Information Services Group, Inc. (III) Given Consensus Recommendation of “Hold” by Analysts

Shares of Information Services Group, Inc. (NASDAQ:III) have earned an average rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $4.13.

III has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Information Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Barrington Research set a $6.00 price objective on 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. ValuEngine downgraded Information Services Group from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Finally, CIBC reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Information Services Group in a research note on Thursday, May 16th.

In other Information Services Group news, CEO Michael P. Connors bought 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of $3.72 per share, with a total value of $148,800.00. Following the purchase, the chief executive officer now owns 4,884,944 shares of the company’s stock, valued at $18,171,991.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Todd D. Lavieri bought 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average cost of $3.74 per share, for a total transaction of $50,490.00. Following the purchase, the insider now directly owns 630,790 shares in the company, valued at approximately $2,359,154.60. The disclosure for this purchase can be found here. Insiders have purchased a total of 55,550 shares of company stock worth $206,896 in the last three months. 13.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in Information Services Group by 50.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 359,913 shares of the business services provider’s stock worth $1,720,000 after acquiring an additional 120,233 shares during the last quarter. Vanguard Group Inc. increased its stake in Information Services Group by 15.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,022,067 shares of the business services provider’s stock worth $9,666,000 after acquiring an additional 264,143 shares during the last quarter. Vanguard Group Inc increased its stake in Information Services Group by 15.0% in the 3rd quarter. Vanguard Group Inc now owns 2,022,067 shares of the business services provider’s stock worth $9,666,000 after acquiring an additional 264,143 shares during the last quarter. Rhumbline Advisers increased its stake in Information Services Group by 47.4% in the 4th quarter. Rhumbline Advisers now owns 46,159 shares of the business services provider’s stock worth $196,000 after acquiring an additional 14,846 shares during the last quarter. Finally, Bailard Inc. bought a new stake in Information Services Group in the 4th quarter worth approximately $42,000. 46.87% of the stock is currently owned by institutional investors.

III stock traded up $0.05 during midday trading on Thursday, reaching $3.26. The company had a trading volume of 219 shares, compared to its average volume of 87,156. The company has a market cap of $146.02 million, a price-to-earnings ratio of 14.45, a PEG ratio of 2.01 and a beta of 0.37. The company has a quick ratio of 2.42, a current ratio of 2.25 and a debt-to-equity ratio of 1.17. Information Services Group has a 1 year low of $2.82 and a 1 year high of $5.45.

Information Services Group (NASDAQ:III) last released its quarterly earnings results on Thursday, March 14th. The business services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.08). The business had revenue of $67.90 million for the quarter, compared to the consensus estimate of $72.67 million. Information Services Group had a net margin of 1.70% and a return on equity of 11.69%. On average, research analysts anticipate that Information Services Group will post 0.16 EPS for the current year.

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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