Information Services Group, Inc. (NASDAQ:III - Get Free Report) Director Kalpana Raina sold 3,369 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $3.35, for a total transaction of $11,286.15. Following the completion of the transaction, the director now owns 374,413 shares in the company, valued at approximately $1,254,283.55. This trade represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Kalpana Raina also recently made the following trade(s):
- On Wednesday, November 13th, Kalpana Raina sold 18,795 shares of Information Services Group stock. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05.
Information Services Group Stock Up 0.3 %
Shares of NASDAQ III opened at $3.35 on Friday. The stock has a market capitalization of $164.38 million, a PE ratio of -47.85, a P/E/G ratio of 2.72 and a beta of 0.96. The company has a quick ratio of 2.14, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average of $3.21 and a 200-day moving average of $3.22. Information Services Group, Inc. has a 52-week low of $2.92 and a 52-week high of $4.98.
Information Services Group Announces Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be issued a $0.045 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.37%. Information Services Group's dividend payout ratio (DPR) is -257.11%.
Institutional Trading of Information Services Group
A number of institutional investors have recently modified their holdings of III. Blair William & Co. IL raised its holdings in Information Services Group by 6.1% in the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider's stock valued at $3,286,000 after buying an additional 46,799 shares during the period. Vanguard Group Inc. increased its position in shares of Information Services Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider's stock worth $8,760,000 after acquiring an additional 15,028 shares in the last quarter. Quadrature Capital Ltd raised its stake in shares of Information Services Group by 88.0% in the 1st quarter. Quadrature Capital Ltd now owns 26,249 shares of the business services provider's stock valued at $106,000 after acquiring an additional 12,289 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in shares of Information Services Group during the 1st quarter valued at $45,000. Finally, EMC Capital Management boosted its position in Information Services Group by 277.3% during the 1st quarter. EMC Capital Management now owns 17,184 shares of the business services provider's stock worth $69,000 after purchasing an additional 12,629 shares during the period. Hedge funds and other institutional investors own 73.10% of the company's stock.
Analysts Set New Price Targets
III has been the topic of a number of analyst reports. StockNews.com upgraded shares of Information Services Group from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Barrington Research raised their price objective on Information Services Group from $3.50 to $3.75 and gave the stock an "outperform" rating in a report on Monday, November 11th. Finally, Singular Research upgraded Information Services Group from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday.
Read Our Latest Stock Report on III
About Information Services Group
(
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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.
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