Millennium Management LLC lowered its position in shares of Information Services Group, Inc. Common Stock (NASDAQ:III) by 53.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,764 shares of the business services provider’s stock after selling 97,174 shares during the period. Millennium Management LLC’s holdings in Information Services Group, Inc. Common Stock were worth $350,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of III. Dimensional Fund Advisors LP boosted its stake in Information Services Group, Inc. Common Stock by 32.2% in the first quarter. Dimensional Fund Advisors LP now owns 50,369 shares of the business services provider’s stock valued at $211,000 after acquiring an additional 12,275 shares in the last quarter. BlackRock Inc. boosted its stake in Information Services Group, Inc. Common Stock by 1.1% in the fourth quarter. BlackRock Inc. now owns 1,480,303 shares of the business services provider’s stock valued at $6,174,000 after acquiring an additional 15,544 shares in the last quarter. Blair William & Co. IL boosted its stake in Information Services Group, Inc. Common Stock by 1.5% in the first quarter. Blair William & Co. IL now owns 1,381,609 shares of the business services provider’s stock valued at $5,775,000 after acquiring an additional 20,450 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Information Services Group, Inc. Common Stock by 33.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 86,512 shares of the business services provider’s stock valued at $362,000 after acquiring an additional 21,900 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Information Services Group, Inc. Common Stock by 46.2% in the first quarter. Citigroup Inc. now owns 82,409 shares of the business services provider’s stock valued at $344,000 after acquiring an additional 26,056 shares in the last quarter. Hedge funds and other institutional investors own 43.32% of the company’s stock.

III has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Information Services Group, Inc. Common Stock from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Barrington Research restated a “buy” rating and issued a $6.00 price objective on shares of Information Services Group, Inc. Common Stock in a research note on Friday, May 18th. Finally, Noble Financial restated a “buy” rating and issued a $5.00 price objective on shares of Information Services Group, Inc. Common Stock in a research note on Tuesday, August 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $5.56.

NASDAQ III opened at $4.24 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.16 and a quick ratio of 2.16. Information Services Group, Inc. Common Stock has a 1 year low of $3.57 and a 1 year high of $4.63. The firm has a market capitalization of $192.59 million, a price-to-earnings ratio of 26.56, a P/E/G ratio of 1.28 and a beta of -0.16.

Information Services Group, Inc. Common Stock Company Profile

Information Services Group, Inc 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.

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Institutional Ownership by Quarter for Information Services Group, Inc. Common Stock (NASDAQ:III)

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