Information Services Group, Inc. (NASDAQ:III) posted its quarterly earnings data on Monday. The business services provider reported $0.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06, Morningstar.com reports. The company had revenue of $68.04 million during the quarter, compared to analyst estimates of $71.18 million. Information Services Group had a negative net margin of 2.75% and a negative return on equity of 13.06%.

Information Services Group (NASDAQ III) remained flat at $3.62 during mid-day trading on Tuesday. The company had a trading volume of 21,525 shares. The firm’s market cap is $155.83 million. Information Services Group has a 12 month low of $2.95 and a 12 month high of $4.32. The firm has a 50 day moving average of $4.08 and a 200-day moving average of $3.53.

III has been the subject of several recent analyst reports. Noble Financial reaffirmed a “buy” rating on shares of Information Services Group in a report on Friday, June 9th. B. Riley reaffirmed a “buy” rating and set a $6.50 price objective on shares of Information Services Group in a report on Saturday, May 13th. ValuEngine lowered shares of Information Services Group from a “hold” rating to a “sell” rating in a report on Monday. Finally, Zacks Investment Research raised shares of Information Services Group from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. One equities research 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 an average target price of $5.67.

In related news, CEO Michael P. Connors acquired 15,727 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $3.81 per share, with a total value of $59,919.87. Following the purchase, the chief executive officer now directly owns 4,153,830 shares in the company, valued at $15,826,092.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.00% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Thomson Horstmann & Bryant Inc. boosted its position in shares of 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 during the period. Russell Investments Group Ltd. boosted its stake in Information Services Group by 9.0% in the second quarter. Russell Investments Group Ltd. now owns 1,427,740 shares of the business services provider’s stock valued at $5,868,000 after buying an additional 118,210 shares during the period. Blair William & Co. IL boosted its stake in Information Services Group by 2.5% in the second quarter. Blair William & Co. IL now owns 1,326,944 shares of the business services provider’s stock valued at $5,454,000 after buying an additional 32,315 shares during the period. Weber Alan W boosted its stake in Information Services Group by 0.9% in the first quarter. Weber Alan W now owns 1,045,050 shares of the business services provider’s stock valued at $3,292,000 after buying an additional 9,000 shares during the period. Finally, Punch & Associates Investment Management Inc. boosted 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 during the period. Hedge funds and other institutional investors own 39.87% of the company’s stock.

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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.

Earnings History for Information Services Group (NASDAQ:III)

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