Legato Capital Management LLC lifted its stake in shares of Information Services Group, Inc. (NASDAQ:III – Free Report) by 475.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 241,463 shares of the business services provider’s stock after buying an additional 199,490 shares during the quarter. Legato Capital Management LLC’s holdings in Information Services Group were worth $1,396,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets grew its position in shares of Information Services Group by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after buying an additional 3,739 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Information Services Group by 250.1% during the second quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock worth $48,000 after buying an additional 7,177 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Information Services Group during the third quarter worth about $60,000. American Century Companies Inc. acquired a new position in shares of Information Services Group during the second quarter worth about $53,000. Finally, Centiva Capital LP acquired a new position in shares of Information Services Group during the third quarter worth about $68,000. 73.10% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
III has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Information Services Group in a research report on Wednesday, January 28th. Wall Street Zen downgraded Information Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Barrington Research reiterated an “outperform” rating and issued a $5.50 price target on shares of Information Services Group in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.
Information Services Group Stock Performance
Shares of Information Services Group stock opened at $4.44 on Monday. The firm has a market capitalization of $212.41 million, a P/E ratio of 22.20, a P/E/G ratio of 0.97 and a beta of 1.06. Information Services Group, Inc. has a 52 week low of $3.74 and a 52 week high of $6.45. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $4.07 and its two-hundred day moving average is $4.95.
Information Services Group (NASDAQ:III – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $61.18 million for the quarter, compared to analyst estimates of $60.85 million. Information Services Group had a net margin of 4.29% and a return on equity of 12.92%. Research analysts forecast that Information Services Group, Inc. will post 0.27 EPS for the current fiscal year.
Information Services Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, June 5th. Information Services Group’s dividend payout ratio is presently 90.00%.
Information Services Group 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.
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