Information Services Group, Inc. (NASDAQ:III) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in Information Services Group, Inc. (NASDAQ:III - Free Report) by 56.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 131,103 shares of the business services provider's stock after selling 166,627 shares during the period. JPMorgan Chase & Co. owned 0.27% of Information Services Group worth $438,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Picton Mahoney Asset Management increased its holdings in Information Services Group by 47.2% in the fourth quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider's stock valued at $32,000 after buying an additional 3,110 shares during the last quarter. Williams & Novak LLC grew its position in shares of Information Services Group by 10.3% in the 4th quarter. Williams & Novak LLC now owns 43,775 shares of the business services provider's stock worth $146,000 after acquiring an additional 4,080 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Information Services Group by 40.5% in the 4th quarter. SG Americas Securities LLC now owns 20,752 shares of the business services provider's stock valued at $69,000 after acquiring an additional 5,983 shares during the last quarter. Access Investment Management LLC raised its position in shares of 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 valued at $35,000 after acquiring an additional 6,810 shares in the last quarter. Finally, EMC Capital Management lifted its stake in Information Services Group by 67.0% during the fourth quarter. EMC Capital Management now owns 17,184 shares of the business services provider's stock worth $57,000 after purchasing an additional 6,896 shares during the last quarter. Institutional investors and hedge funds own 73.10% of the company's stock.

Information Services Group Trading Down 2.1 %

Shares of NASDAQ III opened at $3.80 on Friday. Information Services Group, Inc. has a 12-month low of $2.92 and a 12-month high of $4.05. The company has a market cap of $183.37 million, a price-to-earnings ratio of -54.28, a price-to-earnings-growth ratio of 1.34 and a beta of 0.94. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock's 50 day simple moving average is $3.55 and its 200 day simple moving average is $3.39.

Information Services Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 21st were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend was Friday, March 21st. Information Services Group's dividend payout ratio (DPR) is 360.00%.

Analysts Set New Price Targets

Several analysts have weighed in on III shares. Barrington Research reiterated an "outperform" rating and set a $3.75 target price on shares of Information Services Group in a research note on Monday, March 10th. StockNews.com raised shares of Information Services Group from a "buy" rating to a "strong-buy" rating in a report on Monday, March 10th.

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.

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