Information Services Group (NASDAQ:III) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
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. “
Separately, B. Riley reissued a “buy” rating and issued a $6.50 price objective on shares of Information Services Group in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $5.50.
In other news, Director Kalpana Raina sold 18,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $4.02, for a total transaction of $72,360.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 12.00% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Information Services Group by 76.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,849 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 12,098 shares during the period. Wells Fargo & Company MN increased its position in shares of Information Services Group by 82.7% in the 3rd quarter. Wells Fargo & Company MN now owns 31,916 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 14,444 shares during the period. Rhumbline Advisers increased its position in shares of Information Services Group by 6.1% in the 2nd quarter. Rhumbline Advisers now owns 32,784 shares of the business services provider’s stock valued at $135,000 after acquiring an additional 1,890 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Information Services Group in the 2nd quarter valued at $188,000. Finally, SG Americas Securities LLC increased its position in shares of Information Services Group by 7.9% in the 2nd quarter. SG Americas Securities LLC now owns 61,481 shares of the business services provider’s stock valued at $253,000 after acquiring an additional 4,487 shares during the period. 42.06% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Information Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Information Services Group and related companies with MarketBeat.com's FREE daily email newsletter.