Information Services Group, Inc. $III Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its holdings in Information Services Group, Inc. (NASDAQ:III) by 13.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 392,559 shares of the business services provider’s stock after selling 60,616 shares during the quarter. Acadian Asset Management LLC owned 0.81% of Information Services Group worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC acquired a new stake in Information Services Group in the 4th quarter valued at about $34,000. Everstar Asset Management LLC acquired a new stake in Information Services Group in the 1st quarter valued at about $43,000. Invesco Ltd. lifted its holdings in Information Services Group by 22.5% in the 1st quarter. Invesco Ltd. now owns 20,546 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 3,780 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Information Services Group in the 1st quarter valued at about $83,000. Finally, MetLife Investment Management LLC acquired a new stake in Information Services Group in the 1st quarter valued at about $85,000. 73.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on III shares. Wall Street Zen upgraded Information Services Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Barrington Research restated an “outperform” rating and set a $5.50 price objective on shares of Information Services Group in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $5.50.

Information Services Group Trading Down 0.6%

NASDAQ:III opened at $5.33 on Wednesday. The stock’s 50 day moving average price is $4.84 and its 200 day moving average price is $4.39. Information Services Group, Inc. has a 52 week low of $2.95 and a 52 week high of $5.38. The company has a market capitalization of $256.85 million, a P/E ratio of 35.54, a P/E/G ratio of 1.42 and a beta of 1.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.43 and a current ratio of 2.43.

Information Services Group Announces Dividend

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