Information Services Group (III) Earns “Hold” Rating from CIBC

Information Services Group (NASDAQ:III)‘s stock had its “hold” rating restated by analysts at CIBC in a note issued to investors on Thursday, AnalystRatings.com reports. They presently have a $3.00 price target on the business services provider’s stock. CIBC’s target price suggests a potential downside of 5.06% from the company’s current price.

Several other research firms have also commented on III. Barrington Research set a $6.00 target price on Information Services Group and gave the company a “buy” rating in a report on Friday, March 8th. Zacks Investment Research lowered Information Services Group from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Noble Financial reaffirmed a “buy” rating and set a $5.25 target price on shares of Information Services Group in a report on Monday, March 18th. Finally, ValuEngine lowered Information Services Group from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $4.75.

NASDAQ:III opened at $3.16 on Thursday. The company has a market cap of $146.95 million, a PE ratio of 14.36, a P/E/G ratio of 1.87 and a beta of 0.37. Information Services Group has a 52 week low of $2.82 and a 52 week high of $5.45. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.25 and a quick ratio of 2.42.

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

In other Information Services Group 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 acquired at an average cost of $3.72 per share, with a total value of $148,800.00. Following 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 acquired at an average cost 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 in the company, valued at $2,359,154.60. The disclosure for this purchase can be found here. Insiders purchased a total of 55,550 shares of company stock valued at $206,896 over the last three months. Corporate insiders own 13.90% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its position 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 during the period. Bailard Inc. acquired a new stake in Information Services Group in the fourth quarter worth approximately $42,000. Spark Investment Management LLC acquired a new stake in Information Services Group in the first quarter worth approximately $40,000. Prudential Financial Inc. acquired a new stake in Information Services Group in the fourth quarter worth approximately $49,000. Finally, Globeflex Capital L P acquired a new stake in Information Services Group in the fourth quarter worth approximately $75,000. 46.87% of the stock is owned by institutional investors and hedge funds.

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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