Bank of New York Mellon Corp Has $1.15 Million Stake in Information Services Group, Inc. (NASDAQ:III)

Bank of New York Mellon Corp grew its position in Information Services Group, Inc. (NASDAQ:III) by 5.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 344,756 shares of the business services provider’s stock after purchasing an additional 17,629 shares during the quarter. Bank of New York Mellon Corp’s holdings in Information Services Group were worth $1,151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in III. Access Investment Management LLC boosted its position in shares of Information Services Group by 183.8% during the 4th quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider’s stock worth $35,000 after acquiring an additional 6,810 shares in the last quarter. EMC Capital Management lifted its stake in Information Services Group by 67.0% during the fourth quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock worth $57,000 after purchasing an additional 6,896 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Information Services Group in the 3rd quarter valued at $60,000. SG Americas Securities LLC boosted its holdings in shares of Information Services Group by 40.5% in the 4th quarter. SG Americas Securities LLC now owns 20,752 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 5,983 shares in the last quarter. Finally, Williams & Novak LLC increased its stake in shares of Information Services Group by 10.3% in the 4th quarter. Williams & Novak LLC now owns 43,775 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 4,080 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on III. Barrington Research restated an “outperform” rating and set a $3.75 price objective on shares of Information Services Group in a research report on Monday, March 10th. StockNews.com raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 10th.

Information Services Group Stock Performance

Shares of Information Services Group stock opened at $3.71 on Tuesday. The company’s 50 day moving average price is $3.24 and its two-hundred day moving average price is $3.29. The firm has a market capitalization of $179.03 million, a P/E ratio of -52.99, a P/E/G ratio of 1.34 and a beta of 1.15. Information Services Group, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $4.19. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97.

Information Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 21st will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 4.85%. The ex-dividend date is Friday, March 21st. Information Services Group’s dividend payout ratio (DPR) is 360.00%.

Information Services Group Company 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.