Hillsdale Investment Management Inc. Purchases 326,385 Shares of Information Services Group, Inc. $III

Hillsdale Investment Management Inc. lifted its position in Information Services Group, Inc. (NASDAQ:III) by 68.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 806,703 shares of the business services provider’s stock after acquiring an additional 326,385 shares during the period. Hillsdale Investment Management Inc.’s holdings in Information Services Group were worth $4,663,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers raised its position in shares of Information Services Group by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 53,200 shares of the business services provider’s stock worth $255,000 after acquiring an additional 2,251 shares in the last quarter. Everstar Asset Management LLC raised its position in shares of Information Services Group by 10.0% in the 4th quarter. Everstar Asset Management LLC now owns 25,808 shares of the business services provider’s stock worth $149,000 after acquiring an additional 2,343 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Information Services Group by 22.6% in the 4th quarter. SG Americas Securities LLC now owns 12,754 shares of the business services provider’s stock worth $74,000 after acquiring an additional 2,351 shares in the last quarter. Goldman Sachs Group Inc. raised its position 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 worth $1,150,000 after acquiring an additional 3,453 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Information Services Group by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after acquiring an additional 3,739 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on III. Barrington Research reissued an “outperform” rating and issued a $5.50 target price on shares of Information Services Group in a research report on Thursday, April 16th. Wall Street Zen lowered Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Information Services Group Trading Down 0.6%

NASDAQ III opened at $4.51 on Friday. Information Services Group, Inc. has a 12 month low of $3.74 and a 12 month high of $6.45. The stock has a market cap of $215.52 million, a P/E ratio of 22.53, a P/E/G ratio of 0.97 and a beta of 1.06. The stock’s fifty day moving average price is $4.12 and its 200-day moving average price is $4.91. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.63.

Information Services Group (NASDAQ:III) last released its earnings results on Thursday, May 7th. The business services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Information Services Group had a return on equity of 12.92% and a net margin of 4.29%.The firm had revenue of $61.18 million for the quarter, compared to analysts’ expectations of $60.85 million. As a group, equities analysts forecast that Information Services Group, Inc. will post 0.27 EPS for the current fiscal year.

Information Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, June 5th. Information Services Group’s dividend payout ratio is currently 90.00%.

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.