North Star Investment Management Corp. Grows Stock Holdings in Information Services Group, Inc. $III

North Star Investment Management Corp. lifted its holdings in Information Services Group, Inc. (NASDAQ:III) by 2,477.7% during the first quarter, Holdings Channel reports. The fund owned 128,883 shares of the business services provider’s stock after buying an additional 123,883 shares during the quarter. North Star Investment Management Corp.’s holdings in Information Services Group were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Invesco Ltd. lifted its position in Information Services Group by 22.5% during the first quarter. Invesco Ltd. now owns 20,546 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 3,780 shares during the period. AQR Capital Management LLC raised its stake in shares of Information Services Group by 73.1% during the 1st quarter. AQR Capital Management LLC now owns 42,519 shares of the business services provider’s stock valued at $166,000 after buying an additional 17,956 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Information Services Group during the 1st quarter valued at about $83,000. Goldman Sachs Group Inc. lifted its holdings in shares of Information Services Group by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock valued at $1,150,000 after buying an additional 3,453 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Information Services Group by 323.1% in the 1st quarter. Jane Street Group LLC now owns 47,472 shares of the business services provider’s stock valued at $186,000 after buying an additional 36,253 shares during the period. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Stock Up 0.5%

III opened at $4.11 on Wednesday. Information Services Group, Inc. has a fifty-two week low of $3.74 and a fifty-two week high of $6.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.65 and a current ratio of 2.65. The company has a fifty day moving average of $4.22 and a two-hundred day moving average of $4.71. The stock has a market capitalization of $196.62 million, a price-to-earnings ratio of 20.55, a PEG ratio of 0.88 and a beta of 1.09.

Information Services Group (NASDAQ:III) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $61.18 million for the quarter, compared to analyst estimates of $60.85 million. Information Services Group had a return on equity of 12.92% and a net margin of 4.29%. On average, research analysts expect that Information Services Group, Inc. will post 0.27 earnings per share for the current year.

Information Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were given a dividend of $0.045 per share. The ex-dividend date was Friday, June 5th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.4%. Information Services Group’s dividend payout ratio (DPR) is 90.00%.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Information Services Group in a report on Tuesday, June 9th. Wall Street Zen downgraded Information Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Barrington Research restated an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.50.

Information Services Group Company Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.