Ritholtz Wealth Management Purchases 148,827 Shares of Information Services Group, Inc. $III

Ritholtz Wealth Management boosted its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 87.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,509 shares of the business services provider’s stock after acquiring an additional 148,827 shares during the period. Ritholtz Wealth Management owned 0.66% of Information Services Group worth $1,837,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in III. Cerity Partners LLC grew its holdings in shares of Information Services Group by 15.9% in the second quarter. Cerity Partners LLC now owns 5,023,533 shares of the business services provider’s stock worth $24,113,000 after acquiring an additional 690,957 shares during the period. Acadian Asset Management LLC increased its holdings in Information Services Group by 14.3% in the 2nd quarter. Acadian Asset Management LLC now owns 448,690 shares of the business services provider’s stock worth $2,152,000 after acquiring an additional 56,131 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Information Services Group by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock worth $1,150,000 after buying an additional 3,453 shares during the period. Raymond James Financial Inc. grew its holdings in Information Services Group by 14.9% during the 2nd quarter. Raymond James Financial Inc. now owns 238,052 shares of the business services provider’s stock valued at $1,143,000 after buying an additional 30,781 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new position in shares of Information Services Group during the second quarter worth $673,000. 73.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Michael P. Connors sold 66,196 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $5.26, for a total value of $348,190.96. Following the sale, the chief executive officer owned 5,040,029 shares in the company, valued at approximately $26,510,552.54. The trade was a 1.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 493,703 shares of company stock valued at $2,641,010 in the last quarter. 15.90% of the stock is owned by insiders.

Information Services Group Stock Down 3.1%

Information Services Group stock opened at $5.89 on Monday. Information Services Group, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $6.45. The company has a market cap of $282.01 million, a PE ratio of 31.00, a PEG ratio of 1.17 and a beta of 1.03. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.22 and a current ratio of 2.22. The business’s 50-day simple moving average is $5.70 and its two-hundred day simple moving average is $5.35.

Information Services Group (NASDAQ:III) last announced its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Information Services Group had a return on equity of 9.62% and a net margin of 4.05%.The company had revenue of $62.36 million during the quarter, compared to the consensus estimate of $60.94 million. Equities analysts anticipate that Information Services Group, Inc. will post 0.09 EPS for the current year.

Information Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 5th were given a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, December 5th. Information Services Group’s dividend payout ratio is presently 94.74%.

Wall Street Analyst Weigh In

III has been the subject of several analyst reports. Barrington Research raised their price objective on Information Services Group from $5.50 to $7.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Wall Street Zen lowered shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Information Services Group in a report on Friday, October 31st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.00.

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.