Information Services Group, Inc. (III) Stake Raised by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC raised its position in shares of Information Services Group, Inc. (NASDAQ:III) by 67.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,484 shares of the business services provider’s stock after buying an additional 54,884 shares during the period. Woodmont Investment Counsel LLC owned 0.32% of Information Services Group worth $430,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Information Services Group during the fourth quarter valued at about $5,023,000. FNY Partners Fund LP acquired a new stake in shares of Information Services Group during the fourth quarter valued at $686,000. Thomson Horstmann & Bryant Inc. increased its stake in shares of Information Services Group by 6.8% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 2,077,887 shares of the business services provider’s stock valued at $6,545,000 after buying an additional 132,490 shares during the last quarter. State Street Corp increased its stake in shares of Information Services Group by 37.0% in the fourth quarter. State Street Corp now owns 419,986 shares of the business services provider’s stock valued at $1,530,000 after buying an additional 113,356 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Information Services Group by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,895,390 shares of the business services provider’s stock valued at $6,899,000 after buying an additional 78,179 shares during the last quarter. Institutional investors own 41.08% of the company’s stock.

Institutional Ownership by Quarter for Information Services Group (NASDAQ:III)

Information Services Group, Inc. (III) traded down 0.75% during midday trading on Tuesday, reaching $3.96. The company had a trading volume of 46,758 shares. The stock’s 50 day moving average is $3.72 and its 200 day moving average is $3.46. Information Services Group, Inc. has a one year low of $2.95 and a one year high of $4.32. The company’s market capitalization is $170.47 million.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Monday, May 8th. The business services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.05. Information Services Group had a negative net margin of 2.75% and a negative return on equity of 13.06%. The company had revenue of $66.56 million for the quarter, compared to analyst estimates of $64.50 million. Equities research analysts forecast that Information Services Group, Inc. will post $0.34 earnings per share for the current fiscal year.

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A number of equities analysts recently issued reports on the company. Noble Financial restated a “buy” rating on shares of Information Services Group in a report on Friday, June 9th. B. Riley reiterated a “buy” rating and set a $6.00 price target on shares of Information Services Group in a report on Monday, May 8th. TheStreet cut Information Services Group from a “c-” rating to a “d” rating in a research report on Friday, March 24th. ValuEngine raised Information Services Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd. Finally, Zacks Investment Research raised Information Services Group from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $6.25.

In other Information Services Group news, CEO Michael P. Connors bought 15,727 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $3.81 per share, with a total value of $59,919.87. Following the completion of the transaction, the chief executive officer now directly owns 4,153,830 shares in the company, valued at approximately $15,826,092.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.00% of the stock is currently owned by corporate insiders.

About Information Services Group

Information Services Group, Inc is a technology insights, market intelligence and advisory services company. The Company operates in the segment of fact-based sourcing advisory services. It supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services with a focus on information technology, business process transformation, program management services and enterprise resource planning.

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