Zacks Investment Research Downgrades Information Services Group (III) to Sell
Information Services Group (NASDAQ:III) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
According to Zacks, “INFORMATION SERVICES GROUP, INC. was founded to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory, data, business and media information services. ISG’s first acquisition – TPI, the world’s leading data and advisory firm in global sourcing – provides a solid platform upon which to build a prominent, high-growth information-based services company. Based in Stamford, Connecticut, ISG has a proven leadership team with global experience in information-based services and a track record of creating significant value for shareowners, clients and employees. ISG’s strategy is to acquire and grow dynamic, innovative businesses that provide must have information-based services to such sectors as consumer products, retailing, financial services, manufacturing, media, marketing, healthcare, legal, government, telecommunications and technology. “
Separately, B. Riley reiterated a “buy” rating and issued a $6.50 price objective on shares of Information Services Group in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.50.
Shares of Information Services Group (NASDAQ III) opened at $4.11 on Tuesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.89 and a quick ratio of 1.89. Information Services Group has a 12-month low of $2.95 and a 12-month high of $4.63. The stock has a market capitalization of $181.41, a price-to-earnings ratio of -19.57, a P/E/G ratio of 1.36 and a beta of 0.38.
In other Information Services Group news, Director Kalpana Raina sold 18,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $4.02, for a total transaction of $72,360.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 12.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in III. Rhumbline Advisers increased its holdings in shares of Information Services Group by 6.1% in the second quarter. Rhumbline Advisers now owns 32,784 shares of the business services provider’s stock worth $135,000 after buying an additional 1,890 shares during the period. SG Americas Securities LLC increased its holdings in shares of 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 worth $253,000 after buying an additional 4,487 shares during the period. Vanguard Group Inc. increased its holdings in shares of 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 worth $7,165,000 after buying an additional 5,181 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of Information Services Group by 8.1% in the second quarter. TIAA CREF Investment Management LLC now owns 105,180 shares of the business services provider’s stock worth $432,000 after buying an additional 7,860 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of Information Services Group by 12.6% in the second quarter. Teachers Advisors LLC now owns 72,314 shares of the business services provider’s stock worth $297,000 after buying an additional 8,076 shares during the period. Institutional investors and hedge funds own 42.06% of the company’s stock.
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Information Services Group Company Profile
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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