JPMorgan Chase & Co. Sells 625,690 Shares of Information Services Group, Inc. (NASDAQ:III)

JPMorgan Chase & Co. lowered its position in Information Services Group, Inc. (NASDAQ:III) by 67.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,730 shares of the business services provider’s stock after selling 625,690 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.61% of Information Services Group worth $983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Information Services Group by 9.3% in the 3rd 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. State Street Corp lifted its stake in Information Services Group by 3.2% in the third quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock worth $1,934,000 after purchasing an additional 17,796 shares during the last quarter. Equitable Trust Co. boosted its position in Information Services Group by 4.5% during the third quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock valued at $572,000 after buying an additional 7,515 shares during the period. GSA Capital Partners LLP grew its stake in shares of Information Services Group by 30.7% during the third quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock valued at $366,000 after buying an additional 26,019 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Information Services Group by 52.5% in the third quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock worth $334,000 after buying an additional 34,816 shares during the period. 73.10% of the stock is currently owned by institutional investors.

Information Services Group Stock Up 0.3 %

Shares of III stock opened at $3.24 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group, Inc. has a 12 month low of $2.92 and a 12 month high of $4.82. The stock has a market cap of $158.99 million, a P/E ratio of -46.28, a P/E/G ratio of 1.28 and a beta of 1.00. The company has a 50 day simple moving average of $3.40 and a two-hundred day simple moving average of $3.31.

Information Services Group (NASDAQ:III) last released its earnings results on Thursday, November 7th. The business services provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The company had revenue of $61.28 million for the quarter, compared to analysts’ expectations of $61.59 million. Information Services Group had a negative net margin of 1.20% and a positive return on equity of 4.43%. During the same quarter last year, the firm posted $0.08 earnings per share. On average, research analysts expect that Information Services Group, Inc. will post 0.09 earnings per share for the current year.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were paid a $0.045 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a yield of 5.56%. Information Services Group’s payout ratio is presently -257.14%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Information Services Group

In other news, Director Kalpana Raina sold 15,075 shares of the firm’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 completion of the transaction, the director now owns 359,338 shares in the company, valued at $1,203,782.30. This trade represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 44,931 shares of company stock valued at $150,425 over the last ninety days. 16.00% of the stock is currently owned by company insiders.

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.