Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina Sells 15,075 Shares of Stock

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 15,075 shares of Information Services Group stock in a transaction on Monday, November 18th. The shares were sold at an average price of $3.35, for a total transaction of $50,501.25. Following the completion of the sale, the director now directly owns 359,338 shares of the company’s stock, valued at approximately $1,203,782.30. The trade was a 4.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kalpana Raina also recently made the following trade(s):

• On Friday, November 15th, Kalpana Raina sold 3,369 shares of Information Services Group stock. The stock was sold at an average price of $3.35, for a total value of $11,286.15.
• On Wednesday, November 13th, Kalpana Raina sold 18,795 shares of Information Services Group stock. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05.

Information Services Group Stock Down 0.3 %

NASDAQ III opened at $3.25 on Thursday. The business’s 50-day moving average is $3.21 and its 200 day moving average is $3.22. Information Services Group, Inc. has a 1 year low of $2.92 and a 1 year high of $4.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $159.48 million, a PE ratio of -46.42, a PEG ratio of 2.65 and a beta of 0.96.

Information Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend is Tuesday, December 3rd. Information Services Group’s payout ratio is presently -257.11%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on III shares. Singular Research raised shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, November 14th. StockNews.com raised shares of Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Barrington Research raised their price objective on Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a report on Monday, November 11th.

Institutional Investors Weigh In On Information Services Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Information Services Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock valued at $8,760,000 after purchasing an additional 15,028 shares during the last quarter. Blair William & Co. IL raised its stake in Information Services Group by 1.4% during the 2nd quarter. Blair William & Co. IL now owns 824,499 shares of the business services provider’s stock worth $2,424,000 after acquiring an additional 11,056 shares during the period. Geode Capital Management LLC lifted its stake in shares of Information Services Group by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock valued at $2,709,000 after buying an additional 70,135 shares in the last quarter. State Street Corp grew its position in shares of Information Services Group by 3.2% during the third quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock worth $1,934,000 after purchasing an additional 17,796 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of Information Services Group by 107.4% in the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock worth $1,665,000 after buying an additional 293,328 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

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.