Wall Street Zen Downgrades Information Services Group (NASDAQ:III) to Buy

Information Services Group (NASDAQ:III) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

III has been the topic of a number of other reports. Barrington Research boosted their price target on Information Services Group from $5.50 to $7.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Information Services Group in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Information Services Group has an average rating of “Hold” and an average price target of $7.00.

Information Services Group Trading Up 3.5%

Shares of III stock opened at $5.97 on Friday. Information Services Group has a 52-week low of $2.95 and a 52-week high of $6.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.22 and a current ratio of 2.22. The firm has a market capitalization of $285.84 million, a PE ratio of 31.42, a PEG ratio of 1.49 and a beta of 1.04. The stock has a fifty day simple moving average of $5.50 and a two-hundred day simple moving average of $5.10.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $62.36 million for the quarter, compared to the consensus estimate of $60.94 million. Information Services Group had a return on equity of 9.62% and a net margin of 4.05%. On average, analysts predict that Information Services Group will post 0.09 EPS for the current fiscal year.

Insider Transactions at Information Services Group

In other Information Services Group news, CEO Michael P. Connors sold 66,196 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $5.26, for a total transaction of $348,190.96. Following the completion of the transaction, the chief executive officer owned 5,040,029 shares in the company, valued at $26,510,552.54. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 493,703 shares of company stock worth $2,641,010 over the last quarter. 15.90% of the stock is owned by corporate insiders.

Institutional Trading of Information Services Group

Large investors have recently made changes to their positions in the business. Crawford Investment Counsel Inc. raised its position in shares of Information Services Group by 5.7% during the 3rd quarter. Crawford Investment Counsel Inc. now owns 865,627 shares of the business services provider’s stock valued at $4,977,000 after buying an additional 46,903 shares in the last quarter. Centiva Capital LP purchased a new position in Information Services Group in the third quarter worth about $68,000. Alliancebernstein L.P. increased its stake in Information Services Group by 17.8% during the third quarter. Alliancebernstein L.P. now owns 31,710 shares of the business services provider’s stock worth $182,000 after acquiring an additional 4,800 shares during the last quarter. Lazard Asset Management LLC raised its position in Information Services Group by 459.0% during the third quarter. Lazard Asset Management LLC now owns 14,574 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 11,967 shares during the period. Finally, Occudo Quantitative Strategies LP raised its position in Information Services Group by 21.3% during the third quarter. Occudo Quantitative Strategies LP now owns 31,012 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 5,447 shares during the period. 73.10% of the stock is currently owned by institutional investors.

Information Services Group Company Profile

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.