Mercer Global Advisors Inc. ADV Makes New $38,000 Investment in Information Services Group, Inc. (NASDAQ:III)

Mercer Global Advisors Inc. ADV bought a new position in shares of Information Services Group, Inc. (NASDAQ:III) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,372 shares of the business services provider’s stock, valued at approximately $38,000.

A number of other institutional investors also recently bought and sold shares of III. Raymond James Financial Inc. purchased a new position in Information Services Group during the fourth quarter worth about $698,000. Private Capital Management LLC raised its stake in Information Services Group by 2.9% during the third quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider’s stock worth $18,422,000 after purchasing an additional 159,141 shares during the period. Russell Investments Group Ltd. raised its stake in Information Services Group by 11,468.6% during the fourth quarter. Russell Investments Group Ltd. now owns 115,686 shares of the business services provider’s stock worth $386,000 after purchasing an additional 114,686 shares during the period. Dimensional Fund Advisors LP raised its stake in Information Services Group by 4.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,446,982 shares of the business services provider’s stock worth $4,833,000 after purchasing an additional 63,699 shares during the period. Finally, Unified Investment Management purchased a new position in Information Services Group during the fourth quarter worth about $124,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

Information Services Group Price Performance

Shares of III 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 stock has a market cap of $236.20 million, a PE ratio of -69.99, a P/E/G ratio of 1.34 and a beta of 1.08. The firm has a 50-day simple moving average of $3.83 and a two-hundred day simple moving average of $3.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, June 6th. Information Services Group’s dividend payout ratio is presently 120.00%.

Wall Street Analysts Forecast Growth

III has been the topic of a number of analyst reports. StockNews.com downgraded shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 12th. Sidoti upgraded shares of Information Services Group to a “hold” 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 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.