Information Services Group, Inc. (NASDAQ:III) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Information Services Group, Inc. (NASDAQ:III) by 9.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 820,929 shares of the business services provider’s stock after acquiring an additional 70,135 shares during the period. Geode Capital Management LLC’s holdings in Information Services Group were worth $2,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in III. Copeland Capital Management LLC acquired a new stake in shares of Information Services Group in the third quarter valued at approximately $32,000. The Manufacturers Life Insurance Company purchased a new stake in Information Services Group in the 2nd quarter valued at $35,000. SG Americas Securities LLC acquired a new stake in shares of Information Services Group in the 3rd quarter worth $49,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Information Services Group during the 3rd quarter worth $60,000. Finally, AQR Capital Management LLC acquired a new position in shares of Information Services Group during the 2nd quarter valued at about $57,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

Information Services Group Trading Down 1.9 %

NASDAQ III opened at $3.18 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market capitalization of $156.05 million, a P/E ratio of -45.42, a PEG ratio of 2.95 and a beta of 1.00. The firm’s 50-day moving average is $3.42 and its two-hundred day moving average is $3.30. Information Services Group, Inc. has a 12 month low of $2.92 and a 12 month high of $4.82.

Information Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date was Tuesday, December 3rd. Information Services Group’s payout ratio is -257.14%.

Insiders Place Their Bets

In other Information Services Group news, Director Kalpana Raina sold 15,075 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $3.35, for a total transaction of $50,501.25. Following the sale, the director now directly owns 359,338 shares in the company, valued at $1,203,782.30. This represents a 4.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 44,931 shares of company stock worth $150,425 over the last ninety days. Corporate insiders own 16.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on III. StockNews.com upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Barrington Research lifted 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, November 11th. Finally, Singular Research upgraded Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

Information Services Group 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.