Brokerages Set Information Services Group, Inc. (NASDAQ:III) PT at $6.25

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.

COPYRIGHT VIOLATION WARNING: This story was first published by BNB Daily and is the property of of BNB Daily. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://www.baseball-news-blog.com/2017/08/20/information-services-group-inc-nasdaqiii-given-average-recommendation-of-buy-by-analysts-updated-updated-updated.html.

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.

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