Information Services Group (NASDAQ:III) Issues Earnings Results, Beats Estimates By $0.05 EPS

Information Services Group (NASDAQ:III) posted its earnings results on Wednesday. The business services provider reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05, FiscalAI reports. Information Services Group had a net margin of 4.29% and a return on equity of 12.92%. The business had revenue of $65.49 million for the quarter, compared to the consensus estimate of $62.86 million.

Information Services Group Trading Down 2.7%

Shares of Information Services Group stock traded down $0.12 during midday trading on Wednesday, reaching $4.26. The company had a trading volume of 206,542 shares, compared to its average volume of 189,038. The stock has a fifty day moving average price of $4.14 and a 200 day moving average price of $4.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.65 and a quick ratio of 2.65. The firm has a market cap of $203.80 million, a PE ratio of 21.30, a P/E/G ratio of 0.95 and a beta of 1.10. Information Services Group has a fifty-two week low of $3.74 and a fifty-two week high of $6.45.

Analysts Set New Price Targets

III has been the subject of several recent research reports. Wall Street Zen cut shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Information Services Group in a report on Tuesday, June 9th. Finally, Barrington Research reissued an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

Institutional Trading of Information Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in Information Services Group by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 53,200 shares of the business services provider’s stock worth $255,000 after purchasing an additional 2,251 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Information Services Group by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock valued at $1,150,000 after purchasing an additional 3,453 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Information Services Group by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 3,739 shares during the last quarter. Invesco Ltd. increased its position in shares of Information Services Group by 22.5% during the first quarter. Invesco Ltd. now owns 20,546 shares of the business services provider’s stock worth $80,000 after buying an additional 3,780 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of 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 buying an additional 4,800 shares during the period. Institutional investors and hedge funds own 73.10% of the company’s stock.

Information Services Group Company Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.