Insider Selling: Information Services Group, Inc. (NASDAQ:III) Director Sells 15,075 Shares of Stock

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 15,075 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $3.35, for a total value of $50,501.25. Following the sale, the director now directly owns 359,338 shares of the company’s stock, valued at $1,203,782.30. This represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Kalpana Raina also recently made the following trade(s):

• On Friday, November 15th, Kalpana Raina sold 3,369 shares of Information Services Group stock. The shares were sold at an average price of $3.35, for a total transaction of $11,286.15.
• On Wednesday, November 13th, Kalpana Raina sold 18,795 shares of Information Services Group stock. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05.

Information Services Group Stock Performance

Shares of NASDAQ:III opened at $3.25 on Thursday. 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 $159.48 million, a price-to-earnings ratio of -46.42, a price-to-earnings-growth ratio of 2.65 and a beta of 0.96. The firm has a 50 day moving average of $3.21 and a 200 day moving average of $3.22. Information Services Group, Inc. has a 52 week low of $2.92 and a 52 week high of $4.98.

Information Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a $0.045 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a yield of 5.54%. Information Services Group’s dividend payout ratio is presently -257.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of III. Vanguard Group Inc. lifted its position in Information Services Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock valued at $8,760,000 after acquiring an additional 15,028 shares during the last quarter. Blair William & Co. IL grew its stake in Information Services Group by 1.4% during the 2nd quarter. Blair William & Co. IL now owns 824,499 shares of the business services provider’s stock worth $2,424,000 after buying an additional 11,056 shares during the last quarter. Geode Capital Management LLC grew its stake in Information Services Group by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock worth $2,709,000 after buying an additional 70,135 shares during the last quarter. State Street Corp raised its stake in Information Services Group by 3.2% in the third quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock valued at $1,934,000 after buying an additional 17,796 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Information Services Group by 107.4% in the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock worth $1,665,000 after acquiring an additional 293,328 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Analysts Set New Price Targets

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

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.