Information Services Group, Inc. (NASDAQ:III) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of Information Services Group, Inc. (NASDAQ:III) by 227.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,814 shares of the business services provider’s stock after purchasing an additional 102,634 shares during the quarter. Russell Investments Group Ltd. owned 0.31% of Information Services Group worth $863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in III. Amundi Asset Management US Inc. acquired a new position in Information Services Group during the 1st quarter worth $25,000. Royal Bank of Canada grew its stake in Information Services Group by 183.0% during the 1st quarter. Royal Bank of Canada now owns 7,633 shares of the business services provider’s stock worth $34,000 after purchasing an additional 4,936 shares in the last quarter. HighTower Advisors LLC acquired a new position in Information Services Group during the 1st quarter worth $45,000. Public Employees Retirement System of Ohio acquired a new position in Information Services Group during the 1st quarter worth $46,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Information Services Group during the 1st quarter worth $53,000. 51.02% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised Information Services Group from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Tuesday, August 17th.

Shares of NASDAQ III opened at $7.05 on Tuesday. The company has a market capitalization of $341.66 million, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 1.74 and a beta of 0.66. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.04 and a quick ratio of 2.04. The business has a 50-day moving average of $6.67 and a two-hundred day moving average of $5.61. Information Services Group, Inc. has a 1 year low of $2.00 and a 1 year high of $8.37.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Tuesday, September 7th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, September 3rd. Information Services Group’s dividend payout ratio (DPR) is 70.59%.

Information Services Group Profile

Information Services Group, Inc engages in the provision of sourcing advisory services. It operates through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defense, automotive, banking, energy, healthcare, and insurance industries.

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

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