Unified Investment Management Reduces Stock Position in Information Services Group, Inc. $III

Unified Investment Management trimmed its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 9.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,674 shares of the business services provider’s stock after selling 3,500 shares during the period. Unified Investment Management owned about 0.07% of Information Services Group worth $162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of Information Services Group by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock valued at $1,150,000 after purchasing an additional 3,453 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Information Services Group by 22.5% during the 1st quarter. Invesco Ltd. now owns 20,546 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 3,780 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Information Services Group during the 4th quarter valued at $34,000. Equitable Trust Co. lifted its holdings in Information Services Group by 6.5% in the 1st quarter. Equitable Trust Co. now owns 169,587 shares of the business services provider’s stock worth $663,000 after buying an additional 10,285 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Information Services Group by 10.2% in the 4th quarter. Bank of America Corp DE now owns 116,000 shares of the business services provider’s stock worth $387,000 after buying an additional 10,729 shares in the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

Information Services Group Stock Up 4.5%

III stock opened at $5.62 on Tuesday. Information Services Group, Inc. has a 12 month low of $2.95 and a 12 month high of $5.68. The firm has a 50 day simple moving average of $4.88 and a 200 day simple moving average of $4.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a market cap of $270.83 million, a PE ratio of 37.47, a P/E/G ratio of 1.42 and a beta of 1.28.

Information Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.045 per share. The ex-dividend date is Friday, September 5th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.2%. Information Services Group’s payout ratio is currently 120.00%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on III. Wall Street Zen raised shares of Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Barrington Research reissued an “outperform” rating and issued a $5.50 target price on shares of Information Services Group in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Information Services Group currently has an average rating of “Buy” and a consensus price target of $5.50.

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.