Information Services Group, Inc. (NASDAQ:III) EVP Thomas S. Kucinski purchased 15,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were bought at an average price of $3.65 per share, for a total transaction of $54,750.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Information Services Group, Inc. (NASDAQ III) opened at 3.74 on Wednesday. The stock’s market cap is $161.88 million. The firm’s 50-day moving average price is $3.94 and its 200 day moving average price is $3.56. Information Services Group, Inc. has a one year low of $2.95 and a one year high of $4.32.
Information Services Group (NASDAQ:III) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. Information Services Group had a negative net margin of 3.46% and a negative return on equity of 10.15%. The company had revenue of $68.04 million during the quarter, compared to analysts’ expectations of $71.18 million. Equities research analysts expect that Information Services Group, Inc. will post $0.31 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC boosted its stake in Information Services Group by 1.6% in the first quarter. TIAA CREF Investment Management LLC now owns 97,320 shares of the business services provider’s stock valued at $307,000 after buying an additional 1,486 shares during the last quarter. Rhumbline Advisers boosted its stake in Information Services Group by 6.1% in the second quarter. Rhumbline Advisers now owns 32,784 shares of the business services provider’s stock valued at $135,000 after buying an additional 1,890 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Information Services Group by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 95,580 shares of the business services provider’s stock valued at $301,000 after buying an additional 2,623 shares during the last quarter. SG Americas Securities LLC boosted its stake in Information Services Group by 7.9% in the second quarter. SG Americas Securities LLC now owns 61,481 shares of the business services provider’s stock valued at $253,000 after buying an additional 4,487 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Information Services Group by 0.3% in the second quarter. Vanguard Group Inc. now owns 1,743,298 shares of the business services provider’s stock valued at $7,165,000 after buying an additional 5,181 shares during the last quarter. Institutional investors own 39.74% of the company’s stock.
Several equities research analysts have weighed in on III shares. Noble Financial restated a “buy” rating on shares of Information Services Group in a report on Friday, June 9th. ValuEngine downgraded Information Services Group from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Zacks Investment Research upgraded Information Services Group from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, B. Riley restated a “buy” rating and set a $6.50 price target on shares of Information Services Group in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.50.
About Information Services Group
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.
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