Ritholtz Wealth Management Trims Stock Position in Information Services Group, Inc. $III

Ritholtz Wealth Management decreased its position in Information Services Group, Inc. (NASDAQ:III) by 63.5% in the first quarter, Holdings Channel reports. The firm owned 196,720 shares of the business services provider’s stock after selling 342,512 shares during the period. Ritholtz Wealth Management’s holdings in Information Services Group were worth $755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of III. Rhumbline Advisers raised its position in Information Services Group by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 53,200 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 2,251 shares in the last quarter. Everstar Asset Management LLC grew its position in shares of Information Services Group by 10.0% during the 4th quarter. Everstar Asset Management LLC now owns 25,808 shares of the business services provider’s stock worth $149,000 after buying an additional 2,343 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Information Services Group by 22.6% during the fourth quarter. SG Americas Securities LLC now owns 12,754 shares of the business services provider’s stock valued at $74,000 after buying an additional 2,351 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Information Services Group by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock valued at $1,150,000 after buying an additional 3,453 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings 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 in the last quarter. Institutional investors own 73.10% of the company’s stock.

Information Services Group Stock Performance

Shares of Information Services Group stock opened at $4.09 on Tuesday. The company has a market capitalization of $195.67 million, a PE ratio of 20.45, a P/E/G ratio of 0.91 and a beta of 1.09. 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 50-day simple moving average of $4.22 and a two-hundred day simple moving average of $4.73. 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 released its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Information Services Group had a net margin of 4.29% and a return on equity of 12.92%. The business had revenue of $61.18 million during the quarter, compared to analyst estimates of $60.85 million. Research analysts expect that Information Services Group, Inc. will post 0.27 EPS for the current fiscal year.

Information Services Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.18 dividend on an annualized basis and a yield of 4.4%. Information Services Group’s dividend payout ratio is presently 90.00%.

Wall Street Analysts Forecast Growth

III has been the subject of a number of research reports. Wall Street Zen lowered shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Barrington Research reissued an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a research note on Thursday, April 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Information Services Group in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.