Millennium Management LLC Has $585,000 Stock Holdings in Information Services Group, Inc. (NASDAQ:III)

Millennium Management LLC decreased its holdings in shares of Information Services Group, Inc. (NASDAQ:III - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,055 shares of the business services provider's stock after selling 54,464 shares during the period. Millennium Management LLC owned about 0.36% of Information Services Group worth $585,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC lifted its holdings in shares of Information Services Group by 18.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 139,430 shares of the business services provider's stock valued at $466,000 after acquiring an additional 21,500 shares during the period. Bank of America Corp DE increased its position in shares of Information Services Group by 10.2% during the 4th quarter. Bank of America Corp DE now owns 116,000 shares of the business services provider's stock worth $387,000 after purchasing an additional 10,729 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Information Services Group during the 4th quarter valued at about $38,000. Northern Trust Corp boosted its position in Information Services Group by 4.4% in the fourth quarter. Northern Trust Corp now owns 303,721 shares of the business services provider's stock valued at $1,014,000 after buying an additional 12,814 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Information Services Group by 28.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,041 shares of the business services provider's stock valued at $47,000 after buying an additional 3,092 shares in the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

Information Services Group Price Performance

Shares of III stock opened at $4.82 on Monday. The firm's 50 day moving average price is $4.16 and its two-hundred day moving average price is $3.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97. Information Services Group, Inc. has a 52-week low of $2.92 and a 52-week high of $5.05. The stock has a market cap of $232.34 million, a PE ratio of -68.85, a PEG ratio of 1.34 and a beta of 1.23.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 6th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.73%. Information Services Group's dividend payout ratio (DPR) is presently 120.00%.

Analyst Ratings Changes

A number of research firms have recently issued reports on III. Sidoti upgraded shares of Information Services Group to a "hold" rating in a research note on Monday, May 12th. Wall Street Zen downgraded Information Services Group from a "strong-buy" rating to a "buy" rating in a research report on Friday. Finally, Barrington Research boosted their price objective on Information Services Group from $3.75 to $5.50 and gave the stock an "outperform" rating in a research note on Monday, May 12th.

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.

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