Copeland Capital Management LLC Acquires Shares of 9,772 Information Services Group, Inc. (NASDAQ:III)

Copeland Capital Management LLC acquired a new stake in Information Services Group, Inc. (NASDAQ:III) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 9,772 shares of the business services provider’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its stake in shares of Information Services Group by 107.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock valued at $1,665,000 after purchasing an additional 293,328 shares during the last quarter. Blair William & Co. IL increased its stake in shares of Information Services Group by 6.1% in the 1st quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock valued at $3,286,000 after purchasing an additional 46,799 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Information Services Group in the 1st quarter valued at $45,000. Arkadios Wealth Advisors bought a new position in shares of Information Services Group in the 2nd quarter valued at $32,000. Finally, Vanguard Group Inc. increased its stake in shares of Information Services Group by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock valued at $8,760,000 after purchasing an additional 15,028 shares during the last quarter. Institutional investors own 73.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on III shares. Barrington Research reiterated an “outperform” rating and issued a $3.50 price target on shares of Information Services Group in a research note on Thursday, October 3rd. Singular Research upgraded Information Services Group to a “moderate buy” rating in a research report on Wednesday, August 28th.

Information Services Group Stock Performance

Shares of III stock opened at $3.07 on Wednesday. The firm has a market capitalization of $149.40 million, a P/E ratio of -153.50, a P/E/G ratio of 2.56 and a beta of 0.95. Information Services Group, Inc. has a twelve month low of $2.92 and a twelve month 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 stock’s fifty day simple moving average is $3.25 and its 200 day simple moving average is $3.27.

Information Services Group (NASDAQ:III) last issued its quarterly earnings data on Monday, August 5th. The business services provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $64.26 million for the quarter, compared to analyst estimates of $65.51 million. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. As a group, sell-side analysts predict that Information Services Group, Inc. will post 0.09 EPS for the current fiscal year.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 6th were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 5.86%. The ex-dividend date was Friday, September 6th. Information Services Group’s payout ratio is presently -900.00%.

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.