Geode Capital Management LLC Boosts Stock Holdings in Information Services Group, Inc. (NASDAQ:III)

Geode Capital Management LLC lifted its holdings in Information Services Group, Inc. (NASDAQ:III) by 9.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 820,929 shares of the business services provider’s stock after purchasing an additional 70,135 shares during the period. Geode Capital Management LLC owned about 1.67% of Information Services Group worth $2,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blair William & Co. IL lifted its position 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 valued at $2,424,000 after buying an additional 11,056 shares during the last quarter. State Street Corp raised its stake in shares of Information Services Group by 3.2% during the 3rd quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock worth $1,934,000 after acquiring an additional 17,796 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Information Services Group by 107.4% during the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock valued at $1,665,000 after acquiring an additional 293,328 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Information Services Group by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 353,188 shares of the business services provider’s stock valued at $1,038,000 after acquiring an additional 18,421 shares in the last quarter. Finally, Perritt Capital Management Inc grew its holdings in Information Services Group by 14.5% in the second quarter. Perritt Capital Management Inc now owns 188,894 shares of the business services provider’s stock worth $555,000 after purchasing an additional 23,884 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors.

Insider Activity at Information Services Group

In related news, Director Kalpana Raina sold 18,795 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05. Following the sale, the director now owns 396,261 shares in the company, valued at approximately $1,343,324.79. This trade represents a 4.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 44,931 shares of company stock worth $150,425 over the last three months. Company insiders own 16.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on III. Barrington Research increased their price target on Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com raised shares of Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Singular Research raised shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th.

Information Services Group Trading Down 1.9 %

Information Services Group stock opened at $3.18 on Wednesday. Information Services Group, Inc. has a 52 week low of $2.92 and a 52 week high of $4.82. The stock has a 50-day moving average price of $3.42 and a 200 day moving average price of $3.30. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $156.05 million, a price-to-earnings ratio of -45.42, a price-to-earnings-growth ratio of 2.95 and a beta of 1.00.

Information Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.045 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.18 annualized dividend and a dividend yield of 5.66%. Information Services Group’s dividend payout ratio (DPR) is presently -257.14%.

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.