Information Services Group, Inc. (NASDAQ:III) Given Average Rating of “Hold” by Analysts

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Shares of Information Services Group, Inc. (NASDAQ:III) have been assigned an average rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $4.13.

A number of equities analysts have issued reports on the company. ValuEngine upgraded Information Services Group from a “sell” rating to a “hold” rating in a report on Friday. CIBC restated a “hold” rating and set a $3.00 price target on shares of Information Services Group in a report on Thursday, May 16th. Zacks Investment Research cut Information Services Group from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Noble Financial restated a “buy” rating and set a $5.25 price target on shares of Information Services Group in a report on Monday, March 18th. Finally, Barrington Research cut Information Services Group from an “outperform” rating to a “market perform” rating in a report on Monday, March 18th.

In other Information Services Group news, Vice Chairman Todd D. Lavieri bought 13,500 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $3.74 per share, with a total value of $50,490.00. Following the transaction, the insider now directly owns 630,790 shares in the company, valued at approximately $2,359,154.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Todd D. Lavieri sold 41,236 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $2.91, for a total value of $119,996.76. Following the sale, the insider now directly owns 584,630 shares of the company’s stock, valued at $1,701,273.30. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 55,550 shares of company stock worth $206,896 and sold 82,306 shares worth $244,037. 13.90% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. Private Capital Management LLC increased its holdings in Information Services Group by 19.0% in the 1st quarter. Private Capital Management LLC now owns 4,570,564 shares of the business services provider’s stock worth $17,048,000 after acquiring an additional 730,728 shares during the last quarter. Vanguard Group Inc. increased its holdings 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. Dimensional Fund Advisors LP increased its holdings in Information Services Group by 35.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 487,248 shares of the business services provider’s stock worth $2,066,000 after acquiring an additional 127,335 shares during the last quarter. Globeflex Capital L P increased its holdings in Information Services Group by 487.1% in the 1st quarter. Globeflex Capital L P now owns 103,218 shares of the business services provider’s stock worth $385,000 after acquiring an additional 85,638 shares during the last quarter. Finally, Equitable Trust Co. increased its holdings in Information Services Group by 21.5% in the 4th quarter. Equitable Trust Co. now owns 267,117 shares of the business services provider’s stock worth $1,133,000 after acquiring an additional 47,300 shares during the last quarter. 45.80% of the stock is owned by hedge funds and other institutional investors.

Shares of Information Services Group stock traded down $0.10 on Monday, reaching $3.22. 1,315 shares of the company’s stock were exchanged, compared to its average volume of 72,764. The firm has a market cap of $155.37 million, a P/E ratio of 14.74, a P/E/G ratio of 1.40 and a beta of 0.47. Information Services Group has a 52 week low of $2.65 and a 52 week high of $5.45. The business has a 50-day moving average price of $3.25. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.17.

Information Services Group (NASDAQ:III) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $64.79 million for the quarter, compared to the consensus estimate of $66.40 million. Information Services Group had a return on equity of 11.69% and a net margin of 1.70%. Sell-side analysts forecast that Information Services Group will post 0.16 earnings per share for the current fiscal year.

About Information Services Group

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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