Thomson Horstmann & Bryant Inc. Sells 197,029 Shares of Information Services Group, Inc. (III)

Thomson Horstmann & Bryant Inc. reduced its position in Information Services Group, Inc. (NASDAQ:III) by 9.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,880,858 shares of the business services provider’s stock after selling 197,029 shares during the period. Thomson Horstmann & Bryant Inc. owned 4.37% of Information Services Group worth $7,730,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Information Services Group by 9.0% in the first quarter. Goldman Sachs Group Inc. now owns 102,735 shares of the business services provider’s stock worth $323,000 after buying an additional 8,519 shares in the last quarter. FNY Partners Fund LP boosted its position in shares of Information Services Group by 10.3% in the first quarter. FNY Partners Fund LP now owns 207,780 shares of the business services provider’s stock worth $654,000 after buying an additional 19,410 shares in the last quarter. Weber Alan W boosted its position in shares of Information Services Group by 0.9% in the first quarter. Weber Alan W now owns 1,045,050 shares of the business services provider’s stock worth $3,292,000 after buying an additional 9,000 shares in the last quarter. Woodmont Investment Counsel LLC boosted its position in shares of Information Services Group by 67.3% in the first quarter. Woodmont Investment Counsel LLC now owns 136,484 shares of the business services provider’s stock worth $430,000 after buying an additional 54,884 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Information Services Group by 1.6% in the first quarter. TIAA CREF Investment Management LLC now owns 97,320 shares of the business services provider’s stock worth $307,000 after buying an additional 1,486 shares in the last quarter. 39.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Information Services Group, Inc. (NASDAQ III) traded up 0.27% during midday trading on Friday, reaching $3.65. The company’s stock had a trading volume of 46,873 shares. The company’s market cap is $157.98 million. The stock has a 50-day moving average of $3.95 and a 200 day moving average of $3.55. Information Services Group, Inc. has a 12 month low of $2.95 and a 12 month high of $4.32.

Information Services Group (NASDAQ:III) last posted its quarterly earnings data on Monday, August 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The business had revenue of $68.04 million during the quarter, compared to the consensus estimate of $71.18 million. Information Services Group had a negative return on equity of 10.15% and a negative net margin of 3.46%. On average, analysts predict that Information Services Group, Inc. will post $0.31 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on III. B. Riley reissued a “buy” rating and issued a $6.50 price target on shares of Information Services Group in a research note on Monday. Noble Financial reissued a “buy” rating on shares of Information Services Group in a research note on Tuesday, August 8th. ValuEngine cut Information Services Group from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research cut Information Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Information Services Group has a consensus rating of “Hold” and an average target price of $5.50.

About Information Services Group

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.

Institutional Ownership by Quarter for Information Services Group (NASDAQ:III)

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