Information Services Group (NASDAQ:III) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Information Services Group (NASDAQ:III) released its earnings results on Wednesday. The business services provider reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05, FiscalAI reports. Information Services Group had a net margin of 4.29% and a return on equity of 12.92%. The business had revenue of $65.49 million during the quarter, compared to the consensus estimate of $62.86 million.

Information Services Group Stock Performance

Shares of III traded down $0.12 during mid-day trading on Wednesday, reaching $4.26. The company’s stock had a trading volume of 206,542 shares, compared to its average volume of 189,038. Information Services Group has a 1-year low of $3.74 and a 1-year high of $6.45. The stock has a market cap of $203.80 million, a P/E ratio of 21.30, a PEG ratio of 0.95 and a beta of 1.10. The business has a 50-day simple moving average of $4.14 and a two-hundred day simple moving average of $4.37. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.63.

Institutional Investors Weigh In On Information Services Group

A number of large investors have recently added to or reduced their stakes in III. Rhumbline Advisers boosted its position in Information Services Group by 4.4% during the second quarter. Rhumbline Advisers now owns 53,200 shares of the business services provider’s stock worth $255,000 after purchasing an additional 2,251 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Information Services Group by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock valued at $1,150,000 after purchasing an additional 3,453 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Information Services Group by 65.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after buying an additional 3,739 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Information Services Group by 22.5% during the 1st quarter. Invesco Ltd. now owns 20,546 shares of the business services provider’s stock worth $80,000 after buying an additional 3,780 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Information Services Group by 17.8% in the 3rd quarter. Alliancebernstein L.P. now owns 31,710 shares of the business services provider’s stock valued at $182,000 after buying an additional 4,800 shares during the last quarter. Institutional investors own 73.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on III shares. Barrington Research restated an “outperform” rating and set a $5.50 price objective on shares of Information Services Group in a research note on Thursday, April 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Information Services Group in a report on Tuesday, June 9th. Finally, Wall Street Zen cut Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Information Services Group presently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Information Services Group Company Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.