Raymond James Financial Inc. Makes New Investment in Information Services Group, Inc. (NASDAQ:III)

Raymond James Financial Inc. acquired a new stake in shares of Information Services Group, Inc. (NASDAQ:III) in the fourth quarter, Holdings Channel.com reports. The firm acquired 208,950 shares of the business services provider’s stock, valued at approximately $698,000.

Several other hedge funds have also made changes to their positions in the stock. Unified Investment Management bought a new position in Information Services Group in the fourth quarter worth $124,000. Private Capital Management LLC raised its stake in shares of Information Services Group by 2.9% in the 3rd 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. Bank of New York Mellon Corp lifted its holdings in shares of Information Services Group by 5.4% during the 4th quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider’s stock worth $1,151,000 after acquiring an additional 17,629 shares during the period. Access Investment Management LLC boosted its position in shares of Information Services Group by 183.8% during the 4th quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 6,810 shares in the last quarter. Finally, EMC Capital Management increased its stake in Information Services Group by 67.0% in the fourth quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 6,896 shares during the period. Institutional investors own 73.10% of the company’s stock.

Information Services Group Stock Performance

Information Services Group stock opened at $3.75 on Monday. The company has a market cap of $180.96 million, a PE ratio of -53.56, a PEG ratio of 1.34 and a beta of 0.94. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group, Inc. has a 1 year low of $2.92 and a 1 year high of $4.05. The company’s 50-day moving average is $3.35 and its two-hundred day moving average is $3.32.

Information Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 21st were paid a $0.045 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 4.80%. Information Services Group’s dividend payout ratio (DPR) is presently 360.00%.

Analyst Ratings Changes

III has been the topic of a number of recent research reports. StockNews.com raised Information Services Group from a “buy” rating to a “strong-buy” rating in a report on Monday, March 10th. Barrington Research restated an “outperform” rating and set a $3.75 target price on shares of Information Services Group in a research report on Monday, March 10th.

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.