Equitable Trust Co. Sells 31,025 Shares of Information Services Group, Inc. $III

Equitable Trust Co. trimmed its stake in Information Services Group, Inc. (NASDAQ:III) by 18.3% during the 2nd quarter, Holdings Channel reports. The firm owned 138,562 shares of the business services provider’s stock after selling 31,025 shares during the quarter. Equitable Trust Co.’s holdings in Information Services Group were worth $665,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of III. Kathmere Capital Management LLC bought a new position in Information Services Group during the second quarter valued at approximately $74,000. Baron Wealth Management LLC bought a new position in Information Services Group during the second quarter valued at approximately $57,000. Goldman Sachs Group Inc. grew its position in Information Services Group by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock valued at $1,150,000 after acquiring an additional 3,453 shares during the last quarter. Jane Street Group LLC grew its position in Information Services Group by 323.1% during the first quarter. Jane Street Group LLC now owns 47,472 shares of the business services provider’s stock valued at $186,000 after acquiring an additional 36,253 shares during the last quarter. Finally, Everstar Asset Management LLC bought a new position in Information Services Group during the first quarter valued at approximately $43,000. 73.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

III has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Information Services Group in a research note on Wednesday, October 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $5.50 price target on shares of Information Services Group in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $5.50.

Information Services Group Price Performance

Shares of NASDAQ:III opened at $5.58 on Thursday. Information Services Group, Inc. has a 1-year low of $2.95 and a 1-year high of $6.01. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.43 and a quick ratio of 2.43. The business has a fifty day moving average price of $5.27 and a 200-day moving average price of $4.70. The company has a market capitalization of $268.93 million, a PE ratio of 37.20, a PEG ratio of 1.48 and a beta of 1.32.

Information Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 5th were issued a dividend of $0.045 per share. The ex-dividend date was Friday, September 5th. This represents a $0.18 annualized dividend and a dividend yield of 3.2%. Information Services Group’s dividend payout ratio (DPR) is presently 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.