Relyea Zuckerberg Hanson LLC Lowers Stake in Information Services Group, Inc. $III

Relyea Zuckerberg Hanson LLC reduced its stake in shares of Information Services Group, Inc. (NASDAQ:III) by 11.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 127,575 shares of the business services provider’s stock after selling 16,000 shares during the period. Relyea Zuckerberg Hanson LLC owned approximately 0.26% of Information Services Group worth $612,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blair William & Co. IL raised its position in Information Services Group by 6.5% during the first quarter. Blair William & Co. IL now owns 881,294 shares of the business services provider’s stock valued at $3,446,000 after purchasing an additional 54,056 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Information Services Group by 1.2% during 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. Equitable Trust Co. increased its position in shares of Information Services Group by 6.5% during the 1st quarter. Equitable Trust Co. now owns 169,587 shares of the business services provider’s stock valued at $663,000 after purchasing an additional 10,285 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Information Services Group by 27.0% during the 4th quarter. Two Sigma Investments LP now owns 131,101 shares of the business services provider’s stock valued at $438,000 after buying an additional 27,907 shares in the last quarter. Finally, Bank of America Corp DE lifted its position 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 during the last quarter. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports 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 restated an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a report on Friday, July 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Information Services Group in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.50.

Information Services Group Stock Performance

NASDAQ:III opened at $5.77 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.43 and a current ratio of 2.43. Information Services Group, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $6.01. The firm has a market cap of $278.06 million, a PE ratio of 38.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The business has a 50 day moving average price of $5.08 and a 200-day moving average price of $4.61.

Information Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 5th were issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, September 5th. Information Services Group’s dividend payout ratio (DPR) is 120.00%.

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.