GDS Wealth Management Takes Position in Information Services Group, Inc. $III

GDS Wealth Management acquired a new stake in Information Services Group, Inc. (NASDAQ:III) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 194,513 shares of the business services provider’s stock, valued at approximately $1,118,000. GDS Wealth Management owned about 0.40% of Information Services Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Access Investment Management LLC purchased a new stake in Information Services Group in the second quarter valued at $36,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Information Services Group in the 2nd quarter valued at about $39,000. Tower Research Capital LLC TRC lifted its position in Information Services Group by 250.1% in the second quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock valued at $48,000 after buying an additional 7,177 shares during the last quarter. SG Americas Securities LLC purchased a new position in Information Services Group during the third quarter worth about $60,000. Finally, American Century Companies Inc. acquired a new stake in shares of Information Services Group during the second quarter valued at about $53,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

Information Services Group Price Performance

Shares of III opened at $5.62 on Friday. The company has a market cap of $269.09 million, a P/E ratio of 29.58, a PEG ratio of 1.14 and a beta of 1.03. Information Services Group, Inc. has a fifty-two week low of $2.95 and a fifty-two week high of $6.45. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average price is $5.74 and its 200 day moving average price is $5.37.

Information Services Group (NASDAQ:III) last issued its quarterly earnings results on Monday, November 3rd. The business services provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Information Services Group had a net margin of 4.05% and a return on equity of 9.62%. The company had revenue of $62.36 million during the quarter, compared to analysts’ expectations of $60.94 million. On average, research analysts forecast that Information Services Group, Inc. will post 0.09 earnings per share for the current fiscal year.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 5th were issued a dividend of $0.045 per share. The ex-dividend date was Friday, December 5th. This represents a $0.18 annualized dividend and a yield of 3.2%. Information Services Group’s dividend payout ratio is 94.74%.

Insider Transactions at Information Services Group

In other news, CEO Michael P. Connors sold 66,196 shares of Information Services Group stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $5.26, for a total value of $348,190.96. Following the completion of the transaction, the chief executive officer owned 5,040,029 shares in the company, valued at approximately $26,510,552.54. This trade represents a 1.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 493,703 shares of company stock valued at $2,641,010. 15.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of Information Services Group in a research report on Friday, October 31st. Finally, Barrington Research raised their price target on Information Services Group from $5.50 to $7.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.00.

Information Services Group Company Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.