Information Services Group, Inc. (NASDAQ:III) CFO David E. Berger Sells 18,869 Shares

Information Services Group, Inc. (NASDAQ:III) CFO David E. Berger sold 18,869 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $3.06, for a total transaction of $57,739.14. Following the sale, the chief financial officer now directly owns 726,461 shares in the company, valued at $2,222,970.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Information Services Group stock traded down $0.12 during trading on Friday, reaching $3.16. 123,353 shares of the company traded hands, compared to its average volume of 90,738. The company has a market cap of $147.89 million, a price-to-earnings ratio of 14.36, a PEG ratio of 1.33 and a beta of 0.47. The company has a 50 day moving average price of $3.16. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.17. Information Services Group, Inc. has a 1-year low of $2.65 and a 1-year high of $5.45.

Information Services Group (NASDAQ:III) last announced its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.01) EPS for the quarter. Information Services Group had a net margin of 1.70% and a return on equity of 11.69%. The business had revenue of $64.79 million for the quarter, compared to the consensus estimate of $66.40 million. As a group, equities research analysts forecast that Information Services Group, Inc. will post 0.16 earnings per share for the current year.

A number of research analysts have recently issued reports on III shares. Barrington Research set a $6.00 price target on shares of Information Services Group and gave the stock a “buy” rating in a research report on Friday, March 8th. Noble Financial restated a “buy” rating and issued a $5.25 price target on shares of Information Services Group in a research report on Monday, March 18th. CIBC restated a “hold” rating and issued a $3.00 price target on shares of Information Services Group in a research report on Thursday, May 16th. Zacks Investment Research downgraded shares of Information Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Finally, ValuEngine upgraded shares of Information Services Group from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Information Services Group has a consensus rating of “Hold” and a consensus price target of $4.75.

Several hedge funds and other institutional investors have recently bought and sold shares of III. Private Capital Management LLC lifted its stake in shares of 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 worth $17,048,000 after purchasing an additional 730,728 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its stake in shares of 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 worth $3,495,000 after purchasing an additional 7,000 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of 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 worth $127,000 after purchasing an additional 12,372 shares during the last quarter. Globeflex Capital L P lifted its stake in shares of 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 worth $385,000 after purchasing an additional 85,638 shares during the last quarter. Finally, Alambic Investment Management L.P. purchased a new stake in shares of Information Services Group during the 1st quarter worth $121,000. Hedge funds and other 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.

Featured Story: How is an ETF different from a mutual fund?

Receive News & Ratings for Information Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Information Services Group and related companies with MarketBeat.com's FREE daily email newsletter.