Healthcare of Ontario Pension Plan Trust Fund Lowers Position in Information Services Group, Inc. (NASDAQ:III)

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in Information Services Group, Inc. (NASDAQ:IIIGet Rating) by 59.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 188,300 shares of the business services provider’s stock after selling 281,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Information Services Group were worth $1,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in III. Mirae Asset Global Investments Co. Ltd. bought a new position in Information Services Group in the second quarter valued at $69,000. Royal Bank of Canada increased 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 acquiring an additional 4,570 shares during the last quarter. Ergoteles LLC bought a new position in Information Services Group in the first quarter valued at $73,000. Mirabella Financial Services LLP increased 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 acquiring an additional 3,408 shares during the last quarter. Finally, ACG Wealth increased 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 acquiring an additional 8,620 shares during the last quarter. Hedge funds and other institutional investors own 62.83% of the company’s stock.

Information Services Group Stock Down 1.1 %

Shares of NASDAQ:III opened at $5.25 on Friday. The stock’s 50-day moving average price is $5.12 and its 200-day moving average price is $5.92. Information Services Group, Inc. has a 12-month low of $4.50 and a 12-month high of $8.74. The stock has a market capitalization of $252 million, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 0.75 and a beta of 0.85. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.71.

Information Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Stockholders of record on Monday, December 5th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, December 2nd. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.05%. Information Services Group’s dividend payout ratio (DPR) is currently 42.11%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on III. Barrington Research reduced 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 cut Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, November 15th.

About Information Services Group

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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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Institutional Ownership by Quarter for Information Services Group (NASDAQ:III)

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