Information Services Group, Inc. (NASDAQ:III) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Information Services Group, Inc. (NASDAQ:III) by 40.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,752 shares of the business services provider’s stock after buying an additional 5,983 shares during the quarter. SG Americas Securities LLC’s holdings in Information Services Group were worth $69,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in III. Geode Capital Management LLC boosted its holdings 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 buying an additional 70,135 shares in the last quarter. Barclays PLC lifted its holdings in Information Services Group by 52.5% during the third quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 34,816 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Information Services Group by 30.7% during the third quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 26,019 shares in the last quarter. AQR Capital Management LLC purchased a new position in Information Services Group during the second quarter valued at $57,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Information Services Group during the third quarter valued at $60,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Information Services Group

In other news, Director Kalpana Raina sold 15,075 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $3.35, for a total value of $50,501.25. Following the transaction, the director now directly owns 359,338 shares of the company’s stock, valued at approximately $1,203,782.30. This trade represents a 4.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 16.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on III shares. StockNews.com raised shares of Information Services Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Barrington Research raised their price target on shares of Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, Singular Research raised shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th.

Information Services Group Stock Performance

NASDAQ:III opened at $3.22 on Friday. The company’s 50-day moving average price is $3.32 and its 200-day moving average price is $3.30. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. The company has a market cap of $158.01 million, a P/E ratio of -45.99, a P/E/G ratio of 1.38 and a beta of 1.00. Information Services Group, Inc. has a twelve month low of $2.92 and a twelve month high of $4.49.

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.