Hillsdale Investment Management Inc. Boosts Stock Position in Information Services Group, Inc. $III

Hillsdale Investment Management Inc. lifted its position in Information Services Group, Inc. (NASDAQ:III) by 68.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 806,703 shares of the business services provider’s stock after purchasing an additional 326,385 shares during the quarter. Hillsdale Investment Management Inc. owned 1.68% of Information Services Group worth $4,663,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in Information Services Group by 65.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 3,739 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Information Services Group by 250.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 7,177 shares during the period. SG Americas Securities LLC purchased a new stake in Information Services Group during the 3rd quarter valued at about $60,000. American Century Companies Inc. purchased a new stake in Information Services Group during the 2nd quarter valued at about $53,000. Finally, Centiva Capital LP purchased a new stake in Information Services Group during the 3rd quarter valued at about $68,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

III has been the subject of several analyst reports. Barrington Research restated an “outperform” rating and set a $5.50 target price on shares of Information Services Group in a report on Thursday, April 16th. Wall Street Zen cut Information Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Information Services Group Trading Down 0.6%

III opened at $4.51 on Friday. The business has a 50 day simple moving average of $4.12 and a two-hundred day simple moving average of $4.91. The firm has a market capitalization of $215.52 million, a price-to-earnings ratio of 22.53, a PEG ratio of 0.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.65 and a quick ratio of 2.65. Information Services Group, Inc. has a one year low of $3.74 and a one year high of $6.45.

Information Services Group (NASDAQ:III) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $61.18 million during the quarter, compared to analyst estimates of $60.85 million. Information Services Group had a return on equity of 12.92% and a net margin of 4.29%. Analysts predict that Information Services Group, Inc. will post 0.27 EPS for the current year.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.18 dividend on an annualized basis and a yield of 4.0%. Information Services Group’s dividend payout ratio is presently 90.00%.

Information Services Group Company Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.