Healthcare of Ontario Pension Plan Trust Fund Has $1.27 Million Stock Holdings in Information Services Group, Inc. (NASDAQ:III)

Healthcare of Ontario Pension Plan Trust Fund cut its stake in Information Services Group, Inc. (NASDAQ:IIIGet Rating) by 59.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,300 shares of the business services provider’s stock after selling 281,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.39% of Information Services Group worth $1,273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in shares of Information Services Group in the 1st quarter valued at $226,000. Acadian Asset Management LLC increased its stake in shares of Information Services Group by 11.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,704,461 shares of the business services provider’s stock valued at $11,604,000 after purchasing an additional 168,417 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Information Services Group by 200.0% in the 1st quarter. Advisor Group Holdings Inc. now owns 170,442 shares of the business services provider’s stock valued at $1,160,000 after purchasing an additional 113,632 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Information Services Group by 31.3% in the 1st quarter. Qube Research & Technologies Ltd now owns 91,964 shares of the business services provider’s stock valued at $626,000 after purchasing an additional 21,920 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Information Services Group by 74.6% in the 1st quarter. Royal Bank of Canada now owns 10,697 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 4,570 shares during the last quarter. 62.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com lowered Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 15th. Barrington Research reduced their price objective on Information Services Group from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 9th.

Information Services Group Trading Down 1.1 %

Shares of III stock opened at $5.25 on Friday. The firm has a market capitalization of $252 million, a P/E ratio of 13.82, a P/E/G ratio of 0.75 and a beta of 0.85. Information Services Group, Inc. has a twelve month low of $4.50 and a twelve month high of $8.74. The stock’s fifty day simple moving average is $5.12 and its 200 day simple moving average is $5.92. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 0.71.

Information Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, December 5th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, December 2nd. Information Services Group’s payout ratio is presently 42.11%.

Information Services Group Profile

(Get Rating)

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.

Read More

Institutional Ownership by Quarter for Information Services Group (NASDAQ:III)

Receive News & Ratings for Information Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Information Services Group and related companies with MarketBeat.com's FREE daily email newsletter.