Williams & Novak LLC Has $146,000 Position in Information Services Group, Inc. (NASDAQ:III)

Williams & Novak LLC increased its holdings in shares of Information Services Group, Inc. (NASDAQ:IIIFree Report) by 10.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 43,775 shares of the business services provider’s stock after purchasing an additional 4,080 shares during the period. Williams & Novak LLC owned approximately 0.09% of Information Services Group worth $146,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of Information Services Group by 52.5% during the third quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock valued at $334,000 after buying an additional 34,816 shares during the last quarter. Geode Capital Management LLC increased its stake in Information Services Group by 9.3% during the third quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock valued at $2,709,000 after acquiring an additional 70,135 shares during the period. State Street Corp raised its holdings in Information Services Group by 3.2% in the 3rd quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock valued at $1,934,000 after acquiring an additional 17,796 shares in the last quarter. Equitable Trust Co. lifted its position in shares of 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 worth $572,000 after acquiring an additional 7,515 shares during the period. Finally, AQR Capital Management LLC bought a new stake in shares of Information Services Group in the 2nd quarter worth approximately $57,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on III

Information Services Group Trading Down 1.5 %

Shares of NASDAQ:III opened at $3.21 on Wednesday. The company has a 50 day moving average of $3.40 and a 200-day moving average of $3.31. Information Services Group, Inc. has a one year low of $2.92 and a one year high of $4.76. 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 (NASDAQ:IIIGet Free Report) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). Information Services Group had a positive return on equity of 4.43% and a negative net margin of 1.20%. The company had revenue of $61.28 million during the quarter, compared to the consensus estimate of $61.59 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. On average, sell-side analysts anticipate that Information Services Group, Inc. will post 0.09 EPS for the current fiscal year.

Information Services Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend was Tuesday, December 3rd. Information Services Group’s dividend payout ratio (DPR) is -257.11%.

Information Services Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Information Services Group (NASDAQ:III)

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