued at approximately $26,603,432.25. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Information Services Group Price Performance

Shares of III opened at $5.25 on Friday. The business’s 50-day moving average is $5.52 and its 200-day moving average is $4.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.43 and a quick ratio of 2.43. The company has a market capitalization of $251.39 million, a price-to-earnings ratio of 35.00, a P/E/G ratio of 1.50 and a beta of 1.32. Information Services Group, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $6.45.

Information Services Group (NASDAQ:III) last posted its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $62.36 million during the quarter, compared to analysts’ expectations of $60.94 million. Information Services Group had a net margin of 3.27% and a return on equity of 6.87%. Information Services Group has set its Q4 2025 guidance at EPS. Equities research analysts expect that Information Services Group, Inc. will post 0.09 EPS for the current fiscal year.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.4%. Information Services Group’s dividend payout ratio is 94.74%.

Hedge Funds Weigh In On Information Services Group

Hedge funds have recently bought and sold shares of the business. Bailard Inc. acquired a new stake in shares of Information Services Group in the first quarter worth about $144,000. Legato Capital Management LLC raised its stake in shares of Information Services Group by 80.2% in the 1st quarter. Legato Capital Management LLC now owns 50,595 shares of the business services provider’s stock valued at $198,000 after acquiring an additional 22,521 shares in the last quarter. Equitable Trust Co. raised its stake in shares of Information Services Group by 6.5% in the 1st quarter. Equitable Trust Co. now owns 169,587 shares of the business services provider’s stock valued at $663,000 after acquiring an additional 10,285 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Information Services Group by 396.6% in the 1st quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider’s stock worth $384,000 after purchasing an additional 78,364 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in Information Services Group by 110.9% during the first quarter. XTX Topco Ltd now owns 31,873 shares of the business services provider’s stock worth $125,000 after purchasing an additional 16,762 shares during the period. 73.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on III shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Information Services Group in a report on Friday, October 31st. Wall Street Zen raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 9th. Finally, Barrington Research raised their price target on Information Services Group from $5.50 to $7.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.00.

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.