AQR Capital Management LLC Makes New Investment in Information Services Group, Inc. (NASDAQ:III)

AQR Capital Management LLC purchased a new position in Information Services Group, Inc. (NASDAQ:III) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,340 shares of the business services provider’s stock, valued at approximately $57,000.

Several other institutional investors and hedge funds have also bought and sold shares of III. CHICAGO TRUST Co NA acquired a new stake in shares of 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 second quarter worth $32,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Information Services Group during the first quarter worth $45,000. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 buying an additional 21,390 shares during the period. Finally, EMC Capital Management lifted its stake in shares of Information Services Group by 277.3% during the first quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock worth $69,000 after buying an additional 12,629 shares during the period. 73.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on III shares. Barrington Research reiterated an “outperform” rating and set a $3.50 price objective on shares of Information Services Group in a research note on Thursday, October 3rd. Singular Research upgraded shares of Information Services Group to a “moderate buy” rating in a research report on Wednesday, August 28th.

Information Services Group Trading Down 0.9 %

NASDAQ III opened at $3.15 on Friday. The company has a market capitalization of $153.29 million, a PE ratio of -157.50, a P/E/G ratio of 2.56 and a beta of 0.95. The company has a fifty day moving average of $3.26 and a 200 day moving average of $3.30. Information Services Group, Inc. has a 1 year low of $2.92 and a 1 year high of $4.98. 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 (NASDAQ:III) last released its quarterly earnings data 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 negative net margin of 0.38% and a positive return on equity of 7.48%. The company had revenue of $64.26 million during the quarter, compared to analysts’ expectations of $65.51 million. Research analysts forecast that Information Services Group, Inc. will post 0.09 earnings per share for the current year.

Information Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 6th were issued a $0.045 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.18 dividend on an annualized basis and a yield of 5.71%. Information Services Group’s payout ratio is -900.00%.

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.