Information Services Group, Inc. (NASDAQ:III) Director Sells $63,715.05 in Stock

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 18,795 shares of Information Services Group stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05. Following the sale, the director now owns 396,261 shares of the company’s stock, valued at approximately $1,343,324.79. The trade was a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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.

Information Services Group Trading Up 0.3 %

Shares of III opened at $3.35 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 2.14. Information Services Group, Inc. has a 1-year low of $2.92 and a 1-year high of $4.98. The stock has a market cap of $164.39 million, a price-to-earnings ratio of -47.86, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96. The firm has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $3.22.

Information Services Group Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.37%. Information Services Group’s dividend payout ratio (DPR) is -257.14%.

Institutional Trading of Information Services Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. raised its stake in Information Services Group by 107.4% in 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 purchasing an additional 293,328 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Information Services Group by 6.1% during the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock worth $3,286,000 after buying an additional 46,799 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Information Services Group in the first quarter valued at approximately $45,000. Arkadios Wealth Advisors acquired a new position in shares of Information Services Group in the second quarter valued at approximately $32,000. Finally, Vanguard Group Inc. lifted its stake 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 buying an additional 15,028 shares during the period. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.