Information Services Group, Inc. $III Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management grew its position in Information Services Group, Inc. (NASDAQ:III) by 87.2% during the 3rd quarter, Holdings Channel reports. The fund owned 319,509 shares of the business services provider’s stock after buying an additional 148,827 shares during the quarter. Ritholtz Wealth Management’s holdings in Information Services Group were worth $1,837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in III. Cerity Partners LLC lifted its position in Information Services Group by 15.9% in the second quarter. Cerity Partners LLC now owns 5,023,533 shares of the business services provider’s stock valued at $24,113,000 after purchasing an additional 690,957 shares during the period. Manatuck Hill Partners LLC acquired a new stake in shares of Information Services Group in the 2nd quarter valued at approximately $673,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Information Services Group in the second quarter valued at approximately $417,000. Prudential Financial Inc. boosted its stake in shares of Information Services Group by 521.9% in the second quarter. Prudential Financial Inc. now owns 74,133 shares of the business services provider’s stock valued at $356,000 after buying an additional 62,212 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in Information Services Group by 14.3% during the second quarter. Acadian Asset Management LLC now owns 448,690 shares of the business services provider’s stock worth $2,152,000 after acquiring an additional 56,131 shares during the period. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

III has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Information Services Group in a report on Friday, October 31st. Finally, Barrington Research upped their price target on Information Services Group from $5.50 to $7.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.00.

Information Services Group Trading Down 3.1%

Shares of Information Services Group stock opened at $5.89 on Monday. Information Services Group, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $6.45. The business’s fifty day moving average is $5.70 and its two-hundred day moving average is $5.35. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.63. The firm has a market cap of $282.01 million, a PE ratio of 31.00, a P/E/G ratio of 1.17 and a beta of 1.03.

Information Services Group (NASDAQ:III) last announced its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $62.36 million during the quarter, compared to analyst estimates of $60.94 million. Information Services Group had a return on equity of 9.62% and a net margin of 4.05%. Analysts anticipate that Information Services Group, Inc. will post 0.09 earnings per share for the current year.

Information Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, December 5th. Information Services Group’s dividend payout ratio (DPR) is currently 94.74%.

Insider Buying and Selling at Information Services Group

In related news, CEO Michael P. Connors sold 248,935 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $5.47, for a total value of $1,361,674.45. Following the completion of the sale, the chief executive officer directly owned 5,284,797 shares in the company, valued at approximately $28,907,839.59. This represents a 4.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 493,703 shares of company stock worth $2,641,010. Insiders own 15.90% of the company’s stock.

Information Services Group Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.