Information Services Group, Inc. (NASDAQ:III) CEO Michael P. Connors acquired 4,070 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was acquired at an average price of $3.67 per share, for a total transaction of $14,936.90. Following the acquisition, the chief executive officer now owns 4,424,974 shares in the company, valued at approximately $16,239,654.58. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Information Services Group, Inc. (NASDAQ III) traded down 0.27% during mid-day trading on Monday, hitting $3.64. The company had a trading volume of 100,485 shares. The stock’s market cap is $157.55 million. The stock’s 50-day moving average is $3.94 and its 200-day moving average is $3.56. Information Services Group, Inc. has a 52-week low of $2.95 and a 52-week high of $4.32.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $68.04 million during the quarter, compared to analyst estimates of $71.18 million. Information Services Group had a negative return on equity of 10.15% and a negative net margin of 3.46%. Equities analysts forecast that Information Services Group, Inc. will post $0.31 earnings per share for the current year.

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A number of research firms have recently commented on III. B. Riley reiterated a “buy” rating and issued a $6.00 price objective on shares of Information Services Group in a report on Monday, May 8th. Noble Financial reiterated a “buy” rating on shares of Information Services Group in a report on Tuesday, August 8th. ValuEngine downgraded 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 research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $5.50.

A number of hedge funds have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC raised its stake 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 valued at $307,000 after buying an additional 1,486 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Information Services Group by 6.1% in the second quarter. Rhumbline Advisers now owns 32,784 shares of the business services provider’s stock valued at $135,000 after buying an additional 1,890 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 valued at $301,000 after buying an additional 2,623 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Information Services Group by 7.9% in the second quarter. SG Americas Securities LLC now owns 61,481 shares of the business services provider’s stock valued at $253,000 after buying an additional 4,487 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of 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 in the last quarter. 39.74% of the stock is owned by hedge funds and other institutional investors.

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.

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