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 on Friday, November 15th. The shares were 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 in the company, valued at approximately $1,254,283.55. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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 stock was sold at an average price of $3.39, for a total value of $63,715.05.

Information Services Group Trading Up 0.3 %

Shares of Information Services Group stock opened at $3.35 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.14 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 $4.98. The stock has a 50 day moving average price of $3.21 and a two-hundred day moving average price of $3.22. The stock has a market capitalization of $164.39 million, a PE ratio of -47.86, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96.

Information Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a yield of 5.37%. Information Services Group’s dividend payout ratio (DPR) is presently -257.14%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its position 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 acquiring an additional 293,328 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Information Services Group by 9.3% in the third quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock valued at $2,709,000 after purchasing an additional 70,135 shares in the last quarter. Blair William & Co. IL boosted its position 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 valued at $3,286,000 after buying an additional 46,799 shares during the last quarter. Williams & Novak LLC bought a new stake in Information Services Group during the second quarter worth $128,000. Finally, Equitable Trust Co. raised its position in Information Services Group by 28.3% in the 2nd quarter. Equitable Trust Co. now owns 165,957 shares of the business services provider’s stock valued at $488,000 after buying an additional 36,645 shares during the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

Analysts Set New Price Targets

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