Information Services Group (III) Downgraded by ValuEngine to Sell

ValuEngine cut shares of Information Services Group (NASDAQ:III) from a hold rating to a sell rating in a research report released on Monday, ValuEngine reports.

A number of other brokerages have also issued reports on III. Barrington Research set a $6.00 target price on shares of Information Services Group and gave the company a buy rating in a research note on Friday, March 8th. Zacks Investment Research lowered shares of Information Services Group from a hold rating to a sell rating in a research note on Thursday, March 21st. Finally, Noble Financial reissued a buy rating and set a $5.25 target price on shares of Information Services Group in a research note on Monday, March 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Information Services Group presently has a consensus rating of Hold and an average target price of $4.75.

Shares of III traded up $0.01 during trading hours on Monday, reaching $3.15. 6,538 shares of the company traded hands, compared to its average volume of 75,198. The firm has a market capitalization of $146.95 million, a P/E ratio of 14.32, a P/E/G ratio of 1.87 and a beta of 0.37. Information Services Group has a 12-month low of $2.82 and a 12-month high of $5.45. The company has a current ratio of 2.25, a quick ratio of 2.42 and a debt-to-equity ratio of 1.17.

Information Services Group (NASDAQ:III) last issued its earnings results on Thursday, March 14th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.08). The company had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $72.67 million. Information Services Group had a net margin of 1.70% and a return on equity of 11.69%. Analysts predict that Information Services Group will post 0.17 earnings per share for the current year.

In other news, CEO Michael P. Connors acquired 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average cost of $3.72 per share, for a total transaction of $148,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,884,944 shares of the company’s stock, valued at approximately $18,171,991.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Todd D. Lavieri acquired 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average price of $3.74 per share, with a total value of $50,490.00. Following the completion of the acquisition, the insider now directly owns 630,790 shares of the company’s stock, valued at $2,359,154.60. The disclosure for this purchase can be found here. Insiders purchased 55,550 shares of company stock valued at $206,896 over the last 90 days. 13.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp raised its holdings in Information Services Group by 1.1% in the first quarter. Northern Trust Corp now owns 387,093 shares of the business services provider’s stock worth $1,444,000 after purchasing an additional 4,160 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Information Services Group by 25.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 21,782 shares of the business services provider’s stock worth $92,000 after purchasing an additional 4,464 shares in the last quarter. Punch & Associates Investment Management Inc. raised its holdings in Information Services Group by 0.8% in the first 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 in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Information Services Group by 5,644.4% in the first quarter. BNP Paribas Arbitrage SA now owns 7,238 shares of the business services provider’s stock worth $27,000 after purchasing an additional 7,112 shares in the last quarter. Finally, Perritt Capital Management Inc. raised its holdings in Information Services Group by 2.1% in the fourth quarter. Perritt Capital Management Inc. now owns 481,215 shares of the business services provider’s stock worth $2,040,000 after purchasing an additional 9,825 shares in the last quarter. Institutional investors and hedge funds own 46.87% 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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