Information Services Group, Inc. (NASDAQ:III) CEO Michael P. Connors acquired 15,727 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were acquired 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Information Services Group, Inc. (NASDAQ:III) traded down 0.55% during mid-day trading on Friday, hitting $3.61. The company had a trading volume of 130,598 shares. Information Services Group, Inc. has a 12 month low of $2.95 and a 12 month high of $4.32. The company’s market cap is $155.40 million. The firm has a 50-day moving average of $3.26 and a 200-day moving average of $3.45.
Information Services Group (NASDAQ:III) last announced its quarterly earnings results on Monday, May 8th. The business services provider reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.05. The firm had revenue of $66.56 million for the quarter, compared to analyst estimates of $64.50 million. Information Services Group had a return on equity of 15.43% and a net margin of 1.35%. On average, analysts expect that Information Services Group, Inc. will post $0.34 EPS for the current year.
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Large investors have recently made changes to their positions in the company. Oxford Asset Management bought a new stake in Information Services Group during the first quarter worth about $119,000. SG Americas Securities LLC bought a new stake in Information Services Group during the first quarter worth about $180,000. Teachers Advisors LLC raised its stake in Information Services Group by 10.8% in the first quarter. Teachers Advisors LLC now owns 64,238 shares of the business services provider’s stock worth $202,000 after buying an additional 6,241 shares during the period. Bank of New York Mellon Corp raised its stake in Information Services Group by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 95,580 shares of the business services provider’s stock worth $301,000 after buying an additional 2,623 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in Information Services Group by 1.6% in the first quarter. TIAA CREF Investment Management LLC now owns 97,320 shares of the business services provider’s stock worth $307,000 after buying an additional 1,486 shares during the period. Institutional investors own 57.19% of the company’s stock.
III has been the subject of a number of recent analyst reports. B. Riley reissued a “buy” rating and set a $6.00 price objective on shares of Information Services Group in a research report on Monday, May 8th. Noble Financial reissued a “buy” rating on shares of Information Services Group in a research report on Sunday, March 12th. TheStreet downgraded Information Services Group from a “c-” rating to a “d” rating in a research report on Friday, March 24th. Finally, Zacks Investment Research raised Information Services Group from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $6.25.
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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