BlackRock Inc. Purchases New Position in Information Services Group, Inc. $III

Key Points

• BlackRock acquired 3.1 million shares of Information Services Group in the second quarter, worth approximately $12.8 million and representing a 6.49% stake.
• Institutional ownership now stands at 73.1%, with several firms—including Renaissance Technologies and Hillsdale Investment Management—also increasing or initiating positions.
• ISG reported quarterly EPS of $0.10, beating estimates by $0.05, and revenue of $65.49 million. Analysts maintain a “Moderate Buy” consensus with a $5.50 average price target, while the company declared a quarterly dividend of $0.045 per share.

BlackRock Inc. acquired a new position in Information Services Group, Inc. (NASDAQ:III - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,103,567 shares of the business services provider's stock, valued at approximately $12,756,000. BlackRock Inc. owned about 6.49% of Information Services Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of Information Services Group during the 2nd quarter worth $2,118,000. Essex Investment Management Co. LLC acquired a new stake in shares of Information Services Group in the fourth quarter worth about $2,177,000. Renaissance Technologies LLC lifted its position in shares of Information Services Group by 21.9% in the first 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 during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Information Services Group by 68.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 806,703 shares of the business services provider's stock worth $4,663,000 after acquiring an additional 326,385 shares in the last quarter. Finally, Themes Management Co LLC acquired a new position in shares of Information Services Group during the 1st quarter valued at about $1,192,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on III. Wall Street Zen lowered Information Services Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Information Services Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 13th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Information Services Group presently has a consensus rating of "Moderate Buy" and an average target price of $5.50.

Information Services Group Price Performance

Shares of III opened at $5.19 on Friday. The company has a market cap of $251.26 million, a price-to-earnings ratio of 22.57, a PEG ratio of 1.14 and a beta of 1.10. Information Services Group, Inc. has a 1-year low of $3.74 and a 1-year high of $6.45. The company's fifty day simple moving average is $4.51 and its 200 day simple moving average is $4.33. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.62.

Information Services Group (NASDAQ:III - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The business services provider reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.05. Information Services Group had a net margin of 4.67% and a return on equity of 13.59%. The company had revenue of $65.49 million during the quarter, compared to the consensus estimate of $62.86 million. On average, research analysts forecast that Information Services Group, Inc. will post 0.28 earnings per share for the current fiscal year.

Information Services Group Announces Dividend

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

Information Services Group Company 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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