CIBC Reaffirms “Hold” Rating for Information Services Group (III)

Information Services Group (NASDAQ:III)‘s stock had its “hold” rating restated by equities research analysts at CIBC in a note issued to investors on Thursday, AnalystRatings.com reports. They presently have a $3.00 price target on the business services provider’s stock. CIBC’s price objective suggests a potential downside of 4.46% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Barrington Research set a $6.00 price objective on shares of Information Services Group and gave the company a “buy” rating in a research note on Friday, March 8th. Noble Financial reissued a “buy” rating and set a $5.25 price objective on shares of Information Services Group in a research note on Monday, March 18th. Zacks Investment Research cut shares of Information Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, ValuEngine cut shares of Information Services Group from a “hold” rating to a “sell” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Information Services Group currently has an average rating of “Hold” and a consensus target price of $4.75.

III stock traded up $0.10 during midday trading on Thursday, hitting $3.14. The stock had a trading volume of 94,880 shares, compared to its average volume of 87,175. The stock has a market capitalization of $146.95 million, a P/E ratio of 14.27, a PEG ratio of 1.50 and a beta of 0.37. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.42 and a current ratio of 2.25. Information Services Group has a 12-month low of $2.82 and a 12-month high of $5.45.

Information Services Group (NASDAQ:III) last released its earnings results on Thursday, March 14th. The business services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.08). The firm had revenue of $67.90 million during the quarter, compared to analysts’ expectations of $72.67 million. Information Services Group had a return on equity of 11.69% and a net margin of 1.70%. Research analysts forecast that Information Services Group will post 0.17 earnings per share for the current fiscal year.

In related news, Vice Chairman Todd D. Lavieri acquired 13,500 shares of the stock in a transaction dated Thursday, March 21st. The stock was bought at an average cost of $3.74 per share, with a total value of $50,490.00. Following the purchase, the insider now directly owns 630,790 shares of the company’s stock, valued at $2,359,154.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael P. Connors acquired 40,000 shares of the stock in a transaction dated Thursday, March 21st. The shares were bought at an average cost of $3.72 per share, with a total value of $148,800.00. Following the completion of the purchase, the chief executive officer now directly owns 4,884,944 shares in the company, valued at $18,171,991.68. The disclosure for this purchase can be found here. Insiders have bought a total of 55,550 shares of company stock valued at $206,896 over the last three months. Corporate insiders own 13.90% of the company’s stock.

Several large investors have recently bought and sold shares of III. Private Capital Management LLC lifted its holdings in shares of Information Services Group by 19.0% during the 1st quarter. Private Capital Management LLC now owns 4,570,564 shares of the business services provider’s stock valued at $17,048,000 after acquiring an additional 730,728 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Information Services Group by 15.0% during the 3rd quarter. Vanguard Group Inc now owns 2,022,067 shares of the business services provider’s stock valued at $9,666,000 after acquiring an additional 264,143 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Information Services Group by 15.0% during the 3rd quarter. Vanguard Group Inc. now owns 2,022,067 shares of the business services provider’s stock valued at $9,666,000 after acquiring an additional 264,143 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Information Services Group by 35.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 487,248 shares of the business services provider’s stock valued at $2,066,000 after acquiring an additional 127,335 shares in the last quarter. Finally, Globeflex Capital L P lifted its holdings in shares of Information Services Group by 487.1% during the 1st quarter. Globeflex Capital L P now owns 103,218 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 85,638 shares in the last quarter. Institutional investors and hedge funds own 46.87% of the company’s stock.

Information Services Group Company Profile

Information Services Group, Inc engages in the provision of sourcing advisory services. It operaets through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defence, automotive, banking, energy, healthcare and insurance industries.

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