Ritholtz Wealth Management Sells 342,512 Shares of Information Services Group, Inc. $III

Ritholtz Wealth Management trimmed its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 63.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,720 shares of the business services provider’s stock after selling 342,512 shares during the quarter. Ritholtz Wealth Management owned 0.41% of Information Services Group worth $755,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in III. Tower Research Capital LLC TRC increased its stake in Information Services Group by 250.1% during the second quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock worth $48,000 after acquiring an additional 7,177 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Information Services Group in the 2nd quarter valued at approximately $53,000. BNP Paribas Financial Markets boosted its holdings in shares of Information Services Group by 65.7% in 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. Verdad Advisers LP purchased a new position in shares of Information Services Group in the 4th quarter worth approximately $67,000. Finally, Centiva Capital LP bought a new position in shares of Information Services Group during the 3rd quarter valued at approximately $68,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Information Services Group in a research report on Tuesday, June 9th. Wall Street Zen cut shares of 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 note on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Information Services Group has a consensus rating of “Moderate Buy” and an average target price of $5.50.

Information Services Group Stock Down 2.6%

Shares of NASDAQ:III opened at $4.09 on Tuesday. The firm has a market capitalization of $195.67 million, a PE ratio of 20.45, a price-to-earnings-growth ratio of 0.91 and a beta of 1.09. The business 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 1 year low of $3.74 and a 1 year high of $6.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.65 and a quick ratio of 2.65.

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. Information Services Group had a return on equity of 12.92% and a net margin of 4.29%.The firm had revenue of $61.18 million during the quarter, compared to analyst estimates of $60.85 million. On average, equities 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 announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, June 5th. Information Services Group’s dividend payout ratio (DPR) is 90.00%.

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.