Ritholtz Wealth Management Buys 219,723 Shares of Information Services Group, Inc. $III

Ritholtz Wealth Management increased its stake in Information Services Group, Inc. (NASDAQ:III) by 68.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,232 shares of the business services provider’s stock after acquiring an additional 219,723 shares during the quarter. Ritholtz Wealth Management owned 1.13% of Information Services Group worth $3,117,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Information Services Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,227,632 shares of the business services provider’s stock valued at $12,809,000 after acquiring an additional 7,216 shares in the last quarter. Crawford Investment Counsel Inc. increased its stake in shares of Information Services Group by 5.7% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 865,627 shares of the business services provider’s stock valued at $4,977,000 after acquiring an additional 46,903 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in Information Services Group by 603.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 480,318 shares of the business services provider’s stock valued at $2,762,000 after purchasing an additional 412,018 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Information Services Group by 1.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock valued at $1,150,000 after purchasing an additional 3,453 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in Information Services Group by 14.9% during the 2nd quarter. Raymond James Financial Inc. now owns 238,052 shares of the business services provider’s stock valued at $1,143,000 after purchasing an additional 30,781 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

Information Services Group Price Performance

III opened at $3.94 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.34 and a quick ratio of 2.34. The company has a market capitalization of $187.82 million, a price-to-earnings ratio of 21.89, a P/E/G ratio of 0.86 and a beta of 1.09. The firm’s fifty day moving average price is $4.41 and its two-hundred day moving average price is $5.23. Information Services Group, Inc. has a 1 year low of $3.42 and a 1 year high of $6.45.

Information Services Group (NASDAQ:III) last posted its quarterly earnings data on Thursday, March 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The firm had revenue of $61.21 million for the quarter, compared to the consensus estimate of $61.11 million. Information Services Group had a net margin of 3.82% and a return on equity of 11.49%. As a group, analysts anticipate that Information Services Group, Inc. will post 0.09 earnings per share for the current fiscal year.

Information Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 20th were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, March 20th. Information Services Group’s payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on III. Wall Street Zen lowered shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. Barrington Research decreased their price target on shares of Information Services Group from $7.00 to $5.50 and set an “outperform” rating for the company in a research note on Monday, March 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Information Services Group in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Information Services Group currently has an average rating of “Hold” and an average price target of $5.50.

Information Services Group 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.