Lazard Asset Management LLC increased its holdings in Information Services Group, Inc. (NASDAQ:III – Get Rating) by 81.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,206 shares of the business services provider’s stock after acquiring an additional 13,565 shares during the period. Lazard Asset Management LLC’s holdings in Information Services Group were worth $204,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in Information Services Group in the second quarter valued at approximately $69,000. Ergoteles LLC purchased a new position in Information Services Group in the first quarter valued at approximately $73,000. Royal Bank of Canada lifted its stake in Information Services Group by 74.6% in the first quarter. Royal Bank of Canada now owns 10,697 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 4,570 shares during the last quarter. Mirabella Financial Services LLP lifted its stake in Information Services Group by 20.3% in the first quarter. Mirabella Financial Services LLP now owns 20,170 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 3,408 shares during the last quarter. Finally, ACG Wealth lifted its stake in Information Services Group by 50.6% in the second quarter. ACG Wealth now owns 25,650 shares of the business services provider’s stock valued at $173,000 after purchasing an additional 8,620 shares during the last quarter. 62.83% of the stock is owned by institutional investors.
Analysts Set New Price Targets
III has been the topic of several research analyst reports. Barrington Research dropped their price objective on Information Services Group from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 9th. StockNews.com downgraded Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 15th.
Information Services Group Trading Down 0.4 %
Information Services Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, December 5th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, December 2nd. This represents a $0.16 annualized dividend and a dividend yield of 2.87%. Information Services Group’s dividend payout ratio is currently 42.11%.
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.
- Get a free copy of the StockNews.com research report on Information Services Group (III)
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