Cerity Partners LLC Grows Holdings in Information Services Group, Inc. (NASDAQ:III)

Cerity Partners LLC raised its position in Information Services Group, Inc. (NASDAQ:III) by 0.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,329,078 shares of the business services provider’s stock after buying an additional 9,240 shares during the period. Cerity Partners LLC owned approximately 8.85% of Information Services Group worth $14,480,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

III has been the subject of several research analyst reports. Barrington Research boosted 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. StockNews.com raised Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, 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.

Information Services Group Stock Performance

Shares of III stock opened at $3.57 on Tuesday. The company has a market cap of $175.18 million, a P/E ratio of -50.99, a PEG ratio of 2.86 and a beta of 0.96. The business has a 50 day moving average of $3.22 and a two-hundred day moving average of $3.22. Information Services Group, Inc. has a 52 week low of $2.92 and a 52 week high of $4.98. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69.

Information Services Group Dividend Announcement

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

Insiders Place Their Bets

In other Information Services Group news, Director Kalpana Raina sold 18,795 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05. Following the completion of the transaction, the director now directly owns 396,261 shares of the company’s stock, valued at $1,343,324.79. The trade was a 4.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 44,931 shares of company stock valued at $150,425 over the last three months. Company insiders own 16.00% of the company’s stock.

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.