Information Services Group (III) Earning Favorable News Coverage, Study Shows
News headlines about Information Services Group (NASDAQ:III) have trended positive on Sunday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Information Services Group earned a news impact score of 0.44 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- ISG Index™: Global As-a-Service Approaching Parity with Traditional Sourcing (finance.yahoo.com)
- Information Services Group To Announce Second Quarter 2017 Financial Results (finance.yahoo.com)
- Digital Revolution Reshaping Sourcing Demand Across Multiple Industries, ISG Research Finds (finance.yahoo.com)
- Cosolidation > best payday loan services > approval in seconds (maceandcrown.com)
- Forum casino luxembourg – Genting berhad v genting casino inc (news.uscupstate.edu)
Information Services Group (III) opened at 4.15 on Friday. The stock’s 50 day moving average price is $3.90 and its 200 day moving average price is $3.47. The stock’s market cap is $178.65 million. Information Services Group has a 52 week low of $2.95 and a 52 week high of $4.32.
Information Services Group (NASDAQ:III) last posted its earnings results on Monday, May 8th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.05. Information Services Group had a negative return on equity of 13.06% and a negative net margin of 2.75%. The firm had revenue of $66.56 million for the quarter, compared to analyst estimates of $64.50 million. On average, analysts forecast that Information Services Group will post $0.34 earnings per share for the current year.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Information Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Noble Financial restated a “buy” rating on shares of Information Services Group in a research note on Friday, June 9th. ValuEngine upgraded Information Services Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. B. Riley restated a “buy” rating and set a $6.50 price target on shares of Information Services Group in a research note on Saturday, May 13th. Finally, TheStreet lowered Information Services Group from a “c-” rating to a “d” rating in a research note on Friday, March 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Information Services Group has a consensus rating of “Buy” and an average target price of $5.67.
In other news, CEO Michael P. Connors bought 15,727 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average price of $3.81 per share, with a total value of $59,919.87. Following the purchase, the chief executive officer now owns 4,153,830 shares in the company, valued at $15,826,092.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.00% of the stock is currently owned by corporate insiders.
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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