Information Services Group (NASDAQ:III) Rating Increased to Hold at Zacks Investment Research
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. “
A number of other equities research analysts also recently weighed in on III. ValuEngine downgraded WideOpenWest from a hold rating to a sell rating in a research report on Friday, June 28th. Barrington Research reaffirmed an outperform rating and set a $5.25 price objective (up previously from $4.75) on shares of LADENBURG THALM/SH SH in a research report on Monday, March 18th. Noble Financial set a $19.00 price objective on Tribune Publishing and gave the company a buy rating in a research report on Monday, March 18th. Finally, CIBC reaffirmed a hold rating and set a $3.00 price objective on shares of Information Services Group in a research report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $4.75.
Information Services Group (NASDAQ:III) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported ($0.01) earnings per share for the quarter. Information Services Group had a net margin of 1.70% and a return on equity of 11.69%. The company had revenue of $64.79 million for the quarter, compared to the consensus estimate of $66.40 million. On average, sell-side analysts predict that Information Services Group will post 0.16 EPS for the current fiscal year.
In other Information Services Group news, Vice Chairman Todd D. Lavieri sold 41,236 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $2.91, for a total value of $119,996.76. Following the completion of the sale, the insider now directly owns 584,630 shares in the company, valued at $1,701,273.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David E. Berger sold 18,869 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $3.06, for a total value of $57,739.14. Following the completion of the sale, the chief financial officer now owns 726,461 shares of the company’s stock, valued at $2,222,970.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,306 shares of company stock valued at $244,037. 13.90% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Private Capital Management LLC raised its stake in Information Services Group by 19.0% during the 1st quarter. Private Capital Management LLC now owns 4,570,564 shares of the business services provider’s stock valued at $17,048,000 after acquiring an additional 730,728 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake in Information Services Group by 0.8% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 937,000 shares of the business services provider’s stock valued at $3,495,000 after acquiring an additional 7,000 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Information Services Group by 56.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,154 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 12,372 shares during the last quarter. Globeflex Capital L P raised its stake in Information Services Group by 487.1% during the 1st quarter. Globeflex Capital L P now owns 103,218 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 85,638 shares during the last quarter. Finally, Alambic Investment Management L.P. purchased a new stake in Information Services Group during the 1st quarter valued at approximately $121,000. Institutional investors own 45.80% of the company’s stock.
Information Services Group Company Profile
Information Services Group, Inc engages in the provision of sourcing advisory services. It operaets through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defence, automotive, banking, energy, healthcare and insurance industries.
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