Tower Research Capital LLC TRC Has $26,000 Position in Information Services Group, Inc. (NASDAQ:III)

Tower Research Capital LLC TRC increased its stake in shares of Information Services Group, Inc. (NASDAQ:III) by 195.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,710 shares of the business services provider’s stock after purchasing an additional 5,104 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Information Services Group were worth $26,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Information Services Group in the fourth quarter valued at approximately $698,000. Private Capital Management LLC raised its position in shares of Information Services Group by 2.9% in the third quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider’s stock valued at $18,422,000 after purchasing an additional 159,141 shares during the period. Barclays PLC raised its position in shares of Information Services Group by 9.3% in the fourth quarter. Barclays PLC now owns 110,539 shares of the business services provider’s stock valued at $369,000 after purchasing an additional 9,428 shares during the period. Bank of New York Mellon Corp raised its position in shares of Information Services Group by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider’s stock valued at $1,151,000 after purchasing an additional 17,629 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Information Services Group by 40.5% in the fourth quarter. SG Americas Securities LLC now owns 20,752 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 5,983 shares during the period. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

III has been the topic of a number of recent analyst reports. Sidoti raised shares of Information Services Group to a “hold” rating in a research report on Monday, May 12th. StockNews.com lowered shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 12th. Finally, Barrington Research lifted their price target on shares of Information Services Group from $3.75 to $5.50 and gave the company an “outperform” rating in a research report on Monday, May 12th.

Information Services Group Trading Up 2.1%

Shares of III stock opened at $4.90 on Friday. Information Services Group, Inc. has a 1 year low of $2.92 and a 1 year high of $5.05. The firm’s fifty day simple moving average is $3.83 and its 200 day simple moving average is $3.48. The firm has a market capitalization of $236.45 million, a P/E ratio of -69.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69.

Information Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Friday, June 6th. Information Services Group’s dividend payout ratio (DPR) is currently 120.00%.

Information Services Group Profile

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.