The Zacks Investment Research lowers the Stock rating of Information Services Group Inc. (III)

The Zacks Investment Research lowers the Stock rating of Information Services Group Inc. (III)

Information Services Group Inc. (NASDAQ:III) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “INFORMATION SERVICES GROUP, INC. was founded to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory, data, business and media information services. ISG’s first acquisition – TPI, the world’s leading data and advisory firm in global sourcing – provides a solid platform upon which to build a prominent, high-growth information-based services company. Based in Stamford, Connecticut, ISG has a proven leadership team with global experience in information-based services and a track record of creating significant value for shareowners, clients and employees. ISG’s strategy is to acquire and grow dynamic, innovative businesses that provide must have information-based services to such sectors as consumer products, retailing, financial services, manufacturing, media, marketing, healthcare, legal, government, telecommunications and technology. “

A number of other equities research analysts also recently weighed in on the company. Maxim Group boosted their price target on Information Services Group from $5.00 to $6.00 and gave the company a “buy” rating in a report on Monday, August 8th. B. Riley restated a “buy” rating and set a $6.25 price objective on shares of Information Services Group in a research note on Monday, August 15th.

Shares of Information Services Group (NASDAQ:III) opened at 3.96 on Tuesday. The firm has a market cap of $141.35 million, a P/E ratio of 37.36 and a beta of 0.40. Information Services Group has a 12-month low of $2.86 and a 12-month high of $4.32. The firm has a 50-day moving average price of $3.97 and a 200-day moving average price of $3.91.

Information Services Group (NASDAQ:III) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.02. Information Services Group had a net margin of 1.84% and a return on equity of 16.95%. The firm earned $60.40 million during the quarter, compared to the consensus estimate of $55.60 million. On average, equities research analysts expect that Information Services Group will post $0.27 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. bought a new position in shares of Information Services Group during the second quarter worth approximately $120,000. Teachers Advisors Inc. acquired a new position in Information Services Group during the second quarter valued at about $191,000. Algert Global LLC acquired a new position in Information Services Group during the third quarter valued at about $207,000. Schwab Charles Investment Management Inc. acquired a new position in Information Services Group during the second quarter valued at about $210,000. Finally, Bank of New York Mellon Corp boosted its position in Information Services Group by 164.2% in the second quarter. Bank of New York Mellon Corp now owns 96,393 shares of the company’s stock valued at $361,000 after buying an additional 59,908 shares during the last quarter. Hedge funds and other institutional investors own 52.49% of the company’s stock.

Information Services Group Company Profile

Information Services Group, Inc (ISG) is a technology insights, market intelligence and advisory services company. The Company operates in the segment of fact-based sourcing advisory services. ISG 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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