Information Services Group, Inc. (NASDAQ:III – Get Rating) Director Bruce Pfau sold 13,560 shares 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 completion of the sale, the director now owns 132,704 shares of the company, valued at approximately $879,827.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink.
Shares of the information services group traded down $0.11 on Monday, hitting $6.36. 299,341 shares of the company were traded, against an average volume of 321,099. Information Services Group, Inc. has a 52-week low of $5.37 and a 52-week high of $9.70. The company has a 50-day moving average of $6.45 and a 200-day moving average of $7.06. The company has a market capitalization of $306.02 million, a PE ratio of 19.03, a PEG ratio of 1.07 and a beta of 0.74. The company has a debt ratio of 0.70, a current ratio of 2.02 and a quick ratio of 2.02.
Information Services Group (NASDAQ:III – Get Rating) last released its results on Thursday, March 10. The business services provider reported earnings per share (EPS) of $0.08 for the quarter, beating analyst consensus estimates of $0.07 by $0.01. The information services group achieved a return on equity of 19.97% and a net margin of 6.00%. The company posted revenue of $69.57 million in the quarter, versus a consensus estimate of $67.98 million. As a group, analysts expect Information Services Group, Inc. to post 0.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 17. Shareholders of record on Friday, June 3 will receive a dividend of $0.04 per share. This represents a dividend of $0.16 on an annualized basis and a yield of 2.52%. The ex-date of this dividend is Thursday, June 2. This is a positive change from the Information Services Group’s previous quarterly dividend of $0.03. The Information Services Group’s dividend payout ratio (DPR) is currently 47.06%.
III has been the subject of several analyst reports. StockNews.com began covering Information Services Group stocks in a research note on Thursday, March 31. They issued a “Strong Buy” rating for the company. Raymond James lowered his price target on Information Services Group from CA$37.00 to CA$29.00 in a Tuesday, February 22 report.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Counterpoint Mutual Funds LLC bought a new position in Information Services Group in Q4 for a value of approximately $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. Royal Bank of Canada increased its position in shares of the Information Services Group by 30.7% in the second quarter. Royal Bank of Canada now owns 9,976 shares of the business services provider valued at $58,000 after buying 2,343 more shares last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Information Services Group during Q3 at a value of $72,000. Finally, Ergoteles LLC acquired a new stake in Information Services Group during the 1st quarter for a value of approximately $73,000. 52.73% of the shares are currently held by institutional investors.
About the Information Services Group (Get an evaluation)
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 risk management; network operator; technology strategy and operations design; change management; and business information and technology research and analysis services.
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