Equitable Trust Co. Lowers Stock Position in Information Services Group, Inc. (NASDAQ:III)

Equitable Trust Co. trimmed its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,302 shares of the business services provider’s stock after selling 14,170 shares during the period. Equitable Trust Co.’s holdings in Information Services Group were worth $532,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of III. Barclays PLC boosted its holdings in Information Services Group by 52.5% during the third quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock worth $334,000 after buying an additional 34,816 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Information Services Group by 9.3% during the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock valued at $2,709,000 after acquiring an additional 70,135 shares during the period. State Street Corp boosted its stake in shares of Information Services Group by 3.2% during the 3rd quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock worth $1,934,000 after acquiring an additional 17,796 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Information Services Group in the 3rd quarter worth approximately $60,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Information Services Group in the 2nd quarter worth approximately $57,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

Information Services Group Trading Down 1.8 %

Shares of Information Services Group stock opened at $3.22 on Wednesday. Information Services Group, Inc. has a 1 year low of $2.92 and a 1 year high of $4.50. 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 price of $3.34 and a 200 day moving average price of $3.30. The company has a market capitalization of $158.01 million, a P/E ratio of -45.99, a P/E/G ratio of 1.38 and a beta of 1.00.

Wall Street Analyst Weigh In

A number of research firms have commented on III. StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Singular Research upgraded shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th. Finally, Barrington Research increased their price objective on shares of Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a research note on Monday, November 11th.

Insiders Place Their Bets

In other Information Services Group news, Director Kalpana Raina sold 15,075 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $3.35, for a total value of $50,501.25. Following the transaction, the director now directly owns 359,338 shares in the company, valued at approximately $1,203,782.30. This represents a 4.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 26,136 shares of company stock valued at $86,709. Corporate insiders own 16.00% of the company’s stock.

Information Services Group 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.