Michael P. Connors Sells 50,000 Shares of Information Services Group, Inc. (NASDAQ:III) Stock

The CEO of Information Services Group, Inc., Michael P. Connors, recently sold 50,000 shares of the company's stock. This transaction took place on August 23rd and the shares were sold at an average price of $5.00, resulting in a total transaction amount of $250,000. After the sale, the CEO still holds 5,263,042 shares of the company's stock, which are valued at $26,315,210. This sale was reported in a document submitted to the Securities & Exchange Commission, and you can find more information about it through this link.

ISG Trading Down 0.2%

Shares of NASDAQ:III went down by $0.01 on Friday, dropping to $4.96. The stock had a trading volume of 75,392 shares, which is lower than its usual average of 138,263 shares. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.86, and a current ratio of 2.86. The market cap for the company is $240.86 million, with a PE ratio of 15.53 and a P/E/G ratio of 0.84. Its beta is 0.89. Information Services Group, Inc. has a 12-month low of $4.15 and a 12-month high of $6.21. The company's 50-day moving average is $5.26 and its 200-day moving average is $5.18.

Information Services Group (NASDAQ: III) recently released its financial results for the third quarter, which ended on August 3rd. The company, which provides business services, reported earnings per share (EPS) of $0.07 for the quarter. This was lower than the expected EPS of $0.09 by $0.02. The company's revenue for the quarter was $74.61 million, slightly higher than analysts' anticipated revenue of $74.16 million. Information Services Group had a net margin of 5.29% and a return on equity of 18.84%. Based on predictions from sell-side analysts, Information Services Group, Inc. is expected to post an EPS of 0.4 for the current year.

ISG Dividend Update

The company has also recently declared a dividend that will be distributed on Thursday, September 28th. Individuals who are listed as shareholders on Wednesday, September 6th will receive a dividend payment of $0.045 for each share owned. This equates to an annualized dividend of $0.18 and a dividend yield of 3.63%. The ex-dividend date is set for Tuesday, September 5th. Currently, Information Services Group's dividend payout ratio stands at 56.25%.

Wall Street Experts Predict Growth

There have been several research reports conducted on Information Services Group. Raymond James improved their rating on the company from "market perform" to "outperform" in a report released on July 6th. Barrington Research also maintained an "outperform" rating and established a target price of $7.00 for the company's shares in a report on August 7th. Lastly, StockNews.com upgraded their rating on Information Services Group from "hold" to "buy" in a report published on August 16th.

Check out our most recent analysis of stocks on III

Investors Evaluate Information Services Group

Some big investors have recently changed their holdings of III. Cerity Partners LLC purchased a new amount of shares in Information Services Group during the first quarter worth $24,589,000. SVB Wealth LLC also acquired a new stake in Information Services Group during the first quarter, also worth $24,589,000. Private Capital Management LLC increased its ownership of shares in Information Services Group by 13.2% during the first quarter. Private Capital Management LLC now possesses 4,667,823 shares of the company's stock, valued at $23,759,000, after purchasing an additional 544,497 shares during that time. BlackRock Inc. increased its ownership by 26.5% during the second quarter, now holding 2,468,184 shares valued at $13,229,000, after purchasing an additional 517,440 shares. Finally, Millennium Management LLC increased its ownership by 227.7% during the fourth quarter, now holding 612,442 shares valued at $2,817,000, after purchasing an additional 425,576 shares. Institutional investors and hedge funds now own 73.04% of the company's stock.

Discover The Power Of Information Services Group

Information Services Group (ISG) and its affiliated companies are a leading technology research and consulting firm operating across the Americas, Europe, and the Asia Pacific region. We specialize in providing a range of digital transformation solutions, such as automation, cloud computing, and data analytics. Additionally, our services include sourcing advisory, managed governance and risk, network carrier solutions, technology strategy and operations design, change management, and market intelligence. Our team also conducts extensive technology research and analysis, enabling us to provide cutting-edge insights to our clients.

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