Information Services Group, Inc. (NASDAQ:III) posted its quarterly earnings data on Monday. The business services provider reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06, Morningstar.com reports. 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 $68.04 million for the quarter, compared to the consensus estimate of $71.18 million.

Information Services Group (III) remained flat at $3.62 during mid-day trading on Tuesday. The stock had a trading volume of 24,389 shares. The stock has a 50 day moving average of $4.08 and a 200-day moving average of $3.53. Information Services Group has a 12-month low of $2.95 and a 12-month high of $4.32. The firm’s market cap is $155.83 million.

In other news, CEO Michael P. Connors acquired 15,727 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of $3.81 per share, for a total transaction 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.00% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the company. State Street Corp raised its stake in Information Services Group by 37.0% in the fourth quarter. State Street Corp now owns 419,986 shares of the business services provider’s stock valued at $1,530,000 after buying an additional 113,356 shares during the period. Teachers Advisors LLC raised its stake in Information Services Group by 13.9% in the fourth quarter. Teachers Advisors LLC now owns 57,997 shares of the business services provider’s stock valued at $211,000 after buying an additional 7,084 shares during the period. Thomson Horstmann & Bryant Inc. raised its stake in Information Services Group by 6.8% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 2,077,887 shares of the business services provider’s stock valued at $6,545,000 after buying an additional 132,490 shares during the period. Clear Harbor Asset Management LLC raised its stake in Information Services Group by 25.3% in the first quarter. Clear Harbor Asset Management LLC now owns 138,540 shares of the business services provider’s stock valued at $436,000 after buying an additional 28,000 shares during the period. Finally, Punch & Associates Investment Management Inc. raised its stake in Information Services Group by 3.9% in the first quarter. Punch & Associates Investment Management Inc. now owns 841,261 shares of the business services provider’s stock valued at $2,650,000 after buying an additional 31,261 shares during the period. Institutional investors own 39.87% of the company’s stock.

Several research analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating and issued a $6.50 price objective on shares of Information Services Group in a research note on Friday. ValuEngine downgraded Information Services Group from a “hold” rating to a “sell” rating in a research note on Monday. Noble Financial reaffirmed a “buy” rating on shares of Information Services Group in a research note on Friday, June 9th. Finally, Zacks Investment Research downgraded Information Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Information Services Group currently has an average rating of “Hold” and an average price target of $5.67.

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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.

Earnings History for Information Services Group (NASDAQ:III)

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