Information Services Group, Inc. (NASDAQ:III) Receives $4.13 Average Target Price from Analysts

Shares of Information Services Group, Inc. (NASDAQ:III) have earned an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $4.13.

III has been the topic of a number of recent analyst reports. Barrington Research set a $6.00 price target on shares of Information Services Group and gave the stock a “buy” rating in a research note on Friday, March 8th. Noble Financial reaffirmed a “buy” rating and set a $5.25 price target on shares of Information Services Group in a research note on Monday, March 18th. ValuEngine raised shares of Information Services Group from a “sell” rating to a “hold” rating in a research note on Friday. CIBC reaffirmed a “hold” rating and set a $3.00 price target on shares of Information Services Group in a research note on Thursday, May 16th. Finally, Zacks Investment Research cut shares of Information Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th.

In other Information Services Group news, CEO Michael P. Connors acquired 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average cost of $3.72 per share, for a total transaction of $148,800.00. Following the transaction, the chief executive officer now directly owns 4,884,944 shares of the company’s stock, valued at $18,171,991.68. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Todd D. Lavieri sold 41,236 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $2.91, for a total transaction of $119,996.76. Following the completion of the sale, the insider now owns 584,630 shares in the company, valued at $1,701,273.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 55,550 shares of company stock worth $206,896 and have sold 82,306 shares worth $244,037. Corporate insiders own 13.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Private Capital Management LLC boosted its position in shares of Information Services Group by 19.0% in 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 buying an additional 730,728 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Information Services Group by 1.7% in the 1st quarter. Renaissance Technologies LLC now owns 2,287,954 shares of the business services provider’s stock worth $8,534,000 after buying an additional 37,173 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Information Services Group by 15.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,022,067 shares of the business services provider’s stock worth $9,666,000 after buying an additional 264,143 shares in the last quarter. BlackRock Inc. boosted its position in shares of Information Services Group by 1.2% in the 4th quarter. BlackRock Inc. now owns 1,746,039 shares of the business services provider’s stock worth $7,403,000 after buying an additional 21,527 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in shares of Information Services Group by 2.4% in the 1st quarter. Blair William & Co. IL now owns 1,505,219 shares of the business services provider’s stock worth $5,614,000 after buying an additional 34,935 shares in the last quarter. Institutional investors and hedge funds own 45.80% of the company’s stock.

Shares of III opened at $3.32 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.25 and a current ratio of 2.25. The firm has a market capitalization of $150.23 million, a price-to-earnings ratio of 16.90, a PEG ratio of 1.35 and a beta of 0.47. Information Services Group 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 data on Thursday, March 14th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.08). The firm had revenue of $67.90 million during the quarter, compared to analyst estimates of $72.67 million. Information Services Group had a net margin of 1.70% and a return on equity of 11.69%. As a group, equities research analysts expect that Information Services Group will post 0.16 EPS for the current year.

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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