Punch & Associates Investment Management Inc. raised its position in shares of Information Services Group, Inc. (NASDAQ:III) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 895,000 shares of the business services provider’s stock after buying an additional 53,739 shares during the period. Punch & Associates Investment Management Inc. owned about 2.07% of Information Services Group worth $3,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in III. Vanguard Group Inc. grew its position in shares of Information Services Group by 0.3% in the 2nd 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 last quarter. Russell Investments Group Ltd. increased its stake in shares of Information Services Group by 9.0% during 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 period. Blair William & Co. IL increased its stake in shares of Information Services Group by 2.5% during 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 period. Weber Alan W increased its stake in shares of Information Services Group by 0.9% during 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 period. Finally, Northern Right Capital Management L.P. increased its stake in shares of Information Services Group by 66.2% during the second quarter. Northern Right Capital Management L.P. now owns 723,689 shares of the business services provider’s stock valued at $2,974,000 after buying an additional 288,181 shares during the period. 41.85% of the stock is owned by institutional investors and hedge funds.

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In related news, EVP Thomas S. Kucinski purchased 15,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was purchased at an average price of $3.65 per share, with a total value of $54,750.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have bought 35,947 shares of company stock worth $132,397. Corporate insiders own 12.00% of the company’s stock.

Several equities analysts recently issued reports on III shares. Zacks Investment Research cut shares of Information Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 28th. ValuEngine upgraded shares of Information Services Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. B. Riley restated a “buy” rating and issued a $6.50 price objective on shares of Information Services Group in a report on Monday, August 14th. Finally, Noble Financial reaffirmed a “buy” rating on shares of Information Services Group in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $5.50.

Shares of Information Services Group, Inc. (NASDAQ III) traded up 0.48% during midday trading on Wednesday, reaching $4.20. The company had a trading volume of 3,673 shares. Information Services Group, Inc. has a 1-year low of $2.95 and a 1-year high of $4.30. The stock’s market capitalization is $181.79 million. The firm’s 50 day moving average price is $3.75 and its 200-day moving average price is $3.68.

Information Services Group (NASDAQ:III) last released its quarterly earnings data on Monday, August 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $68.04 million during the quarter, compared to analysts’ expectations of $71.18 million. Information Services Group had a negative net margin of 3.46% and a negative return on equity of 10.15%. Equities research analysts expect that Information Services Group, Inc. will post $0.31 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Information Services Group (NASDAQ:III)

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