Equities research analysts expect Information Services Group, Inc. (NASDAQ:III) to report $0.07 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Information Services Group’s earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.03. Information Services Group reported earnings per share of ($0.22) during the same quarter last year, which suggests a positive year over year growth rate of 131.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 14th.
According to Zacks, analysts expect that Information Services Group will report full year earnings of $0.26 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.32. For the next year, analysts expect that the company will post earnings of $0.31 per share, with EPS estimates ranging from $0.19 to $0.36. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Information Services Group.
Several equities research analysts have recently issued reports on III shares. B. Riley reaffirmed a “buy” rating and set a $6.50 price objective on shares of Information Services Group in a research report on Monday, August 14th. Noble Financial reaffirmed a “buy” rating on shares of Information Services Group in a research report on Tuesday, August 8th. ValuEngine raised shares of Information Services Group from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Information Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $5.50.
Information Services Group (NASDAQ:III) traded down $0.06 during trading on Thursday, hitting $3.92. 31,400 shares of the stock traded hands, compared to its average volume of 83,317. Information Services Group has a 1-year low of $2.95 and a 1-year high of $4.30. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.15 and a quick ratio of 2.15.
In other news, EVP Thomas S. Kucinski acquired 15,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was acquired at an average cost of $3.65 per share, with a total value of $54,750.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have bought 31,836 shares of company stock valued at $117,343. Corporate insiders own 12.00% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its stake in Information Services Group by 82.7% during the 3rd quarter. Wells Fargo & Company MN now owns 31,916 shares of the business services provider’s stock worth $128,000 after acquiring an additional 14,444 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Information Services Group by 76.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,849 shares of the business services provider’s stock worth $114,000 after acquiring an additional 12,098 shares in the last quarter. State Street Corp raised its stake in Information Services Group by 9.1% during the 2nd quarter. State Street Corp now owns 462,199 shares of the business services provider’s stock worth $1,899,000 after acquiring an additional 38,369 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in Information Services Group by 6.4% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 895,000 shares of the business services provider’s stock worth $3,678,000 after acquiring an additional 53,739 shares in the last quarter. Finally, Manatuck Hill Partners LLC acquired a new stake in Information Services Group during the 2nd quarter worth $377,000. Hedge funds and other institutional investors own 40.46% of the company’s stock.
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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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