Bank of America Corp DE Increases Stock Holdings in Information Services Group, Inc. (NASDAQ:III)

Bank of America Corp DE increased its stake in shares of Information Services Group, Inc. (NASDAQ:III) by 10.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,000 shares of the business services provider’s stock after purchasing an additional 10,729 shares during the quarter. Bank of America Corp DE owned 0.24% of Information Services Group worth $387,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of Information Services Group during the 4th quarter worth $698,000. Mercer Global Advisors Inc. ADV purchased a new stake in Information Services Group in the 4th quarter valued at about $38,000. Private Capital Management LLC grew its holdings in Information Services Group by 2.9% in the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider’s stock valued at $18,422,000 after buying an additional 159,141 shares during the period. Dimensional Fund Advisors LP grew its holdings in Information Services Group by 4.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,446,982 shares of the business services provider’s stock valued at $4,833,000 after buying an additional 63,699 shares during the period. Finally, Barclays PLC lifted its stake in shares of Information Services Group by 9.3% in the 4th 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 in the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Sidoti raised Information Services Group to a “hold” rating in a research note on Monday, May 12th. Wall Street Zen downgraded Information Services Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 6th. Finally, Barrington Research upped their price objective on Information Services Group from $3.75 to $5.50 and gave the stock an “outperform” rating in a research note on Monday, May 12th.

Information Services Group Trading Down 0.8%

Shares of Information Services Group stock opened at $4.78 on Friday. 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 firm has a market cap of $230.42 million, a price-to-earnings ratio of -68.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.23. The business has a fifty day simple moving average of $4.23 and a 200-day simple moving average of $3.68. Information Services Group, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $5.05.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Friday, June 6th. Information Services Group’s dividend payout ratio is 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.