Potomac Capital Management Inc. Invests $1.69 Million in Information Services Group, Inc. $III

Potomac Capital Management Inc. acquired a new position in Information Services Group, Inc. (NASDAQ:III) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 291,800 shares of the business services provider’s stock, valued at approximately $1,687,000. Information Services Group makes up about 1.4% of Potomac Capital Management Inc.’s holdings, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its holdings in Information Services Group by 51.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 771,444 shares of the business services provider’s stock worth $4,459,000 after purchasing an additional 262,509 shares during the last quarter. Vise Technologies Inc. purchased a new position in Information Services Group in the fourth quarter worth $91,000. Goldman Sachs Group Inc. grew its holdings in Information Services Group by 5.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 328,992 shares of the business services provider’s stock worth $1,902,000 after purchasing an additional 18,224 shares during the last quarter. AXQ Capital LP purchased a new position in Information Services Group in the fourth quarter worth $82,000. Finally, Hillsdale Investment Management Inc. grew its holdings in Information Services Group by 68.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 806,703 shares of the business services provider’s stock worth $4,663,000 after purchasing an additional 326,385 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Stock Performance

III opened at $4.22 on Wednesday. Information Services Group, Inc. has a 12-month low of $3.74 and a 12-month high of $6.45. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $201.88 million, a PE ratio of 21.10, a P/E/G ratio of 0.92 and a beta of 1.09. The firm has a 50 day moving average of $4.19 and a two-hundred day moving average of $4.86.

Information Services Group (NASDAQ:III) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Information Services Group had a net margin of 4.29% and a return on equity of 12.92%. The company had revenue of $61.18 million during the quarter, compared to analyst estimates of $60.85 million. On average, analysts anticipate 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 4.3%. Information Services Group’s dividend payout ratio (DPR) is currently 90.00%.

Analyst Ratings Changes

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

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.