Information Services Group, Inc. (NASDAQ:III) has been assigned an average rating of “Hold” from the five brokerages that are covering the stock, MarketBeat.com reports. 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 company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $6.50.
III has been the subject of several recent research reports. Zacks Investment Research raised shares of Information Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. ValuEngine upgraded shares of Information Services Group from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Noble Financial restated a “buy” rating on shares of Information Services Group in a report on Friday, June 9th. Finally, B. Riley restated a “buy” rating and issued a $6.50 price objective on shares of Information Services Group in a report on Saturday, May 13th.
Information Services Group (NASDAQ:III) opened at 3.55 on Tuesday. The stock’s 50 day moving average price is $4.02 and its 200-day moving average price is $3.54. The stock’s market cap is $153.65 million. Information Services Group has a 12 month low of $2.95 and a 12 month high of $4.32.
Information Services Group (NASDAQ:III) last issued its quarterly earnings results on Monday, August 7th. The business services provider reported $0.06 EPS for the quarter, meeting 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 10.15%. The company had revenue of $68.04 million during the quarter, compared to analysts’ expectations of $71.18 million. Equities analysts expect that Information Services Group will post $0.32 EPS for the current year.
In other news, CEO Michael P. Connors acquired 15,727 shares of Information Services Group stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $3.81 per share, for a total transaction of $59,919.87. Following the acquisition, the chief executive officer now owns 4,153,830 shares of the company’s stock, valued at $15,826,092.30. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 12.00% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in III. Dimensional Fund Advisors LP bought a new stake in shares of Information Services Group during the second quarter valued at approximately $188,000. Vanguard Group Inc. raised its stake in shares of Information Services Group by 0.3% in the second quarter. Vanguard Group Inc. now owns 1,743,298 shares of the business services provider’s stock valued at $7,165,000 after buying an additional 5,181 shares in the last quarter. Northern Trust Corp raised its stake in shares of Information Services Group by 5.4% in the second quarter. Northern Trust Corp now owns 381,784 shares of the business services provider’s stock valued at $1,569,000 after buying an additional 19,660 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Information Services Group by 8.1% in the second quarter. TIAA CREF Investment Management LLC now owns 105,180 shares of the business services provider’s stock valued at $432,000 after buying an additional 7,860 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Information Services Group by 12.6% in the second quarter. Teachers Advisors LLC now owns 72,314 shares of the business services provider’s stock valued at $297,000 after buying an additional 8,076 shares in the last quarter. Institutional investors and hedge funds own 39.87% of the company’s stock.
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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.
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