Information Services Group, Inc. (NASDAQ:III) Stock Rating Reaffirmed by Noble Financial

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.

TRADEMARK VIOLATION NOTICE: “Information Services Group, Inc. (NASDAQ:III) Stock Rating Reaffirmed by Noble Financial” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://sportsperspectives.com/2017/08/10/information-services-group-inc-nasdaqiii-stock-rating-reaffirmed-by-noble-financial.html.

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.

Receive News & Ratings for Information Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Information Services Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply