Information Services Group, Inc. (NASDAQ:III) Director Sells $11,286.15 in Stock

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 3,369 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $3.35, for a total transaction of $11,286.15. Following the completion of the transaction, the director now owns 374,413 shares of the company’s stock, valued at $1,254,283.55. This represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $63,715.05.

Information Services Group Stock Up 0.3 %

Shares of III stock traded up $0.01 during trading hours on Friday, reaching $3.35. 100,092 shares of the stock were exchanged, compared to its average volume of 103,618. The business’s fifty day moving average is $3.20 and its two-hundred day moving average is $3.22. Information Services Group, Inc. has a 12-month low of $2.92 and a 12-month 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 2.14. The firm has a market capitalization of $164.38 million, a P/E ratio of -47.85, a P/E/G ratio of 2.72 and a beta of 0.96.

Information Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Tuesday, December 3rd. Information Services Group’s payout ratio is currently -257.11%.

Institutional Investors Weigh In On Information Services Group

Several large investors have recently modified their holdings of the stock. State Street Corp boosted its holdings 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Information Services Group in the 3rd quarter valued at about $60,000. GSA Capital Partners LLP increased its stake in 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 purchasing an additional 26,019 shares during the last quarter. Equitable Trust Co. lifted its stake in Information Services Group by 4.5% in the third quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock valued at $572,000 after buying an additional 7,515 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of Information Services Group during the third quarter valued at $32,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on III. Barrington Research raised their price target 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. StockNews.com raised shares of Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Singular Research raised Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th.

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.