Blair William & Co. IL Lowers Stake in Information Services Group, Inc. $III

Blair William & Co. IL lowered its stake in shares of Information Services Group, Inc. (NASDAQ:III) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 876,300 shares of the business services provider’s stock after selling 4,994 shares during the period. Blair William & Co. IL owned 1.82% of Information Services Group worth $4,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in Information Services Group by 1.2% during the first 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 during the period. Nuveen LLC purchased a new stake in Information Services Group during the first quarter worth $267,000. Mackenzie Financial Corp lifted its holdings in Information Services Group by 396.6% during the first quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider’s stock worth $384,000 after buying an additional 78,364 shares during the period. Hsbc Holdings PLC lifted its holdings in Information Services Group by 58.6% during the first quarter. Hsbc Holdings PLC now owns 69,676 shares of the business services provider’s stock worth $271,000 after buying an additional 25,751 shares during the period. Finally, XTX Topco Ltd lifted its holdings 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 buying an additional 16,762 shares during the period. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Price Performance

NASDAQ III opened at $5.34 on Tuesday. 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 stock’s fifty day moving average price is $5.22 and its 200 day moving average price is $4.68. Information Services Group, Inc. has a 1 year low of $2.95 and a 1 year high of $6.01. The company has a market cap of $257.33 million, a price-to-earnings ratio of 35.60, a PEG ratio of 1.43 and a beta of 1.32.

Information Services Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 5th were given a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, September 5th. Information Services Group’s dividend payout ratio is presently 120.00%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Information Services Group in a report on Wednesday, October 8th. 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 set a $5.50 price objective on shares of Information Services Group in a report on Friday, July 18th. One 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. Based on data from MarketBeat.com, Information Services Group presently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

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.