Legato Capital Management LLC Raises Stock Holdings in Information Services Group, Inc. $III

Legato Capital Management LLC boosted its stake in Information Services Group, Inc. (NASDAQ:III) by 475.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 241,463 shares of the business services provider’s stock after buying an additional 199,490 shares during the period. Legato Capital Management LLC owned approximately 0.50% of Information Services Group worth $1,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of III. BNP Paribas Financial Markets boosted its position in shares of Information Services Group by 65.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after purchasing an additional 3,739 shares during the period. Tower Research Capital LLC TRC raised its position in 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 purchasing an additional 7,177 shares during the period. SG Americas Securities LLC purchased a new stake in Information Services Group in the third quarter valued at approximately $60,000. American Century Companies Inc. purchased a new stake in Information Services Group in the second quarter valued at approximately $53,000. Finally, Centiva Capital LP purchased a new stake in Information Services Group in the third quarter valued at approximately $68,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

III has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Information Services Group in a research report on Wednesday, January 28th. Wall Street Zen lowered Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Barrington Research reissued an “outperform” rating and issued a $5.50 target price on shares of Information Services Group in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Information Services Group Price Performance

Shares of NASDAQ:III opened at $4.44 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.65 and a quick ratio of 2.65. The firm has a market capitalization of $212.41 million, a PE ratio of 22.20, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The firm’s 50-day moving average is $4.07 and its two-hundred day moving average is $4.95. Information Services Group, Inc. has a 1 year low of $3.74 and a 1 year high of $6.45.

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

Information Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.045 per share. The ex-dividend date is Friday, June 5th. This represents a $0.18 dividend on an annualized basis and a yield of 4.1%. Information Services Group’s dividend payout ratio is 90.00%.

Information Services Group 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.