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

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 15,075 shares of the company’s 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 transaction, the director now owns 359,338 shares of the company’s stock, valued at $1,203,782.30. This trade represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

Information Services Group Price Performance

III opened at $3.34 on Friday. The company has a 50-day moving average of $3.21 and a 200-day moving average of $3.22. The company has a market capitalization of $163.66 million, a P/E ratio of -47.64, a PEG ratio of 2.65 and a beta of 0.96. 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 quick ratio of 1.97 and a current ratio of 1.97.

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 given a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Tuesday, December 3rd. Information Services Group’s payout ratio is currently -257.14%.

Institutional Investors Weigh In On Information Services Group

Several hedge funds and other institutional investors have recently modified their holdings of III. Vanguard Group Inc. grew its position in shares of Information Services Group by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock valued at $8,760,000 after buying an additional 15,028 shares during the last quarter. Blair William & Co. IL grew its position in shares of 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 valued at $2,424,000 after buying an additional 11,056 shares during the last quarter. Geode Capital Management LLC grew its position 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 during the last quarter. State Street Corp grew its position in shares of Information Services Group by 3.2% during the 3rd quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock valued at $1,934,000 after buying an additional 17,796 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Information Services Group by 107.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock valued at $1,665,000 after buying an additional 293,328 shares during the last quarter. Institutional investors own 73.10% of the company’s stock.

Analyst Ratings Changes

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

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.