Barclays PLC Acquires 34,816 Shares of Information Services Group, Inc. (NASDAQ:III)

Barclays PLC boosted its holdings in Information Services Group, Inc. (NASDAQ:IIIFree Report) by 52.5% in the third quarter, Holdings Channel reports. The firm owned 101,111 shares of the business services provider’s stock after purchasing an additional 34,816 shares during the quarter. Barclays PLC’s holdings in Information Services Group were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp lifted 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 acquiring an additional 17,796 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Information Services Group in the third quarter valued at $60,000. GSA Capital Partners LLP lifted its stake in Information Services Group by 30.7% in the third quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock valued at $366,000 after acquiring an additional 26,019 shares during the last quarter. Equitable Trust Co. lifted its stake in Information Services Group by 4.5% in the third quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock valued at $572,000 after acquiring an additional 7,515 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new stake in Information Services Group in the third quarter valued at $32,000. Institutional investors own 73.10% of the company’s stock.

Insider Transactions at Information Services Group

In other Information Services Group news, Director Kalpana Raina sold 15,075 shares of Information Services Group stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $3.35, for a total value of $50,501.25. Following the completion of the sale, the director now owns 359,338 shares in the company, valued at $1,203,782.30. The trade was a 4.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 44,931 shares of company stock worth $150,425. 16.00% of the stock is owned by insiders.

Information Services Group Stock Performance

NASDAQ III opened at $3.30 on Friday. The firm has a 50-day moving average of $3.42 and a 200-day moving average of $3.29. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market cap of $161.94 million, a PE ratio of -47.14, a P/E/G ratio of 2.95 and a beta of 1.00. Information Services Group, Inc. has a 52-week low of $2.92 and a 52-week high of $4.82.

Information Services Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend was Tuesday, December 3rd. Information Services Group’s dividend payout ratio is presently -257.14%.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on III

About Information Services Group

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Information Services Group (NASDAQ:III)

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