Information Services Group, Inc. (NASDAQ:III) Stock Rating Lowered by Zacks Investment Research

Information Services Group, Inc. (NASDAQ:III) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, July 12th.

According to Zacks, “INFORMATION SERVICES GROUP, INC. was founded to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory, data, business and media information services. ISG’s first acquisition – TPI, the world’s leading data and advisory firm in global sourcing – provides a solid platform upon which to build a prominent, high-growth information-based services company. Based in Stamford, Connecticut, ISG has a proven leadership team with global experience in information-based services and a track record of creating significant value for shareowners, clients and employees. ISG’s strategy is to acquire and grow dynamic, innovative businesses that provide must have information-based services to such sectors as consumer products, retailing, financial services, manufacturing, media, marketing, healthcare, legal, government, telecommunications and technology. “

Several other analysts have also issued reports on the stock. TheStreet lowered shares of Information Services Group from a “c-” rating to a “d” rating in a research report on Friday, March 24th. ValuEngine upgraded shares of Information Services Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd. Noble Financial restated a “buy” rating on shares of Information Services Group in a research report on Friday, June 9th. Finally, B. Riley restated a “buy” rating and set a $6.50 price target on shares of Information Services Group in a research report on Saturday, May 13th. One 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. Information Services Group presently has an average rating of “Hold” and a consensus target price of $5.50.

Shares of Information Services Group (NASDAQ III) opened at 3.55 on Wednesday. Information Services Group has a 12 month low of $2.95 and a 12 month high of $4.32. The company’s market cap is $153.65 million. The company’s 50-day moving average price is $4.02 and its 200-day moving average price is $3.54.

Information Services Group (NASDAQ:III) last posted its quarterly earnings results 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. Information Services Group had a negative net margin of 3.46% and a negative return on equity of 10.15%. The business had revenue of $68.04 million during the quarter, compared to analysts’ expectations of $71.18 million. Analysts anticipate that Information Services Group will post $0.32 EPS for the current year.

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In other Information Services Group news, CEO Michael P. Connors purchased 15,727 shares of Information Services Group stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $3.81 per share, for a total transaction of $59,919.87. Following the transaction, the chief executive officer now directly owns 4,153,830 shares in the company, valued at $15,826,092.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in III. State Street Corp increased its position in shares of Information Services Group by 37.0% in the fourth quarter. State Street Corp now owns 419,986 shares of the business services provider’s stock worth $1,530,000 after buying an additional 113,356 shares during the last quarter. Teachers Advisors LLC increased its position in shares of 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 worth $211,000 after buying an additional 7,084 shares during the last quarter. Thomson Horstmann & Bryant Inc. increased its position in shares of Information Services Group by 6.8% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 2,077,887 shares of the business services provider’s stock worth $6,545,000 after buying an additional 132,490 shares during the last quarter. Weber Alan W increased 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 during the last quarter. Finally, FNY Partners Fund LP increased 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 during the last quarter. Hedge funds and other institutional investors own 39.87% of the company’s stock.

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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