JPMorgan Chase & Co. Sells 625,690 Shares of Information Services Group, Inc. (NASDAQ:III)

JPMorgan Chase & Co. cut its stake in Information Services Group, Inc. (NASDAQ:III - Free Report) by 67.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 297,730 shares of the business services provider's stock after selling 625,690 shares during the quarter. JPMorgan Chase & Co. owned 0.61% of Information Services Group worth $983,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Rhumbline Advisers grew its stake in Information Services Group by 7.6% in the second quarter. Rhumbline Advisers now owns 57,734 shares of the business services provider's stock valued at $170,000 after acquiring an additional 4,075 shares during the period. Hsbc Holdings PLC grew its position in shares of Information Services Group by 13.1% in the 2nd quarter. Hsbc Holdings PLC now owns 43,746 shares of the business services provider's stock valued at $135,000 after purchasing an additional 5,074 shares during the period. Equitable Trust Co. increased its stake in Information Services Group by 4.5% during the 3rd quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider's stock worth $572,000 after purchasing an additional 7,515 shares in the last quarter. Copeland Capital Management LLC acquired a new stake in Information Services Group during the 3rd quarter worth approximately $32,000. Finally, The Manufacturers Life Insurance Company bought a new position in Information Services Group in the second quarter valued at approximately $35,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Kalpana Raina sold 18,795 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05. Following the completion of the sale, the director now owns 396,261 shares in the company, valued at approximately $1,343,324.79. This trade represents a 4.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 44,931 shares of company stock valued at $150,425. 16.00% of the stock is owned by insiders.

Information Services Group Stock Up 0.3 %

Shares of Information Services Group stock traded up $0.01 on Friday, reaching $3.24. 66,273 shares of the company were exchanged, compared to its average volume of 98,634. The company has a market capitalization of $158.99 million, a price-to-earnings ratio of -46.28, a PEG ratio of 1.28 and a beta of 1.00. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group, Inc. has a one year low of $2.92 and a one year high of $4.82. The company has a 50-day moving average of $3.40 and a 200 day moving average of $3.31.

Information Services Group (NASDAQ:III - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). Information Services Group had a positive return on equity of 4.43% and a negative net margin of 1.20%. The firm had revenue of $61.28 million for the quarter, compared to the consensus estimate of $61.59 million. During the same period last year, the company posted $0.08 earnings per share. On average, equities research analysts forecast that Information Services Group, Inc. will post 0.09 earnings per share for the current year.

Information Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.18 annualized dividend and a dividend yield of 5.56%. Information Services Group's dividend payout ratio is currently -257.11%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Singular Research raised shares of Information Services Group from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, November 14th. Barrington Research raised their target price on shares of Information Services Group from $3.50 to $3.75 and gave the company an "outperform" rating in a research report on Monday, November 11th. Finally, StockNews.com raised shares of Information Services Group from a "hold" rating to a "buy" rating in a research report on Monday, November 11th.

Information Services Group 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.