Short Interest in Information Services Group, Inc. (NASDAQ:III) Decreases By 7.1%

Information Services Group, Inc. (NASDAQ:IIIGet Rating) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 937,900 shares, a drop of 7.1% from the October 15th total of 1,010,000 shares. Approximately 2.9% of the shares of the company are short sold. Based on an average trading volume of 159,200 shares, the short-interest ratio is currently 5.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of III. JPMorgan Chase & Co. lifted its position in Information Services Group by 6,274.8% in the second quarter. JPMorgan Chase & Co. now owns 2,741,790 shares of the business services provider’s stock worth $18,534,000 after purchasing an additional 2,698,780 shares during the period. SVB Wealth LLC bought a new position in Information Services Group in the second quarter worth $13,792,000. LSV Asset Management lifted its position in Information Services Group by 1,206.6% in the third quarter. LSV Asset Management now owns 1,262,490 shares of the business services provider’s stock worth $6,009,000 after purchasing an additional 1,165,869 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Information Services Group in the first quarter worth $3,201,000. Finally, State Street Corp lifted its holdings in shares of Information Services Group by 230.6% during the second quarter. State Street Corp now owns 406,580 shares of the business services provider’s stock valued at $2,748,000 after acquiring an additional 283,600 shares during the period. 62.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

III has been the topic of several research analyst reports. Barrington Research lowered their price objective on shares of Information Services Group from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 9th. StockNews.com downgraded shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Information Services Group Stock Down 2.4 %

Shares of III stock opened at $5.61 on Thursday. The stock has a market cap of $269.28 million, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 0.80 and a beta of 0.85. Information Services Group has a one year low of $4.50 and a one year high of $9.68. The stock has a fifty day moving average price of $5.13 and a 200 day moving average price of $5.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.25 and a quick ratio of 2.25.

Information Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, December 5th will be given a $0.04 dividend. The ex-dividend date is Friday, December 2nd. This represents a $0.16 annualized dividend and a yield of 2.85%. Information Services Group’s dividend payout ratio (DPR) is currently 42.11%.

About Information Services Group

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Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.

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