Information Services Group, Inc. (NASDAQ:III - Get Free Report) Director Kalpana Raina sold 15,075 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $3.35, for a total value of $50,501.25. Following the sale, the director now directly owns 359,338 shares of the company's stock, valued at $1,203,782.30. This represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Kalpana Raina also recently made the following trade(s):
- On Friday, November 15th, Kalpana Raina sold 3,369 shares of Information Services Group stock. The shares were sold at an average price of $3.35, for a total transaction of $11,286.15.
- 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 Performance
Shares of NASDAQ:III opened at $3.25 on Thursday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $159.48 million, a price-to-earnings ratio of -46.42, a price-to-earnings-growth ratio of 2.65 and a beta of 0.96. The firm has a 50 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 Dividend Announcement
First JFK… next Elon?
From Porter & Company | Ad
Today, I have another controversial prediction.
One which I will take no pleasure in seeing come true.
See, even with President Trump returning as the leader of our free country, I believe Elon Musk is in mortal danger.
I share with you in this special investigative documentary.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a $0.045 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a yield of 5.54%. Information Services Group's dividend payout ratio is presently -257.11%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of III. Vanguard Group Inc. lifted its position in Information Services Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider's stock valued at $8,760,000 after acquiring an additional 15,028 shares during the last quarter. Blair William & Co. IL grew its stake in Information Services Group by 1.4% during the 2nd quarter. Blair William & Co. IL now owns 824,499 shares of the business services provider's stock worth $2,424,000 after buying an additional 11,056 shares during the last quarter. Geode Capital Management LLC grew its stake in Information Services Group by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider's stock worth $2,709,000 after buying an additional 70,135 shares during the last quarter. State Street Corp raised its stake in Information Services Group by 3.2% in the third quarter. State Street Corp now owns 578,220 shares of the business services provider's stock valued at $1,934,000 after buying an additional 17,796 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in Information Services Group by 107.4% in the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider's stock worth $1,665,000 after acquiring an additional 293,328 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on III shares. Barrington Research raised their target price on shares of Information Services Group from $3.50 to $3.75 and gave the stock an "outperform" rating in a research report on Monday, November 11th. StockNews.com upgraded Information Services Group from a "hold" rating to a "buy" 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, November 14th.
Check Out Our Latest Analysis on Information Services Group
About Information Services Group
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
