Themes Management Co LLC Takes Position in Information Services Group, Inc. $III

Themes Management Co LLC bought a new stake in shares of Information Services Group, Inc. (NASDAQ:III) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 310,400 shares of the business services provider’s stock, valued at approximately $1,192,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. raised its holdings in Information Services Group by 68.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 806,703 shares of the business services provider’s stock worth $4,663,000 after purchasing an additional 326,385 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Information Services Group by 68.8% during the 4th quarter. Ritholtz Wealth Management now owns 539,232 shares of the business services provider’s stock valued at $3,117,000 after buying an additional 219,723 shares in the last quarter. Legato Capital Management LLC boosted its stake in Information Services Group by 475.3% during the fourth quarter. Legato Capital Management LLC now owns 241,463 shares of the business services provider’s stock worth $1,396,000 after acquiring an additional 199,490 shares in the last quarter. North Star Investment Management Corp. boosted its position in shares of Information Services Group by 2,477.7% in the 1st quarter. North Star Investment Management Corp. now owns 128,883 shares of the business services provider’s stock worth $495,000 after purchasing an additional 123,883 shares in the last quarter. Finally, Potomac Capital Management Inc. purchased a new stake in shares of Information Services Group in the 4th quarter worth approximately $1,687,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Price Performance

Shares of NASDAQ III opened at $3.86 on Friday. Information Services Group, Inc. has a twelve month low of $3.74 and a twelve month high of $6.45. The firm has a market cap of $184.66 million, a P/E ratio of 19.30, a PEG ratio of 0.83 and a beta of 1.10. The company has a 50 day moving average of $4.17 and a 200 day moving average of $4.48. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.63.

Information Services Group (NASDAQ:III) last issued its 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. 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 return on equity of 12.92% and a net margin of 4.29%. As a group, research analysts expect that Information Services Group, Inc. will post 0.27 EPS for the current fiscal year.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, June 5th. Information Services Group’s dividend payout ratio is presently 90.00%.

Wall Street Analysts Forecast Growth

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

Information Services Group Company Profile

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.