Goldman Sachs Group Inc. Increases Stake in Information Services Group, Inc. $III

Goldman Sachs Group Inc. raised its position in shares of Information Services Group, Inc. (NASDAQ:III) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 294,007 shares of the business services provider’s stock after buying an additional 3,453 shares during the quarter. Goldman Sachs Group Inc. owned about 0.61% of Information Services Group worth $1,150,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in III. Nuveen LLC acquired a new stake in Information Services Group during the first quarter worth about $267,000. Mackenzie Financial Corp raised its stake in Information Services Group by 396.6% in the 1st quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider’s stock valued at $384,000 after purchasing an additional 78,364 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Information Services Group by 58.6% in the 1st quarter. Hsbc Holdings PLC now owns 69,676 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 25,751 shares in the last quarter. Northern Trust Corp lifted its stake in Information Services Group by 4.4% in the 4th quarter. Northern Trust Corp now owns 303,721 shares of the business services provider’s stock worth $1,014,000 after purchasing an additional 12,814 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Information Services Group by 27.0% during the fourth quarter. Two Sigma Investments LP now owns 131,101 shares of the business services provider’s stock worth $438,000 after purchasing an additional 27,907 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Barrington Research reissued an “outperform” rating and set a $5.50 target price on shares of Information Services Group in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $5.50.

Information Services Group Stock Down 2.9%

Shares of III opened at $5.38 on Monday. The company’s fifty day moving average is $4.87 and its two-hundred day moving average is $4.45. The firm has a market cap of $259.29 million, a PE ratio of 35.87, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. Information Services Group, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $5.60. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.63.

Information Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be issued a dividend of $0.045 per share. The ex-dividend date is Friday, September 5th. This represents a $0.18 annualized dividend and a dividend yield of 3.3%. Information Services Group’s 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.