Potomac Capital Management Inc. Acquires Shares of 291,800 Information Services Group, Inc. $III

Potomac Capital Management Inc. bought a new stake in Information Services Group, Inc. (NASDAQ:III) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 291,800 shares of the business services provider’s stock, valued at approximately $1,687,000. Information Services Group accounts for about 1.4% of Potomac Capital Management Inc.’s portfolio, making the stock its 21st biggest position. Potomac Capital Management Inc. owned about 0.61% of Information Services Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in III. Tower Research Capital LLC TRC raised its stake in shares of Information Services Group by 250.1% in the second quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 7,177 shares during the period. American Century Companies Inc. purchased a new stake in shares of Information Services Group in the second quarter valued at $53,000. BNP Paribas Financial Markets raised its stake in shares of Information Services Group by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 3,739 shares during the period. Centiva Capital LP purchased a new stake in shares of Information Services Group in the third quarter valued at $68,000. Finally, SG Americas Securities LLC raised its stake in shares of Information Services Group by 22.6% in the fourth quarter. SG Americas Securities LLC now owns 12,754 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 2,351 shares during the period. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Trading Down 0.7%

NASDAQ III opened at $4.22 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.65 and a current ratio of 2.65. The company has a market capitalization of $201.88 million, a price-to-earnings ratio of 21.10, a price-to-earnings-growth ratio of 0.92 and a beta of 1.09. The company’s 50-day simple moving average is $4.19 and its two-hundred day simple moving average is $4.86. Information Services Group, Inc. has a one year low of $3.74 and a one year high of $6.45.

Information Services Group (NASDAQ:III) last posted its earnings results on Thursday, May 7th. The business services provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $61.18 million for the quarter, compared to the consensus estimate of $60.85 million. Information Services Group had a net margin of 4.29% and a return on equity of 12.92%. Equities analysts forecast that Information Services Group, Inc. will post 0.27 EPS for the current fiscal year.

Information Services Group Announces Dividend

The firm also recently announced 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 90.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on III shares. Barrington Research reissued an “outperform” rating and issued a $5.50 target price on shares of Information Services Group in a research note on Thursday, April 16th. Wall Street Zen downgraded shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Information Services Group presently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

About Information Services Group

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.