Bank of New York Mellon Corp Invests $2.12 Million in Information Services Group, Inc. $III

Key Points

• Bank of New York Mellon acquired 515,382 shares of Information Services Group, valued at approximately $2.12 million, giving it a 1.08% stake. Institutional investors collectively own 73.10% of the company.
• Information Services Group exceeded quarterly expectations, reporting $0.10 in EPS versus the $0.05 estimate and revenue of $65.49 million versus the $62.86 million forecast.
• The company declared a quarterly dividend of $0.045 per share, equivalent to an annualized $0.18 payout and a 3.5% yield. Analysts maintain a “Moderate Buy” consensus rating with a $5.50 price target.

Bank of New York Mellon Corp bought a new stake in Information Services Group, Inc. (NASDAQ:III - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 515,382 shares of the business services provider's stock, valued at approximately $2,118,000. Bank of New York Mellon Corp owned about 1.08% of Information Services Group at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in shares of Information Services Group by 21.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,888,952 shares of the business services provider's stock worth $7,254,000 after buying an additional 339,343 shares in the last quarter. Themes Management Co LLC purchased a new position in shares of Information Services Group in the 1st quarter worth approximately $1,192,000. Hillsdale Investment Management Inc. grew its holdings in shares of Information Services Group by 68.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 806,703 shares of the business services provider's stock valued at $4,663,000 after acquiring an additional 326,385 shares in the last quarter. North Star Investment Management Corp. grew its holdings in shares of Information Services Group by 2,477.7% in the first quarter. North Star Investment Management Corp. now owns 128,883 shares of the business services provider's stock valued at $495,000 after acquiring an additional 123,883 shares in the last quarter. Finally, Legato Capital Management LLC increased its position in shares of Information Services Group by 475.3% during the fourth quarter. Legato Capital Management LLC now owns 241,463 shares of the business services provider's stock valued at $1,396,000 after acquiring an additional 199,490 shares during the last quarter. 73.10% of the stock is owned by institutional investors.

Information Services Group Stock Performance

Shares of Information Services Group stock opened at $5.19 on Tuesday. The stock has a market capitalization of $251.25 million, a P/E ratio of 22.57, a P/E/G ratio of 1.15 and a beta of 1.10. Information Services Group, Inc. has a 52-week low of $3.74 and a 52-week high of $6.45. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.81 and a current ratio of 2.81. The stock's 50-day simple moving average is $4.53 and its 200 day simple moving average is $4.33.

Information Services Group (NASDAQ:III - Get Free Report) last issued its earnings results on Wednesday, August 5th. The business services provider reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. The firm had revenue of $65.49 million during the quarter, compared to analyst estimates of $62.86 million. Information Services Group had a net margin of 4.67% and a return on equity of 13.59%. As a group, research analysts anticipate that Information Services Group, Inc. will post 0.28 EPS for the current year.

Information Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $0.18 annualized dividend and a yield of 3.5%. Information Services Group's dividend payout ratio (DPR) is 78.26%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on III. Weiss Ratings upgraded Information Services Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 13th. Wall Street Zen lowered Information Services Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.50.

Information Services Group Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG's core offerings include sourcing advisory, managed governance, market intelligence and research services.

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