Information Services Group, Inc. (NASDAQ:III) Holdings Raised by Bank of America Corp DE

Bank of America Corp DE boosted its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 10.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 116,000 shares of the business services provider’s stock after buying an additional 10,729 shares during the period. Bank of America Corp DE’s holdings in Information Services Group were worth $387,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of III. Tower Research Capital LLC TRC raised its position in Information Services Group by 195.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider’s stock valued at $26,000 after buying an additional 5,104 shares during the period. Picton Mahoney Asset Management increased its position in 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 purchasing an additional 3,110 shares during the last quarter. Intech Investment Management LLC acquired a new position in Information Services Group in the 4th quarter worth about $34,000. Access Investment Management LLC increased its position in Information Services Group by 183.8% in the 4th quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider’s stock worth $35,000 after purchasing an additional 6,810 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Information Services Group in the 4th quarter worth about $38,000. 73.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on III shares. Sidoti raised Information Services Group to a “hold” rating in a research report on Monday, May 12th. Barrington Research upped their target price on Information Services Group from $3.75 to $5.50 and gave the stock an “outperform” rating in a research report on Monday, May 12th. Finally, Wall Street Zen lowered Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 6th.

Information Services Group Price Performance

Shares of NASDAQ:III opened at $4.78 on Friday. The business has a 50 day moving average price of $4.23 and a 200 day moving average price of $3.68. Information Services Group, Inc. has a twelve month low of $2.92 and a twelve month high of $5.05. The company has a market cap of $230.42 million, a price-to-earnings ratio of -68.28, a PEG ratio of 1.34 and a beta of 1.23. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69.

Information Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 6th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.18 annualized dividend and a yield of 3.77%. Information Services Group’s payout ratio is 120.00%.

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.