Nuveen LLC Makes New Investment in Information Services Group, Inc. $III

Key Points

• Nuveen LLC has acquired 68,263 shares of Information Services Group, Inc. valued at approximately $267,000, marking a new stake for the institutional investor.
• Information Services Group's recent dividend of $0.045 per share will be paid to shareholders of record on September 5th, reflecting a yield of 3.4%.
• Wall Street analysts have mixed ratings on the stock, with an average recommendation of "Buy" and a price target of $5.50.

Nuveen LLC acquired a new stake in shares of Information Services Group, Inc. (NASDAQ:III - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 68,263 shares of the business services provider's stock, valued at approximately $267,000. Nuveen LLC owned about 0.14% of Information Services Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Information Services Group by 4.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,446,982 shares of the business services provider's stock valued at $4,833,000 after acquiring an additional 63,699 shares during the period. Blair William & Co. IL lifted its position in shares of Information Services Group by 6.5% during the first quarter. Blair William & Co. IL now owns 881,294 shares of the business services provider's stock worth $3,446,000 after purchasing an additional 54,056 shares in the last quarter. Northern Trust Corp lifted its holdings 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 during the period. Equitable Trust Co. lifted its holdings in Information Services Group by 6.5% in the first 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 period. Finally, Two Sigma Advisers LP raised its holdings in Information Services Group by 46.2% in the fourth quarter. Two Sigma Advisers LP now owns 157,900 shares of the business services provider's stock worth $527,000 after purchasing an additional 49,900 shares during the period. Institutional investors own 73.10% of the company's stock.

Information Services Group Price Performance

Shares of Information Services Group stock traded down $0.03 during midday trading on Thursday, hitting $5.19. 38,886 shares of the company traded hands, compared to its average volume of 170,255. The stock has a market cap of $249.87 million, a price-to-earnings ratio of 34.54, a PEG ratio of 1.36 and a beta of 1.28. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.43 and a current ratio of 2.43. The firm's fifty day moving average price is $4.82 and its 200-day moving average price is $4.32. Information Services Group, Inc. has a 12 month low of $2.95 and a 12 month high of $5.30.

Information Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 5th will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.18 annualized dividend and a dividend yield of 3.5%. Information Services Group's payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on III. Wall Street Zen raised shares of Information Services Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Barrington Research reissued an "outperform" rating and issued a $5.50 price objective on shares of Information Services Group in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Information Services Group presently has an average rating of "Buy" and an average price target of $5.50.

About Information Services Group

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.