Information Services Group, Inc. $III Stock Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in shares of Information Services Group, Inc. (NASDAQ:III) by 58.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,676 shares of the business services provider’s stock after purchasing an additional 25,751 shares during the period. Hsbc Holdings PLC owned 0.14% of Information Services Group worth $271,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in III. Wells Fargo & Company MN increased its holdings in shares of Information Services Group by 29.3% during the 4th quarter. Wells Fargo & Company MN now owns 20,915 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 4,741 shares during the last quarter. Barclays PLC increased its holdings in shares of Information Services Group by 9.3% during the 4th quarter. Barclays PLC now owns 110,539 shares of the business services provider’s stock valued at $369,000 after acquiring an additional 9,428 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Information Services Group by 4.6% during 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 acquiring an additional 63,699 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Information Services Group by 195.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 5,104 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Information Services Group by 28.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,041 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 3,092 shares during the last quarter. Institutional investors and hedge funds own 73.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on III. Barrington Research reissued an “outperform” rating and set a $5.50 price objective on shares of Information Services Group in a report on Friday, July 18th. Wall Street Zen raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Finally, Sidoti raised Information Services Group to a “hold” rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $5.50.

Information Services Group Stock Performance

III opened at $5.29 on Friday. The stock has a market cap of $254.93 million, a PE ratio of 35.27, a P/E/G ratio of 1.37 and a beta of 1.28. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.63. Information Services Group, Inc. has a 1 year low of $2.95 and a 1 year high of $5.29. The stock’s 50 day simple moving average is $4.79 and its 200-day simple moving average is $4.26.

Information Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 5th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, September 5th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.4%. Information Services Group’s payout ratio is currently 120.00%.

Information Services Group Company 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.