Strs Ohio Acquires New Shares in Information Services Group, Inc. $III

Strs Ohio bought a new position in shares of Information Services Group, Inc. (NASDAQ:III) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 102,700 shares of the business services provider’s stock, valued at approximately $591,000. Strs Ohio owned about 0.21% of Information Services Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Access Investment Management LLC bought a new position in Information Services Group during the 2nd quarter worth approximately $36,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Information Services Group during the second quarter worth $39,000. Tower Research Capital LLC TRC boosted its position in shares of Information Services Group by 250.1% during the second quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock worth $48,000 after purchasing an additional 7,177 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Information Services Group in the 2nd quarter valued at $53,000. Finally, SG Americas Securities LLC bought a new stake in shares of Information Services Group in the 3rd quarter valued at $60,000. 73.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on III shares. Wall Street Zen lowered Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings restated a “hold (c+)” rating on shares of Information Services Group in a report on Wednesday. Finally, Barrington Research upped their price target on shares of Information Services Group from $5.50 to $7.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.00.

Information Services Group Price Performance

Shares of III opened at $5.57 on Friday. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $5.79 and its 200 day simple moving average is $5.39. Information Services Group, Inc. has a 1-year low of $2.95 and a 1-year high of $6.45. The company has a market cap of $266.69 million, a price-to-earnings ratio of 29.32, a PEG ratio of 1.13 and a beta of 1.03.

Information Services Group (NASDAQ:III) last issued its earnings results on Monday, November 3rd. The business services provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $62.36 million during the quarter, compared to the consensus estimate of $60.94 million. Information Services Group had a net margin of 4.05% and a return on equity of 9.62%. On average, research analysts forecast that Information Services Group, Inc. will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Information Services Group news, CEO Michael P. Connors sold 248,935 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $5.47, for a total transaction of $1,361,674.45. Following the completion of the sale, the chief executive officer directly owned 5,284,797 shares in the company, valued at $28,907,839.59. This trade represents a 4.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 493,703 shares of company stock valued at $2,641,010. 15.90% of the stock is owned by corporate insiders.

Information Services Group 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.