Strong business momentum earns firm a place on leading U.S. small-cap benchmark
Information Services Group, a leading global technology research and advisory firm, said it has been named to the Russell 2000 Index, the leading U.S. barometer of small-cap stocks, on the strength of its business momentum and resulting increase in its market capitalization.
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“We continue to focus on sustainable, long-term growth, margin expansion, and free cash flow generation as a means of delivering attractive returns to our shareholders.”
ISG officially was added to Russell 2000 Index as part of the annual reconstitution of the entire family of Russell indexes that took place after the close of trading on Friday, June 24.
“ISG is a business with strong momentum,” said Michael P. Connors, chairman and CEO. “Our record first-quarter revenues and profits are the latest in a string of increasingly strong operating results our firm has produced over the last two years. Clients continue to seek our advice and support to digitally transform their businesses for operational excellence and faster growth.”
Connors called the firm’s addition to the Russell 2000 “a significant milestone.”
“We are delighted the market has recognized our performance and has valued us among the top small-cap stocks in America,” he said. “As part of the Russell 2000, our shares will enjoy a higher profile and we will have further opportunities to expand our shareholder base with institutional and index investors.”
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Connors said ISG is committed to long-term value creation for its clients, employees and shareholders. “We continue to focus on sustainable, long-term growth, margin expansion, and free cash flow generation as a means of delivering attractive returns to our shareholders.”
On May 9, ISG announced a 33 percent increase in its quarterly dividend, to $0.04 per common share, part of a capital allocation strategy that also includes share repurchases, debt repayment and strategic acquisitions.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider wholly owned by London Stock Exchange Group.
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