Several other research analysts have also recently commented on the company. ValuEngine cut Information Services Group from a hold rating to a sell rating in a research note on Monday, August 7th. B. Riley restated a buy rating and set a $6.50 price objective on shares of Information Services Group in a research note on Friday, August 4th. 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 assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $5.50.
Information Services Group (NASDAQ III) opened at 3.55 on Tuesday. Information Services Group has a one year low of $2.95 and a one year high of $4.32. The stock’s market capitalization 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 released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. Information Services Group had a negative return on equity of 10.15% and a negative net margin of 3.46%. The business had revenue of $68.04 million for the quarter, compared to analysts’ expectations of $71.18 million. Equities research analysts predict 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 acquired 15,727 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average cost of $3.81 per share, with a total value of $59,919.87. Following the acquisition, the chief executive officer now directly owns 4,153,830 shares of the company’s stock, valued at approximately $15,826,092.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 12.00% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers raised its position in shares of Information Services Group by 6.1% in the second quarter. Rhumbline Advisers now owns 32,784 shares of the business services provider’s stock worth $135,000 after buying an additional 1,890 shares during the last quarter. Oxford Asset Management purchased a new position in shares of Information Services Group during the first quarter worth about $119,000. Dimensional Fund Advisors LP purchased a new position in shares of Information Services Group during the second quarter worth about $188,000. SG Americas Securities LLC purchased a new position in shares of Information Services Group during the first quarter worth about $180,000. Finally, Teachers Advisors LLC raised 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. 39.87% of the stock is owned by hedge funds and other institutional investors.
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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