Information Services Group (III) Rating Lowered to Sell at Zacks Investment Research

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.

Shares of Information Services Group (III) traded up $0.01 during trading hours on Tuesday, reaching $4.14. 7,109 shares of the company were exchanged, compared to its average volume of 35,001. The company has a market capitalization of $181.41, a P/E ratio of -19.71, a price-to-earnings-growth ratio of 1.36 and a beta of 0.38. Information Services Group has a 52 week low of $2.95 and a 52 week high of $4.63. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.58.

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.

WARNING: This story was first posted by Week Herald and is the property of of Week Herald. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://weekherald.com/2018/01/11/information-services-group-iii-rating-lowered-to-sell-at-zacks-investment-research.html.

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.

Leave a Reply