Shares of Information Services Group, Inc. (NASDAQ:III) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $4.13.
Several analysts recently issued reports on III shares. Noble Financial set a $19.00 price target on shares of Tribune Publishing and gave the company a “buy” rating in a research report on Monday, March 18th. CIBC restated a “hold” rating and set a $3.00 price objective on shares of Information Services Group in a research note on Thursday, May 16th. Barrington Research restated an “outperform” rating and set a $5.25 price objective (up from $4.75) on shares of LADENBURG THALM/SH SH in a research note on Monday, March 18th. ValuEngine cut WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. Finally, Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Thursday, March 21st.
NASDAQ III traded up $0.02 during mid-day trading on Friday, hitting $2.96. The company’s stock had a trading volume of 5,210 shares, compared to its average volume of 95,849. The firm’s 50 day moving average price is $3.13. Information Services Group has a twelve month low of $2.65 and a twelve month high of $5.45. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $137.59 million, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 1.25 and a beta of 0.47.
In other news, CFO David E. Berger sold 18,869 shares of Information Services Group stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $3.06, for a total transaction of $57,739.14. Following the sale, the chief financial officer now directly owns 726,461 shares in the company, valued at approximately $2,222,970.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Todd D. Lavieri sold 18,654 shares of Information Services Group stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $2.98, for a total value of $55,588.92. Following the sale, the insider now owns 584,630 shares in the company, valued at $1,742,197.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,306 shares of company stock worth $244,037. Company insiders own 13.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in III. Private Capital Management LLC raised its stake in shares of Information Services Group by 19.0% during the 1st quarter. Private Capital Management LLC now owns 4,570,564 shares of the business services provider’s stock worth $17,048,000 after purchasing an additional 730,728 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Information Services Group by 35.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 487,248 shares of the business services provider’s stock worth $2,066,000 after purchasing an additional 127,335 shares during the period. Globeflex Capital L P increased its holdings in Information Services Group by 487.1% in the 1st quarter. Globeflex Capital L P now owns 103,218 shares of the business services provider’s stock worth $385,000 after acquiring an additional 85,638 shares during the last quarter. Equitable Trust Co. raised its stake in Information Services Group by 21.5% in the 4th quarter. Equitable Trust Co. now owns 267,117 shares of the business services provider’s stock valued at $1,133,000 after acquiring an additional 47,300 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in Information Services Group by 19.8% in the 1st quarter. Wedge Capital Management L L P NC now owns 208,958 shares of the business services provider’s stock valued at $779,000 after acquiring an additional 34,571 shares during the period. Institutional investors own 45.80% 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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