Williams & Novak LLC Reduces Position in Information Services Group, Inc. $III

Williams & Novak LLC lessened its stake in shares of Information Services Group, Inc. (NASDAQ:III) by 30.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,600 shares of the business services provider’s stock after selling 11,625 shares during the quarter. Williams & Novak LLC owned approximately 0.06% of Information Services Group worth $128,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in III. Mackenzie Financial Corp lifted its stake in Information Services Group by 396.6% in the first quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider’s stock worth $384,000 after acquiring an additional 78,364 shares during the period. Nuveen LLC purchased a new stake in Information Services Group in the first quarter worth $267,000. Blair William & Co. IL lifted its stake in Information Services Group by 6.5% in the first quarter. Blair William & Co. IL now owns 881,294 shares of the business services provider’s stock worth $3,446,000 after acquiring an additional 54,056 shares during the period. Seizert Capital Partners LLC lifted its stake in Information Services Group by 80.1% in the first quarter. Seizert Capital Partners LLC now owns 101,525 shares of the business services provider’s stock worth $397,000 after acquiring an additional 45,161 shares during the period. Finally, Bailard Inc. purchased a new stake in Information Services Group in the first quarter worth $144,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Stock Down 4.7%

Shares of Information Services Group stock opened at $5.26 on Friday. Information Services Group, Inc. has a 1 year low of $2.95 and a 1 year high of $6.01. 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 company has a 50-day moving average of $5.20 and a 200 day moving average of $4.66. The firm has a market cap of $253.48 million, a price-to-earnings ratio of 35.07, a PEG ratio of 1.50 and a beta of 1.32.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were issued a dividend of $0.045 per share. The ex-dividend date was Friday, September 5th. This represents a $0.18 annualized dividend and a dividend yield of 3.4%. Information Services Group’s dividend payout ratio (DPR) is presently 120.00%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on III. Wall Street Zen raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Barrington Research reissued an “outperform” rating and set a $5.50 price objective on shares of Information Services Group in a research report on Friday, July 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Information Services Group in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Information Services Group currently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

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.