Information Services Group, Inc. (NASDAQ:III) to Issue $0.05 Quarterly Dividend

Information Services Group, Inc. (NASDAQ:III) declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Friday, June 5th will be paid a dividend of 0.045 per share by the business services provider on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, June 5th.

Information Services Group has a payout ratio of 100.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Information Services Group to earn $0.34 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 52.9%.

Information Services Group Stock Down 1.4%

Shares of Information Services Group stock opened at $4.11 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.34 and a current ratio of 2.34. Information Services Group has a 52-week low of $3.74 and a 52-week high of $6.45. The stock has a market capitalization of $195.94 million, a price-to-earnings ratio of 22.83, a P/E/G ratio of 0.90 and a beta of 1.06. The company’s 50 day moving average price is $4.15 and its 200-day moving average price is $5.05.

Information Services Group (NASDAQ:III) last issued its earnings results on Thursday, March 5th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. Information Services Group had a net margin of 3.82% and a return on equity of 11.49%. The firm had revenue of $61.21 million for the quarter, compared to analysts’ expectations of $61.11 million. Equities research analysts forecast that Information Services Group will post 0.27 EPS for the current year.

Institutional Trading of Information Services Group

Several large investors have recently added to or reduced their stakes in III. Hillsdale Investment Management Inc. boosted its holdings in Information Services Group by 603.2% in the third quarter. Hillsdale Investment Management Inc. now owns 480,318 shares of the business services provider’s stock valued at $2,762,000 after acquiring an additional 412,018 shares in the last quarter. Essex Investment Management Co. LLC bought a new stake in Information Services Group in the fourth quarter valued at $2,177,000. Potomac Capital Management Inc. bought a new stake in Information Services Group in the fourth quarter valued at $1,687,000. O Shaughnessy Asset Management LLC boosted its holdings in Information Services Group by 51.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 771,444 shares of the business services provider’s stock valued at $4,459,000 after acquiring an additional 262,509 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in Information Services Group by 68.8% in the fourth quarter. Ritholtz Wealth Management now owns 539,232 shares of the business services provider’s stock valued at $3,117,000 after acquiring an additional 219,723 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

About Information Services Group

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.