Blair William & Co. IL Has $2.42 Million Stake in Information Services Group, Inc. (NASDAQ:III)

Blair William & Co. IL grew its stake in shares of Information Services Group, Inc. (NASDAQ:III) by 1.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 824,499 shares of the business services provider’s stock after buying an additional 11,056 shares during the period. Blair William & Co. IL owned approximately 1.69% of Information Services Group worth $2,424,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. CHICAGO TRUST Co NA bought a new stake in Information Services Group in the 2nd quarter valued at $30,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Information Services Group during the 1st quarter valued at about $45,000. Arkadios Wealth Advisors bought a new stake in Information Services Group in the second quarter valued at about $32,000. EMC Capital Management raised its position in Information Services Group by 277.3% in the first quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock worth $69,000 after purchasing an additional 12,629 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Information Services Group by 9,259.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 21,621 shares of the business services provider’s stock worth $64,000 after purchasing an additional 21,390 shares during the period. Institutional investors own 73.10% of the company’s stock.

Information Services Group Stock Performance

Shares of NASDAQ:III opened at $3.17 on Monday. The business has a fifty day moving average of $3.33 and a 200-day moving average of $3.41. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.14 and a current ratio of 2.14. Information Services Group, Inc. has a twelve month low of $2.92 and a twelve month high of $4.98. The firm has a market cap of $154.27 million, a PE ratio of -158.50, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95.

Information Services Group (NASDAQ:III) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.04. Information Services Group had a negative net margin of 0.38% and a positive return on equity of 7.48%. The firm had revenue of $64.26 million during the quarter, compared to analysts’ expectations of $65.51 million. On average, equities research analysts predict that Information Services Group, Inc. will post 0.1 EPS for the current fiscal year.

Information Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 6th will be given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 5.68%. The ex-dividend date of this dividend is Friday, September 6th. Information Services Group’s dividend payout ratio (DPR) is presently -900.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on III shares. Barrington Research reiterated an “outperform” rating and issued a $3.50 price objective on shares of Information Services Group in a research note on Wednesday, August 7th. Singular Research upgraded Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th.

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.