Information Services Group Inc. (III) Rating Lowered to Sell at Zacks Investment Research
Information Services Group Inc. (NASDAQ:III) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.
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 brokerages have also commented on III. B. Riley restated a “buy” rating and set a $6.25 price target on shares of Information Services Group in a research note on Tuesday. Maxim Group upped their price target on Information Services Group from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, August 8th.
Shares of Information Services Group (NASDAQ:III) opened at 3.64 on Friday. The stock’s 50 day moving average price is $3.97 and its 200 day moving average price is $3.89. The firm has a market cap of $129.93 million, a price-to-earnings ratio of 34.34 and a beta of 0.56. Information Services Group has a 12 month low of $2.86 and a 12 month high of $4.32.
Information Services Group (NASDAQ:III) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The company earned $51.90 million during the quarter, compared to analyst estimates of $55.38 million. Information Services Group had a return on equity of 15.23% and a net margin of 1.35%. Equities research analysts predict that Information Services Group will post $0.27 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of III. Bank of New York Mellon Corp increased its stake in shares of Information Services Group by 164.2% in the second quarter. Bank of New York Mellon Corp now owns 96,393 shares of the company’s stock valued at $361,000 after buying an additional 59,908 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Information Services Group during the second quarter worth approximately $5,093,000. California State Teachers Retirement System acquired a new position in shares of Information Services Group during the second quarter worth approximately $244,000. Punch & Associates Investment Management Inc. increased its position in shares of Information Services Group by 37.8% in the second quarter. Punch & Associates Investment Management Inc. now owns 747,300 shares of the company’s stock worth $2,802,000 after buying an additional 205,018 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new position in shares of Information Services Group during the second quarter worth approximately $210,000. 51.45% of the stock is owned by institutional investors.
Information Services Group Company Profile
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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