Bank of New York Mellon Corp Buys 18,421 Shares of Information Services Group, Inc. (NASDAQ:III)

Bank of New York Mellon Corp boosted its stake in Information Services Group, Inc. (NASDAQ:III) by 5.5% during the second quarter, HoldingsChannel reports. The firm owned 353,188 shares of the business services provider’s stock after buying an additional 18,421 shares during the period. Bank of New York Mellon Corp’s holdings in Information Services Group were worth $1,038,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. CHICAGO TRUST Co NA purchased a new stake in Information Services Group in the second quarter worth approximately $30,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Information Services Group in the 1st quarter valued at $45,000. EMC Capital Management grew its holdings in shares of Information Services Group by 277.3% during the 1st quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 12,629 shares during the last quarter. Quadrature Capital Ltd raised its position in 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 purchasing an additional 12,289 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its stake in Information Services Group by 84.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 43,580 shares of the business services provider’s stock worth $128,000 after purchasing an additional 19,960 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors.

Information Services Group Trading Down 2.8 %

NASDAQ:III opened at $3.17 on Friday. The firm has a market capitalization of $154.27 million, a P/E ratio of -158.50, a P/E/G ratio of 2.10 and a beta of 0.95. Information Services Group, Inc. has a 52 week low of $2.92 and a 52 week high of $4.98. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average of $3.33 and a 200 day moving average of $3.42.

Information Services Group (NASDAQ:III) last announced its earnings results on Monday, August 5th. The business services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. The company had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.51 million. On average, research analysts predict that Information Services Group, Inc. will post 0.1 earnings per share for the current year.

Information Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 6th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, September 6th. This represents a $0.18 annualized dividend and a yield of 5.68%. Information Services Group’s payout ratio is -900.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on III. Barrington Research reaffirmed an “outperform” rating and set a $3.50 price objective on shares of Information Services Group in a research note on Wednesday, August 7th. Singular Research raised Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th.

Information Services Group Profile

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.