Information Services Group, Inc. (NASDAQ:III) Stock Position Raised by EMC Capital Management

EMC Capital Management lifted its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 277.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,184 shares of the business services provider’s stock after buying an additional 12,629 shares during the period. EMC Capital Management’s holdings in Information Services Group were worth $69,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of III. Blair William & Co. IL boosted its stake in Information Services Group by 6.1% during the 1st quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock valued at $3,286,000 after purchasing an additional 46,799 shares during the period. Summit Global Investments lifted its stake in shares of Information Services Group by 21.1% in the 4th quarter. Summit Global Investments now owns 22,349 shares of the business services provider’s stock worth $105,000 after acquiring an additional 3,900 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Information Services Group in the 4th quarter worth approximately $72,000. Equitable Trust Co. lifted its stake in shares of Information Services Group by 14.7% in the 4th quarter. Equitable Trust Co. now owns 129,312 shares of the business services provider’s stock worth $609,000 after acquiring an additional 16,580 shares during the period. Finally, Quadrature Capital Ltd lifted its stake in shares of Information Services Group by 88.0% in the 1st quarter. Quadrature Capital Ltd now owns 26,249 shares of the business services provider’s stock worth $106,000 after acquiring an additional 12,289 shares during the period. Institutional investors own 73.10% of the company’s stock.

Information Services Group Stock Down 1.5 %

III stock opened at $3.26 on Friday. Information Services Group, Inc. has a 12 month low of $2.92 and a 12 month high of $5.36. The firm has a 50 day simple moving average of $3.20 and a 200 day simple moving average of $3.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.23 and a quick ratio of 2.23.

Information Services Group (NASDAQ:III) last released its earnings results on Thursday, May 9th. The business services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). Information Services Group had a negative net margin of 0.26% and a positive return on equity of 7.81%. The business had revenue of $64.27 million for the quarter, compared to analyst estimates of $66.05 million. On average, research analysts anticipate that Information Services Group, Inc. will post 0.12 EPS for the current year.

Information Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 14th were issued a dividend of $0.045 per share. The ex-dividend date was Friday, June 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.52%. Information Services Group’s dividend payout ratio is currently -900.00%.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $3.50 price target on shares of Information Services Group in a research note on Friday, July 12th.

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.