Bailard Inc. reduced its stake in Information Services Group, Inc. (NASDAQ:III – Get Rating) by 11.6% during the first quarter, according to its most recent disclosure to the Securities and Exchange Commission. The institutional investor held 53,888 shares of the business services provider after selling 7,100 shares during the period. Bailard Inc. owned approximately 0.11% of Information Services Group worth $367,000 at the time of its last filing with the Securities and Exchange Commission.
Other institutional investors have also increased or reduced their stake in the company. Counterpoint Mutual Funds LLC bought a new position in shares of Information Services Group in the fourth quarter worth $25,000. First Quadrant LP CA bought a new position in shares of the information services group in the fourth quarter at a value of $37,000. HighTower Advisors LLC increased its stake in Information Services Group shares by 19.3% in the fourth quarter. HighTower Advisors LLC now owns 12,364 shares of the business services provider valued at $94,000 after buying an additional 2,000 shares last quarter. Lazard Asset Management LLC increased its stake in shares of Information Services Group by 16.0% in the fourth quarter. Lazard Asset Management LLC now owns 16,196 shares of the business services provider valued at $123,000 after buying 2,228 additional shares last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of the Information Services Group in the fourth quarter at a value of $128,000. 52.73% of the shares are currently held by hedge funds and other institutional investors.
Separately, director Bruce Pfau sold 13,560 shares of the company in a trade dated Thursday, June 2. The shares were sold at an average price of $6.63, for a total transaction of $89,902.80. Following the transaction, the administrator now directly owns 132,704 shares of the company, valued at $879,827.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. 15.30% of the shares are held by insiders of the company.
III opened at $7.03 on Monday. The company has a debt ratio of 0.70, a current ratio of 2.02 and a quick ratio of 2.02. The company’s 50-day moving average is $6.26 and its 200-day moving average is $6.73. Information Services Group, Inc. has a fifty-two week minimum of $5.41 and a fifty-two week maximum of $9.70. The company has a market capitalization of $338.26 million, a P/E ratio of 20.68, a PEG ratio of 1.17 and a beta of 0.67.
Information Services Group (NASDAQ:III – Get Rating) last released its quarterly results on Monday, May 9. The business services provider reported earnings per share of $0.10 for the quarter, beating consensus analyst estimates of $0.05 by $0.05. The information services group achieved a net margin of 6.00% and a return on equity of 19.97%. The company posted revenue of $72.56 million for the quarter, versus analyst estimates of $70.06 million. On average, equity research analysts expect Information Services Group, Inc. to post earnings per share of 0.34 for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 17. Investors of record on Friday, June 3 received a dividend of $0.04 per share. This is a positive change from the Information Services Group’s previous quarterly dividend of $0.03. This represents a dividend of $0.16 on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Thursday, June 2. The Information Services Group’s dividend payout ratio (DPR) is currently 47.06%.
Separately, StockNews.com began covering Information Services Group stocks in a research note on Thursday, March 31. They issued a “Strong Buy” rating on the stock.
Information Services Group Company Profile (Get a rating)
Information Services Group, Inc, together with its subsidiaries, operates as a research and technology consulting company in the Americas, Europe and Asia-Pacific. The company offers digital transformation services, including automation, cloud and data analytics; procurement advice; governance and controlled risks; network operator; technology strategy and operations design; change management; and business information and technology research and analysis services.
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