Two Sigma Investments LP Grows Stock Holdings in Information Services Group, Inc. (NASDAQ:III)

Two Sigma Investments LP boosted its stake in Information Services Group, Inc. (NASDAQ:III) by 27.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,101 shares of the business services provider’s stock after acquiring an additional 27,907 shares during the period. Two Sigma Investments LP owned about 0.27% of Information Services Group worth $438,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of III. Tower Research Capital LLC TRC raised its holdings in shares of Information Services Group by 195.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider’s stock valued at $26,000 after buying an additional 5,104 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in shares of Information Services Group by 47.2% in the fourth quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider’s stock valued at $32,000 after buying an additional 3,110 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of Information Services Group in the fourth quarter valued at about $34,000. Intech Investment Management LLC purchased a new stake in shares of Information Services Group in the fourth quarter valued at about $34,000. Finally, Access Investment Management LLC raised its holdings in shares of Information Services Group by 183.8% in the fourth quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider’s stock valued at $35,000 after buying an additional 6,810 shares during the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on III. Wall Street Zen lowered shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Friday. Barrington Research boosted their price target on shares of Information Services Group from $3.75 to $5.50 and gave the stock an “outperform” rating in a research note on Monday, May 12th. Finally, Sidoti upgraded shares of Information Services Group to a “hold” rating in a research note on Monday, May 12th.

Information Services Group Stock Performance

NASDAQ:III opened at $4.70 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The company has a market cap of $226.56 million, a P/E ratio of -67.13, a P/E/G ratio of 1.34 and a beta of 1.23. Information Services Group, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $5.05. The firm’s 50 day moving average is $4.17 and its two-hundred day moving average is $3.65.

Information Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, June 6th. This represents a $0.18 annualized dividend and a dividend yield of 3.83%. 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.