Information Services Group, Inc. (NASDAQ:III) – Equities researchers at B. Riley issued their FY2019 earnings per share estimates for Information Services Group in a research note issued on Friday. B. Riley analyst S. Sherbetchyan forecasts that the business services provider will post earnings per share of $0.26 for the year. B. Riley currently has a “Buy” rating on the stock.
A number of other analysts have also commented on III. Zacks Investment Research lowered shares of Information Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Barrington Research set a $6.00 price target on shares of Information Services Group and gave the company a “buy” rating in a research note on Wednesday, March 14th. Finally, Noble Financial restated a “buy” rating on shares of Information Services Group in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $5.67.
Shares of Information Services Group stock traded down $0.07 during mid-day trading on Monday, reaching $4.14. 109,416 shares of the company’s stock were exchanged, compared to its average volume of 39,409. The company has a market cap of $185.23, a price-to-earnings ratio of -84.00, a PEG ratio of 1.36 and a beta of 0.42. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.58. Information Services Group has a fifty-two week low of $2.95 and a fifty-two week high of $4.63.
Institutional investors and hedge funds have recently bought and sold shares of the business. Wetherby Asset Management Inc. boosted its holdings in Information Services Group by 10.9% during the 4th quarter. Wetherby Asset Management Inc. now owns 194,450 shares of the business services provider’s stock worth $811,000 after acquiring an additional 19,117 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in Information Services Group during the 2nd quarter worth $188,000. Vanguard Group Inc. boosted its holdings in Information Services Group by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,743,298 shares of the business services provider’s stock worth $7,165,000 after acquiring an additional 5,181 shares during the last quarter. Perritt Capital Management Inc. boosted its holdings in Information Services Group by 8.7% during the 4th quarter. Perritt Capital Management Inc. now owns 326,715 shares of the business services provider’s stock worth $1,362,000 after acquiring an additional 26,200 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. boosted its holdings in Information Services Group by 1.4% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 1,721,466 shares of the business services provider’s stock worth $7,178,000 after acquiring an additional 24,007 shares during the last quarter. 45.11% of the stock is currently owned by hedge funds and other institutional investors.
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Information Services Group Company Profile
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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