State Street Corp Has $1.93 Million Position in Information Services Group, Inc. (NASDAQ:III)

State Street Corp boosted its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 3.2% in the third quarter, Holdings Channel.com reports. The fund owned 578,220 shares of the business services provider’s stock after buying an additional 17,796 shares during the quarter. State Street Corp’s holdings in Information Services Group were worth $1,934,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in III. Blair William & Co. IL boosted its position in shares of Information Services Group by 1.4% in the 2nd quarter. Blair William & Co. IL now owns 824,499 shares of the business services provider’s stock worth $2,424,000 after purchasing an additional 11,056 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in Information Services Group by 107.4% during the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock worth $1,665,000 after buying an additional 293,328 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Information Services Group by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 353,188 shares of the business services provider’s stock worth $1,038,000 after buying an additional 18,421 shares during the last quarter. Perritt Capital Management Inc grew its position in shares of Information Services Group by 14.5% during the 2nd quarter. Perritt Capital Management Inc now owns 188,894 shares of the business services provider’s stock worth $555,000 after buying an additional 23,884 shares during the period. Finally, Equitable Trust Co. raised its position in shares of Information Services Group by 4.5% in the 3rd quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock valued at $572,000 after acquiring an additional 7,515 shares during the period. Institutional investors own 73.10% of the company’s stock.

Information Services Group Stock Performance

Shares of III stock opened at $3.34 on Thursday. 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, Inc. has a 52 week low of $2.92 and a 52 week high of $4.82. The company’s 50 day moving average price is $3.41 and its two-hundred day moving average price is $3.29. The company has a market capitalization of $163.90 million, a P/E ratio of -47.71, a price-to-earnings-growth ratio of 2.95 and a beta of 0.99.

Information Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 3rd were given a $0.045 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $0.18 annualized dividend and a yield of 5.39%. Information Services Group’s dividend payout ratio is currently -257.14%.

Analyst Upgrades and Downgrades

III has been the subject of a number of analyst reports. 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 target on shares of Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Singular Research raised Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th.

Insider Buying and Selling

In other Information Services Group news, Director Kalpana Raina sold 15,075 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was 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 represents a 4.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders sold 44,931 shares of company stock valued at $150,425. 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.