Michael Connors Sells 248,935 Shares of Information Services Group (NASDAQ:III) Stock

Information Services Group, Inc. (NASDAQ:III) CEO Michael Connors sold 248,935 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5.47, for a total transaction of $1,361,674.45. Following the sale, the chief executive officer owned 5,284,797 shares in the company, valued at $28,907,839.59. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Information Services Group Stock Performance

Shares of III opened at $5.25 on Friday. 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, Inc. has a 52-week low of $2.95 and a 52-week high of $6.45. The company has a 50-day simple moving average of $5.52 and a 200-day simple moving average of $4.98. The company has a market capitalization of $251.39 million, a PE ratio of 35.00, a P/E/G ratio of 1.50 and a beta of 1.32.

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

Information Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 5th will be paid a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, December 5th. Information Services Group’s dividend payout ratio (DPR) is presently 94.74%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Cerity Partners LLC boosted its position in shares of Information Services Group by 15.9% in the second quarter. Cerity Partners LLC now owns 5,023,533 shares of the business services provider’s stock worth $24,113,000 after acquiring an additional 690,957 shares during the last quarter. Hillsdale Investment Management Inc. raised its stake in Information Services Group by 603.2% during the third quarter. Hillsdale Investment Management Inc. now owns 480,318 shares of the business services provider’s stock worth $2,762,000 after purchasing an additional 412,018 shares during the period. GDS Wealth Management purchased a new position in Information Services Group during the third quarter worth approximately $1,118,000. Ritholtz Wealth Management acquired a new position in shares of Information Services Group in the 2nd quarter valued at $819,000. Finally, Manatuck Hill Partners LLC acquired a new position in shares of Information Services Group in the 2nd quarter valued at $673,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

III has been the topic of a number of research analyst reports. Barrington Research boosted 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. Wall Street Zen raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Information Services Group in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Information Services Group has an average rating of “Hold” and a consensus price target of $7.00.

Information Services Group Company Profile

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.