Noble Financial reaffirmed their buy rating on shares of Information Services Group, Inc. (NASDAQ:III) in a research note published on Tuesday.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research upgraded Information Services Group from a sell rating to a hold rating in a research note on Thursday, May 11th. ValuEngine upgraded Information Services Group from a sell rating to a hold rating in a research note on Saturday, June 3rd. Finally, B. Riley restated a buy rating and issued a $6.50 price objective on shares of Information Services Group in a research note on Saturday, May 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $5.50.

Information Services Group (NASDAQ:III) traded down 0.28% during midday trading on Tuesday, reaching $3.61. The company had a trading volume of 9,906 shares. The firm has a 50-day moving average of $4.08 and a 200 day moving average of $3.54. Information Services Group has a 1-year low of $2.95 and a 1-year high of $4.32. The company’s market capitalization is $155.40 million.

Information Services Group (NASDAQ:III) last released its quarterly earnings results on Monday, August 7th. The business services provider reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Information Services Group had a negative return on equity of 10.51% and a negative net margin of 3.46%. The company had revenue of $68.04 million during the quarter, compared to analysts’ expectations of $71.18 million. On average, equities research analysts forecast that Information Services Group will post $0.32 EPS for the current year.

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In other news, CEO Michael P. Connors acquired 15,727 shares of Information Services Group stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average cost of $3.81 per share, for a total transaction of $59,919.87. Following the completion of the purchase, the chief executive officer now directly owns 4,153,830 shares in the company, valued at approximately $15,826,092.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 12.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thomson Horstmann & Bryant Inc. boosted its position in shares of 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 last quarter. Russell Investments Group Ltd. boosted its position in shares of Information Services Group by 9.0% in the second quarter. Russell Investments Group Ltd. now owns 1,427,740 shares of the business services provider’s stock valued at $5,868,000 after buying an additional 118,210 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Information Services Group by 2.5% in the second quarter. Blair William & Co. IL now owns 1,326,944 shares of the business services provider’s stock valued at $5,454,000 after buying an additional 32,315 shares during the last quarter. Weber Alan W boosted its position in shares of Information Services Group by 0.9% in the first quarter. Weber Alan W now owns 1,045,050 shares of the business services provider’s stock valued at $3,292,000 after buying an additional 9,000 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its position in shares of 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 last quarter. Hedge funds and other institutional investors own 39.87% of the company’s stock.

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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