Information Services Group, Inc. (NASDAQ:III) Stock Position Lifted by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Information Services Group, Inc. (NASDAQ:III) by 0.2% during the third quarter, Holdings Channel.com reports. The firm owned 4,329,078 shares of the business services provider’s stock after acquiring an additional 9,240 shares during the period. Cerity Partners LLC owned 0.09% of Information Services Group worth $14,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Information Services Group during the 3rd quarter worth about $60,000. GSA Capital Partners LLP increased its stake in shares of Information Services Group by 30.7% during the third quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 26,019 shares during the period. Equitable Trust Co. raised its holdings in Information Services Group by 4.5% during the third quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock worth $572,000 after purchasing an additional 7,515 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Information Services Group in the third quarter worth approximately $32,000. Finally, SG Americas Securities LLC bought a new position in Information Services Group during the 3rd quarter valued at $49,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

Information Services Group Price Performance

NASDAQ III opened at $3.57 on Tuesday. The stock has a market capitalization of $175.18 million, a P/E ratio of -50.99, a P/E/G ratio of 2.86 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97. The business’s fifty day moving average is $3.22 and its two-hundred 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.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Tuesday, December 3rd. Information Services Group’s dividend payout ratio is -257.11%.

Insider Activity at Information Services Group

In related news, Director Kalpana Raina sold 15,075 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $3.35, for a total value of $50,501.25. Following the completion of the sale, the director now owns 359,338 shares in the company, valued at approximately $1,203,782.30. This represents a 4.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 44,931 shares of company stock worth $150,425 in the last quarter. 16.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.