The Manufacturers Life Insurance Company Purchases Shares of 11,967 Information Services Group, Inc. (NASDAQ:III)

The Manufacturers Life Insurance Company acquired a new position in shares of Information Services Group, Inc. (NASDAQ:III) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,967 shares of the business services provider’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. CHICAGO TRUST Co NA acquired a new stake in Information Services Group during the second quarter worth $30,000. Arkadios Wealth Advisors acquired a new stake in shares of Information Services Group during the 2nd quarter valued at about $32,000. Price T Rowe Associates Inc. MD bought a new stake in Information Services Group in the first quarter valued at about $45,000. AQR Capital Management LLC acquired a new position in Information Services Group in the second quarter worth about $57,000. 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. 73.10% of the stock is currently owned by institutional investors.

Information Services Group Trading Down 2.5 %

III stock opened at $3.07 on Tuesday. The business has a fifty day moving average price of $3.25 and a 200 day moving average price of $3.28. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.14 and a quick ratio of 2.14. Information Services Group, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $4.98. The stock has a market capitalization of $149.40 million, a price-to-earnings ratio of -153.50, a P/E/G ratio of 2.56 and a beta of 0.95.

Information Services Group (NASDAQ:III) last announced its earnings results on Monday, August 5th. The business services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. The company had revenue of $64.26 million during the quarter, compared to analyst estimates of $65.51 million. Analysts expect that Information Services Group, Inc. will post 0.09 EPS for the current fiscal year.

Information Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 6th were given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 5.86%. The ex-dividend date was Friday, September 6th. Information Services Group’s dividend payout ratio (DPR) is presently -900.00%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on III. Singular Research upgraded Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th. Barrington Research restated an “outperform” rating and issued a $3.50 target price on shares of Information Services Group in a research note on Thursday, October 3rd.

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.