Information Services Group, Inc. (NASDAQ:III) CEO Michael P. Connors purchased 2,684 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $3.79 per share, for a total transaction of $10,172.36. Following the acquisition, the chief executive officer now owns 4,422,273 shares in the company, valued at $16,760,414.67. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Information Services Group, Inc. (III) traded up 0.81% during midday trading on Wednesday, reaching $3.73. The company’s stock had a trading volume of 49,966 shares. Information Services Group, Inc. has a 12 month low of $2.95 and a 12 month high of $4.32. The stock’s 50 day moving average is $3.99 and its 200 day moving average is $3.55. The stock’s market capitalization is $161.45 million.

Information Services Group (NASDAQ:III) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $68.04 million for the quarter, compared to analyst estimates of $71.18 million. Information Services Group had a negative net margin of 0.45% and a negative return on equity of 2.06%. On average, analysts forecast that Information Services Group, Inc. will post $0.31 EPS for the current fiscal year.

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A number of equities research analysts recently weighed in on the company. B. Riley restated a “buy” rating and issued a $6.50 price target on shares of Information Services Group in a report on Monday. Noble Financial restated a “buy” rating on shares of Information Services Group in a report on Tuesday, August 8th. ValuEngine cut Information Services Group from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Finally, Zacks Investment Research cut Information Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.50.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thomson Horstmann & Bryant Inc. raised its position 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 during the period. Vanguard Group Inc. raised its position in Information Services Group by 0.3% in the second quarter. Vanguard Group Inc. now owns 1,743,298 shares of the business services provider’s stock valued at $7,165,000 after buying an additional 5,181 shares during the period. Russell Investments Group Ltd. raised its position 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 raised its position 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. Finally, Weber Alan W raised its position 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. Hedge funds and other institutional investors own 39.74% 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.

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