Picton Mahoney Asset Management Boosts Stock Holdings in Information Services Group, Inc. (NASDAQ:III)

Picton Mahoney Asset Management lifted its position in Information Services Group, Inc. (NASDAQ:III) by 47.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,704 shares of the business services provider’s stock after purchasing an additional 3,110 shares during the period. Picton Mahoney Asset Management’s holdings in Information Services Group were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in III. Private Capital Management LLC increased its position in shares of Information Services Group by 2.9% in the third quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider’s stock valued at $18,422,000 after buying an additional 159,141 shares in the last quarter. Barclays PLC grew its stake in Information Services Group by 52.5% in the 3rd quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock valued at $334,000 after acquiring an additional 34,816 shares during the period. SG Americas Securities LLC increased its holdings in Information Services Group by 40.5% in the 4th quarter. SG Americas Securities LLC now owns 20,752 shares of the business services provider’s stock worth $69,000 after acquiring an additional 5,983 shares in the last quarter. Geode Capital Management LLC raised its position in 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 worth $2,709,000 after acquiring an additional 70,135 shares during the period. Finally, State Street Corp lifted its holdings in Information Services Group by 3.2% during the third quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock valued at $1,934,000 after purchasing an additional 17,796 shares in the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Barrington Research reissued an “outperform” rating and set a $3.75 target price on shares of Information Services Group in a research note on Monday, March 10th. StockNews.com upgraded Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 10th.

Information Services Group Trading Up 4.2 %

Shares of III opened at $3.50 on Tuesday. Information Services Group, Inc. has a 52-week low of $2.92 and a 52-week high of $4.19. The stock has a market cap of $171.75 million, a PE ratio of -49.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. The firm’s fifty day moving average is $3.18 and its two-hundred day moving average is $3.27. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69.

Information Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 21st will be given a dividend of $0.045 per share. The ex-dividend date is Friday, March 21st. This represents a $0.18 dividend on an annualized basis and a yield of 5.14%. Information Services Group’s payout ratio is presently 360.00%.

Information Services Group Company Profile

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.