Information Services Group, Inc. (NASDAQ:III) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 52.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,111 shares of the business services provider’s stock after acquiring an additional 34,816 shares during the period. Barclays PLC owned about 0.21% of Information Services Group worth $334,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of III. Rhumbline Advisers lifted its position in shares of Information Services Group by 7.6% in the second quarter. Rhumbline Advisers now owns 57,734 shares of the business services provider’s stock valued at $170,000 after acquiring an additional 4,075 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in Information Services Group by 13.1% in the 2nd quarter. Hsbc Holdings PLC now owns 43,746 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 5,074 shares in the last quarter. Equitable Trust Co. lifted its holdings in 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 purchasing an additional 7,515 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Information Services Group during the 3rd quarter worth about $32,000. Finally, Blair William & Co. IL grew its holdings in shares of Information Services Group by 1.4% during the second quarter. Blair William & Co. IL now owns 824,499 shares of the business services provider’s stock worth $2,424,000 after buying an additional 11,056 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Trading Down 1.5 %

Shares of III stock opened at $3.20 on Monday. 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 firm has a market cap of $157.02 million, a P/E ratio of -45.71, a PEG ratio of 1.21 and a beta of 1.00. Information Services Group, Inc. has a 1-year low of $2.92 and a 1-year high of $4.82. The firm’s 50-day simple moving average is $3.41 and its 200-day simple moving average is $3.31.

Information Services Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date of this dividend was Tuesday, December 3rd. Information Services Group’s payout ratio is currently -257.11%.

Insider Buying and Selling

In other Information Services Group news, Director Kalpana Raina sold 15,075 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $3.35, for a total transaction of $50,501.25. Following the transaction, the director now owns 359,338 shares in the company, valued at $1,203,782.30. The trade was a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 44,931 shares of company stock valued at $150,425. 16.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barrington Research upped their price objective on shares of Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a research note on Monday, November 11th. Singular Research raised Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, StockNews.com raised 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.