Information Services Group, Inc. (NASDAQ:III) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday.

Several other equities research analysts also recently commented on III. B. Riley reiterated a “buy” rating and set a $6.00 target price on shares of Information Services Group in a report on Monday, May 8th. Zacks Investment Research upgraded Information Services Group from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, Noble Financial reiterated a “buy” rating on shares of Information Services Group in a report on Friday, June 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.67.

Shares of Information Services Group (III) traded down 13.81% during mid-day trading on Monday, reaching $3.62. 426,443 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $4.08 and a 200 day moving average price of $3.53. Information Services Group has a 52 week low of $2.95 and a 52 week high of $4.32. The stock’s market cap is $155.83 million.

Information Services Group (NASDAQ:III) last announced its earnings results on Monday, May 8th. The business services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by $0.05. The company had revenue of $66.56 million for the quarter, compared to analysts’ expectations of $64.50 million. Information Services Group had a negative net margin of 2.75% and a negative return on equity of 13.06%. Equities research analysts predict that Information Services Group will post $0.34 EPS for the current year.

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In other Information Services Group news, CEO Michael P. Connors acquired 15,727 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $3.81 per share, for a total transaction of $59,919.87. Following the acquisition, the chief executive officer now directly owns 4,153,830 shares of the company’s stock, valued at $15,826,092.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.00% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the company. State Street Corp increased its stake in Information Services Group by 37.0% in the fourth quarter. State Street Corp now owns 419,986 shares of the business services provider’s stock valued at $1,530,000 after buying an additional 113,356 shares in the last quarter. Teachers Advisors LLC increased its stake in Information Services Group by 13.9% in the fourth quarter. Teachers Advisors LLC now owns 57,997 shares of the business services provider’s stock valued at $211,000 after buying an additional 7,084 shares in the last quarter. Thomson Horstmann & Bryant Inc. increased its stake in Information Services Group by 6.8% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 2,077,887 shares of the business services provider’s stock valued at $6,545,000 after buying an additional 132,490 shares in the last quarter. Clear Harbor Asset Management LLC increased its stake in Information Services Group by 25.3% in the first quarter. Clear Harbor Asset Management LLC now owns 138,540 shares of the business services provider’s stock valued at $436,000 after buying an additional 28,000 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. increased its stake in Information Services Group by 3.9% in the first quarter. Punch & Associates Investment Management Inc. now owns 841,261 shares of the business services provider’s stock valued at $2,650,000 after buying an additional 31,261 shares in the last quarter. Institutional investors own 39.87% of the company’s stock.

About Information Services Group

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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