JPMorgan Chase & Co. Sells 166,627 Shares of Information Services Group, Inc. (NASDAQ:III)

JPMorgan Chase & Co. cut its position in shares of Information Services Group, Inc. (NASDAQ:III - Free Report) by 56.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 131,103 shares of the business services provider's stock after selling 166,627 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.27% of Information Services Group worth $438,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in III. Picton Mahoney Asset Management boosted its holdings in shares of Information Services Group by 47.2% in the 4th quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider's stock worth $32,000 after buying an additional 3,110 shares during the last quarter. Intech Investment Management LLC purchased a new position in Information Services Group in the fourth quarter valued at about $34,000. Access Investment Management LLC grew 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 during the period. EMC Capital Management grew its position in shares of Information Services Group by 67.0% during the 4th quarter. EMC Capital Management now owns 17,184 shares of the business services provider's stock valued at $57,000 after acquiring an additional 6,896 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Information Services Group by 40.5% during the 4th quarter. SG Americas Securities LLC now owns 20,752 shares of the business services provider's stock worth $69,000 after purchasing an additional 5,983 shares during the last quarter. 73.10% of the stock is owned by institutional investors.

Information Services Group Stock Performance

Shares of NASDAQ:III traded down $0.05 during trading on Wednesday, hitting $3.93. 85,921 shares of the company were exchanged, compared to its average volume of 105,987. The company has a market cap of $189.40 million, a PE ratio of -56.06, a P/E/G ratio of 1.34 and a beta of 1.08. Information Services Group, Inc. has a 52-week low of $2.92 and a 52-week high of $4.05. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a 50 day moving average of $3.61 and a 200 day moving average of $3.41.

Information Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 21st were paid a dividend of $0.045 per share. The ex-dividend date was Friday, March 21st. This represents a $0.18 annualized dividend and a yield of 4.59%. Information Services Group's dividend payout ratio is currently 360.00%.

Analyst Ratings Changes

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

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.