Raymond James Financial Inc. bought a new position in shares of Information Services Group, Inc. (NASDAQ:III - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 208,950 shares of the business services provider's stock, valued at approximately $698,000. Raymond James Financial Inc. owned approximately 0.43% of Information Services Group as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of 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 purchasing an additional 17,796 shares in the last quarter. Barclays PLC raised its position in shares of Information Services Group by 52.5% during the 3rd quarter. Barclays PLC now owns 101,111 shares of the business services provider's stock worth $334,000 after purchasing an additional 34,816 shares during the last quarter. Geode Capital Management LLC lifted its stake in Information Services Group by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider's stock valued at $2,709,000 after buying an additional 70,135 shares in the last quarter. SG Americas Securities LLC grew its holdings in Information Services Group by 40.5% during the 4th quarter. SG Americas Securities LLC now owns 20,752 shares of the business services provider's stock valued at $69,000 after buying an additional 5,983 shares during the last quarter. Finally, Williams & Novak LLC increased its position in Information Services Group by 10.3% during the fourth quarter. Williams & Novak LLC now owns 43,775 shares of the business services provider's stock worth $146,000 after buying an additional 4,080 shares in the last quarter. Institutional investors and hedge funds own 73.10% of the company's stock.
Information Services Group Trading Down 2.5 %
III traded down $0.09 during trading on Friday, hitting $3.45. The company's stock had a trading volume of 95,525 shares, compared to its average volume of 108,647. Information Services Group, Inc. has a twelve month low of $2.92 and a twelve month high of $4.05. The stock has a market cap of $166.48 million, a PE ratio of -49.28, a PEG ratio of 1.34 and a beta of 0.94. The firm's 50 day moving average price is $3.41 and its 200-day moving average price is $3.34. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97.
Information Services Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were paid a $0.045 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.18 annualized dividend and a yield of 5.22%. Information Services Group's payout ratio is currently 360.00%.
Wall Street Analyst Weigh In
III has been the topic of several recent research reports. Barrington Research restated an "outperform" rating and issued a $3.75 price objective on shares of Information Services Group in a research report on Monday, March 10th. StockNews.com raised shares of Information Services Group from a "buy" rating to a "strong-buy" rating in a research note on Monday, March 10th.
Get Our Latest Stock Report on Information Services Group
Information Services Group Company Profile
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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.
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