Information Services Group (NASDAQ:III) Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Information Services Group (NASDAQ:III) issued its earnings results on Wednesday. The business services provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05, FiscalAI reports. The firm had revenue of $65.49 million for the quarter, compared to analyst estimates of $62.86 million. Information Services Group had a return on equity of 12.92% and a net margin of 4.29%.

Information Services Group Stock Performance

Shares of III stock opened at $4.71 on Thursday. Information Services Group has a fifty-two week low of $3.74 and a fifty-two week high of $6.45. The stock’s 50-day moving average is $4.14 and its two-hundred day moving average is $4.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.65 and a quick ratio of 2.65. The firm has a market cap of $225.14 million, a P/E ratio of 22.06, a PEG ratio of 0.95 and a beta of 1.10.

Institutional Trading of Information Services Group

Several large investors have recently added to or reduced their stakes in the business. Invesco Ltd. lifted its stake in shares of Information Services Group by 33.6% in the 4th quarter. Invesco Ltd. now owns 54,301 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 13,654 shares during the last quarter. Stokes Family Office LLC acquired a new position in Information Services Group during the fourth quarter worth $91,000. Verdad Advisers LP bought a new position in Information Services Group during the fourth quarter valued at about $67,000. Millennium Management LLC bought a new position in Information Services Group during the fourth quarter valued at about $84,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Information Services Group in the fourth quarter worth about $88,000. 73.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of 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 report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Information Services Group in a research report on Tuesday, June 9th. Finally, Barrington Research restated an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

About Information Services Group

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.