Information Services Group Inc. (III) Downgraded by Zacks Investment Research to Sell
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. “
Several other research firms also recently weighed in on III. B. Riley reissued a buy rating and issued a $6.25 price target on shares of Information Services Group in a research note on Monday, August 15th. Maxim Group boosted their price target on shares of Information Services Group from $5.00 to $6.00 and gave the stock a buy rating in a research note on Monday, August 8th.
Information Services Group (NASDAQ:III) opened at 3.76 on Tuesday. The company’s 50-day moving average price is $3.97 and its 200 day moving average price is $3.91. The firm has a market capitalization of $134.21 million, a price-to-earnings ratio of 35.47 and a beta of 0.40. Information Services Group has a 52-week low of $2.86 and a 52-week high of $4.32.
Information Services Group (NASDAQ:III) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.02. Information Services Group had a return on equity of 16.95% and a net margin of 1.84%. The company had revenue of $60.40 million for the quarter, compared to the consensus estimate of $55.60 million. Equities analysts predict that Information Services Group will post $0.27 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. bought a new position in shares of Information Services Group during the second quarter valued at about $120,000. Teachers Advisors Inc. bought a new position in shares of Information Services Group during the second quarter valued at about $191,000. Algert Global LLC bought a new position in shares of Information Services Group during the third quarter valued at about $207,000. Schwab Charles Investment Management Inc. bought a new position in shares of Information Services Group during the second quarter valued at about $210,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Information Services Group during the second quarter worth $244,000. Institutional investors own 52.49% of the company’s stock.
About Information Services Group
Information Services Group, Inc (ISG) is a technology insights, market intelligence and advisory services company. The Company operates in the segment of fact-based sourcing advisory services. ISG 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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