208,950 Shares in Information Services Group, Inc. (NASDAQ:III) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Information Services Group, Inc. (NASDAQ:III - Free Report) during the 4th quarter, according to its most recent 13F filing with the 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 SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Capital Management LLC raised its holdings in Information Services Group by 2.9% during the third quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider's stock worth $18,422,000 after purchasing an additional 159,141 shares during the last quarter. Geode Capital Management LLC raised its position in Information Services Group by 9.3% during the third quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider's stock worth $2,709,000 after acquiring an additional 70,135 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Information Services Group by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider's stock valued at $1,151,000 after purchasing an additional 17,629 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Information Services Group by 11,468.6% in the fourth quarter. Russell Investments Group Ltd. now owns 115,686 shares of the business services provider's stock valued at $386,000 after purchasing an additional 114,686 shares during the last quarter. Finally, Barclays PLC increased its stake 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 in the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

III has been the subject of several recent research reports. StockNews.com raised Information Services Group from a "buy" rating to a "strong-buy" rating in a research report on Monday, March 10th. Barrington Research reissued an "outperform" rating and set a $3.75 price target on shares of Information Services Group in a research note on Monday, March 10th.

Information Services Group Price Performance

Shares of Information Services Group stock opened at $3.99 on Wednesday. The business's fifty day moving average price is $3.60 and its 200 day moving average price is $3.40. Information Services Group, Inc. has a twelve month low of $2.92 and a twelve month high of $4.05. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $192.30 million, a P/E ratio of -56.92, a PEG ratio of 1.34 and a beta of 1.08.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were given a dividend of $0.045 per share. The ex-dividend date was Friday, March 21st. This represents a $0.18 dividend on an annualized basis and a yield of 4.52%. Information Services Group's dividend payout ratio (DPR) is 360.00%.

Information Services Group Company 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.

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