Acadian Asset Management LLC Reduces Position in Information Services Group, Inc. $III

Key Points

• Acadian Asset Management LLC reduced its stake in Information Services Group, Inc. by 13.4%, selling 60,616 shares to now hold 392,559 shares valued at $1.53 million.
• Analysts have issued a consensus rating of "Buy" on Information Services Group's stock, with the price target set at $5.50.
• The company announced a quarterly dividend of $0.045 per share, with a yield of 3.4%, set to be paid on September 26th.

Acadian Asset Management LLC cut its holdings in Information Services Group, Inc. (NASDAQ:III - Free Report) by 13.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 392,559 shares of the business services provider's stock after selling 60,616 shares during the period. Acadian Asset Management LLC owned about 0.81% of Information Services Group worth $1,533,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in III. Blair William & Co. IL raised its stake in shares of Information Services Group by 6.5% during the 1st quarter. Blair William & Co. IL now owns 881,294 shares of the business services provider's stock worth $3,446,000 after acquiring an additional 54,056 shares in the last quarter. Northern Trust Corp grew its stake in shares of Information Services Group by 4.4% during the 4th quarter. Northern Trust Corp now owns 303,721 shares of the business services provider's stock worth $1,014,000 after purchasing an additional 12,814 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Information Services Group by 1.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider's stock worth $1,150,000 after acquiring an additional 3,453 shares during the period. Equitable Trust Co. boosted its stake in shares of Information Services Group by 6.5% during the 1st quarter. Equitable Trust Co. now owns 169,587 shares of the business services provider's stock valued at $663,000 after buying an additional 10,285 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Information Services Group by 46.2% during the fourth quarter. Two Sigma Advisers LP now owns 157,900 shares of the business services provider's stock valued at $527,000 after purchasing an additional 49,900 shares during the period. 73.10% of the stock is owned by hedge funds and other institutional investors.

Information Services Group Stock Down 2.9%

Shares of III stock traded down $0.16 during trading hours on Friday, hitting $5.38. 443,808 shares of the company's stock traded hands, compared to its average volume of 182,044. Information Services Group, Inc. has a 12-month low of $2.95 and a 12-month high of $5.60. The stock has a market cap of $259.26 million, a price-to-earnings ratio of 35.87, a PEG ratio of 1.47 and a beta of 1.28. The stock's fifty day simple moving average is $4.87 and its two-hundred day simple moving average is $4.43. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.63.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 5th will be paid a $0.045 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.18 annualized dividend and a yield of 3.3%. Information Services Group's payout ratio is presently 120.00%.

Analyst Ratings Changes

III has been the subject of several research reports. Barrington Research reiterated an "outperform" rating and set a $5.50 price target on shares of Information Services Group in a report on Friday, July 18th. Wall Street Zen upgraded Information Services Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $5.50.

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.