Insider Selling: Information Services Group, Inc. (NASDAQ:III) Director Sells 18,795 Shares of Stock

Information Services Group, Inc. (NASDAQ:III) Director Kalpana Raina sold 18,795 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $3.39, for a total transaction of $63,715.05. Following the transaction, the director now owns 396,261 shares in the company, valued at $1,343,324.79. This represents a 4.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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.

Information Services Group Trading Up 0.3 %

Shares of NASDAQ III opened at $3.35 on Friday. The company has a quick ratio of 2.14, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $4.98. The firm’s 50-day simple moving average is $3.21 and its 200 day simple moving average is $3.22.

Information Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be issued a $0.045 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.37%. Information Services Group’s dividend payout ratio is presently -257.11%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of III. Brown Brothers Harriman & Co. lifted its stake in Information Services Group by 107.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock valued at $1,665,000 after acquiring an additional 293,328 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Information Services Group by 9.3% during the third quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock valued at $2,709,000 after purchasing an additional 70,135 shares in the last quarter. Blair William & Co. IL boosted its holdings in Information Services Group by 6.1% during the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock worth $3,286,000 after purchasing an additional 46,799 shares during the last quarter. Williams & Novak LLC bought a new stake in Information Services Group in the 2nd quarter worth about $128,000. Finally, Equitable Trust Co. increased its stake in Information Services Group by 28.3% in the 2nd quarter. Equitable Trust Co. now owns 165,957 shares of the business services provider’s stock valued at $488,000 after buying an additional 36,645 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on III. Barrington Research raised their price objective 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. StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Singular Research upgraded shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday.

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.