Kalpana Raina Sells 15,075 Shares of Information Services Group, Inc. (NASDAQ:III) Stock

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 15,075 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $3.35, for a total value of $50,501.25. Following the completion of the sale, the director now owns 359,338 shares in the company, valued at $1,203,782.30. This represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kalpana Raina also recently made the following trade(s):

• On Friday, November 15th, Kalpana Raina sold 3,369 shares of Information Services Group stock. The shares were sold at an average price of $3.35, for a total value of $11,286.15.
• On Wednesday, November 13th, Kalpana Raina sold 18,795 shares of Information Services Group stock. The shares were sold at an average price of $3.39, for a total value of $63,715.05.

Information Services Group Stock Performance

Shares of NASDAQ:III opened at $3.34 on Friday. The firm has a market capitalization of $163.66 million, a PE ratio of -47.64, a P/E/G ratio of 2.65 and a beta of 0.96. 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 business has a 50-day moving average of $3.21 and a two-hundred day moving average of $3.22. Information Services Group, Inc. has a 12 month low of $2.92 and a 12 month high of $4.98.

Information Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.18 annualized dividend and a yield of 5.40%. Information Services Group’s dividend payout ratio is presently -257.14%.

Institutional Investors Weigh In On Information Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. increased its stake in Information Services Group by 107.4% during the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock worth $1,665,000 after acquiring an additional 293,328 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Information Services Group during the first quarter worth about $45,000. Arkadios Wealth Advisors acquired a new stake in Information Services Group during the second quarter worth about $32,000. Vanguard Group Inc. increased its stake in Information Services Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock worth $8,760,000 after acquiring an additional 15,028 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Information Services Group by 9,259.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 21,621 shares of the business services provider’s stock worth $64,000 after acquiring an additional 21,390 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on III. StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Singular Research upgraded Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. Finally, Barrington Research upped their target price on Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a research note on Monday, November 11th.

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.