Information Services Group, Inc. (NASDAQ:III)‘s stock had its “buy” rating reissued by equities research analysts at Noble Financial in a research note issued on Tuesday.
III has been the topic of several other research reports. B. Riley restated a “buy” rating and set a $6.50 price target on shares of Information Services Group in a research note on Friday, August 4th. ValuEngine upgraded shares of Information Services Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. Finally, Zacks Investment Research lowered shares of Information Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $5.50.
Information Services Group (NASDAQ:III) opened at 3.61 on Tuesday. Information Services Group has a 12-month low of $2.95 and a 12-month high of $4.32. The firm’s market cap is $155.40 million. The company’s 50 day moving average is $4.08 and its 200 day moving average is $3.54.
Information Services Group (NASDAQ:III) last announced its quarterly earnings results on Monday, August 7th. The business services provider reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. Information Services Group had a negative net margin of 3.46% and a negative return on equity of 10.51%. The company had revenue of $68.04 million for the quarter, compared to analyst estimates of $71.18 million. On average, equities analysts anticipate that Information Services Group will post $0.32 earnings per share for the current year.
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In other news, CEO Michael P. Connors acquired 15,727 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average cost of $3.81 per share, with a total value of $59,919.87. Following the acquisition, the chief executive officer now owns 4,153,830 shares in the company, valued at $15,826,092.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 12.00% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of III. Oxford Asset Management purchased a new stake in Information Services Group during the first quarter valued at about $119,000. Rhumbline Advisers increased its stake in Information Services Group by 6.1% in the second quarter. Rhumbline Advisers now owns 32,784 shares of the business services provider’s stock valued at $135,000 after buying an additional 1,890 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Information Services Group during the first quarter valued at about $180,000. Teachers Advisors LLC increased its stake in Information Services Group by 13.9% in the fourth quarter. Teachers Advisors LLC now owns 57,997 shares of the business services provider’s stock valued at $211,000 after buying an additional 7,084 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Information Services Group by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 95,580 shares of the business services provider’s stock valued at $301,000 after buying an additional 2,623 shares in the last quarter. 39.87% of the stock is owned by institutional investors and hedge funds.
Information Services Group Company Profile
Information Services Group, Inc is a technology insights, market intelligence and advisory services company. The Company operates in the segment of fact-based sourcing advisory services. It supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services with a focus on information technology, business process transformation, program management services and enterprise resource planning.
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