Information Services Group, Inc. (NASDAQ:III) CEO Michael P. Connors acquired 15,727 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average cost of $3.81 per share, with a total value of $59,919.87. Following the completion of the acquisition, the chief executive officer now owns 4,153,830 shares in the company, valued at approximately $15,826,092.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Information Services Group, Inc. (NASDAQ:III) traded down 3.70% on Wednesday, reaching $3.64. 96,763 shares of the company’s stock were exchanged. The stock’s market cap is $153.84 million. Information Services Group, Inc. has a 52-week low of $2.95 and a 52-week high of $4.32. The company’s 50 day moving average price is $3.25 and its 200-day moving average price is $3.45.

Information Services Group (NASDAQ:III) last posted its quarterly earnings results on Monday, May 8th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $66.56 million for the quarter, compared to the consensus estimate of $64.50 million. Information Services Group had a return on equity of 15.43% and a net margin of 1.35%. Equities analysts forecast that Information Services Group, Inc. will post $0.09 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/05/17/michael-p-connors-buys-15727-shares-of-information-services-group-inc-iii-stock.html.

Several institutional investors have recently bought and sold shares of III. Oxford Asset Management purchased a new position in shares of Information Services Group during the first quarter worth about $119,000. SG Americas Securities LLC purchased a new position in shares of Information Services Group during the first quarter worth about $180,000. Teachers Advisors LLC boosted its position in shares of 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 in the last quarter. Bank of New York Mellon Corp boosted its position in shares of 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 in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 57.19% of the company’s stock.

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Information Services Group from a “hold” rating to a “sell” rating in a report on Monday, March 13th. B. Riley reaffirmed a “buy” rating and set a $6.50 price objective on shares of Information Services Group in a report on Tuesday, March 7th. Noble Financial reaffirmed a “buy” rating on shares of Information Services Group in a report on Sunday, March 12th. Finally, TheStreet downgraded shares of Information Services Group from a “c-” rating to a “d” rating in a report on Friday, March 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Information Services Group has an average rating of “Buy” and a consensus price target 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.

5 Day Chart for NASDAQ:III

Receive News & Ratings for Information Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Information Services Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.