Dimensional Fund Advisors LP Has $4.83 Million Stake in Information Services Group, Inc. (NASDAQ:III)

Dimensional Fund Advisors LP lifted its holdings in Information Services Group, Inc. (NASDAQ:III - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,446,982 shares of the business services provider's stock after acquiring an additional 63,699 shares during the period. Dimensional Fund Advisors LP owned approximately 2.95% of Information Services Group worth $4,833,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of III. Picton Mahoney Asset Management increased its stake in Information Services Group by 47.2% during the 4th quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider's stock worth $32,000 after acquiring an additional 3,110 shares during the period. Intech Investment Management LLC bought a new position in Information Services Group during the 4th quarter worth $34,000. Access Investment Management LLC increased its stake in Information Services Group by 183.8% during the 4th quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider's stock worth $35,000 after acquiring an additional 6,810 shares during the period. Marshall Wace LLP bought a new position in Information Services Group during the 4th quarter worth $41,000. Finally, XTX Topco Ltd bought a new position in Information Services Group during the 4th quarter worth $50,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Information Services Group Price Performance

Shares of III traded up $0.10 during midday trading on Friday, hitting $4.90. The company's stock had a trading volume of 488,594 shares, compared to its average volume of 112,140. Information Services Group, Inc. has a one year low of $2.92 and a one year high of $5.05. The company's fifty day simple moving average is $3.83 and its two-hundred day simple moving average is $3.49. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $236.20 million, a price-to-earnings ratio of -69.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08.

Information Services Group Announces Dividend

The firm 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 annualized dividend and a dividend yield of 3.67%. Information Services Group's payout ratio is 120.00%.

Analysts Set New Price Targets

A number of research firms have commented on III. StockNews.com lowered Information Services Group from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 12th. Barrington Research lifted their price target on Information Services Group from $3.75 to $5.50 and gave the company an "outperform" rating in a research note on Monday, May 12th. Finally, Sidoti upgraded Information Services Group to a "hold" rating in a research note on Monday, May 12th.

Information Services Group Company 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.