Short Interest in Information Services Group, Inc. (NASDAQ:III) Decreases By 14.2%

Information Services Group, Inc. (NASDAQ:III) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 275,400 shares, a decline of 14.2% from the August 15th total of 320,800 shares. Based on an average daily trading volume, of 156,400 shares, the short-interest ratio is currently 1.8 days. Approximately 0.8% of the company’s shares are sold short.

Information Services Group Trading Up 1.3 %

Shares of NASDAQ:III traded up $0.06 during trading on Tuesday, hitting $4.54. The company had a trading volume of 126,947 shares, compared to its average volume of 139,816. The stock has a market cap of $220.46 million, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 0.81 and a beta of 0.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.86 and a quick ratio of 2.86. The company has a fifty day simple moving average of $5.07 and a two-hundred day simple moving average of $5.13. Information Services Group has a one year low of $4.15 and a one year high of $5.87.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). Information Services Group had a return on equity of 18.84% and a net margin of 5.29%. The firm had revenue of $74.61 million during the quarter, compared to the consensus estimate of $74.16 million. As a group, equities analysts forecast that Information Services Group will post 0.38 earnings per share for the current year.

Information Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Wednesday, September 6th will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, September 5th. Information Services Group’s dividend payout ratio is 56.25%.

Insider Transactions at Information Services Group

In related news, Vice Chairman Todd D. Lavieri sold 10,000 shares of Information Services Group stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $5.21, for a total value of $52,100.00. Following the transaction, the insider now directly owns 951,721 shares of the company’s stock, valued at $4,958,466.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Michael P. Connors sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $5.48, for a total value of $274,000.00. Following the completion of the transaction, the chief executive officer now owns 5,747,242 shares in the company, valued at approximately $31,494,886.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Todd D. Lavieri sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $5.21, for a total transaction of $52,100.00. Following the completion of the sale, the insider now directly owns 951,721 shares in the company, valued at $4,958,466.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 565,277 shares of company stock worth $2,884,879. Company insiders own 16.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in III. Wells Fargo & Company MN increased its holdings in shares of Information Services Group by 104.1% in the 2nd quarter. Wells Fargo & Company MN now owns 14,858 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 7,577 shares during the period. Goldman Sachs Group Inc. raised its holdings in Information Services Group by 8.9% in the second quarter. Goldman Sachs Group Inc. now owns 111,326 shares of the business services provider’s stock worth $597,000 after purchasing an additional 9,056 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Information Services Group by 875.0% during the second quarter. Captrust Financial Advisors now owns 272,353 shares of the business services provider’s stock valued at $1,460,000 after buying an additional 244,418 shares during the last quarter. Private Capital Management LLC boosted its holdings in shares of Information Services Group by 6.2% in the 2nd quarter. Private Capital Management LLC now owns 4,958,124 shares of the business services provider’s stock valued at $26,576,000 after buying an additional 290,301 shares in the last quarter. Finally, Perritt Capital Management Inc. grew its position in shares of Information Services Group by 3.0% in the 2nd quarter. Perritt Capital Management Inc. now owns 170,567 shares of the business services provider’s stock worth $914,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 73.92% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on III. Raymond James upgraded Information Services Group from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 6th. StockNews.com upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 9th. Finally, Barrington Research restated an “outperform” rating and set a $7.00 target price on shares of Information Services Group in a research report on Monday, August 7th.

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.