Information Services Group (III) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research downgraded shares of Information Services Group (NASDAQ:III) from a hold rating to a sell rating in a report published on Tuesday morning.
According to Zacks, “INFORMATION SERVICES GROUP, INC. was founded to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory, data, business and media information services. ISG’s first acquisition – TPI, the world’s leading data and advisory firm in global sourcing – provides a solid platform upon which to build a prominent, high-growth information-based services company. Based in Stamford, Connecticut, ISG has a proven leadership team with global experience in information-based services and a track record of creating significant value for shareowners, clients and employees. ISG’s strategy is to acquire and grow dynamic, innovative businesses that provide must have information-based services to such sectors as consumer products, retailing, financial services, manufacturing, media, marketing, healthcare, legal, government, telecommunications and technology. “
Separately, B. Riley reiterated a buy rating and set a $6.50 price objective on shares of Information Services Group in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. Information Services Group currently has a consensus rating of Hold and an average target price of $5.50.
Information Services Group (NASDAQ III) opened at $4.16 on Tuesday. Information Services Group has a one year low of $2.95 and a one year high of $4.63. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.89 and a current ratio of 1.89.
In related news, Director Kalpana Raina sold 18,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $4.02, for a total transaction of $72,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.00% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its position in Information Services Group by 76.8% in the second quarter. The Manufacturers Life Insurance Company now owns 27,849 shares of the business services provider’s stock worth $114,000 after buying an additional 12,098 shares in the last quarter. Wells Fargo & Company MN increased its position in Information Services Group by 82.7% in the third quarter. Wells Fargo & Company MN now owns 31,916 shares of the business services provider’s stock worth $128,000 after buying an additional 14,444 shares in the last quarter. Rhumbline Advisers increased its position in Information Services Group by 6.1% in the second quarter. Rhumbline Advisers now owns 32,784 shares of the business services provider’s stock worth $135,000 after buying an additional 1,890 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in Information Services Group in the second quarter worth about $188,000. Finally, SG Americas Securities LLC increased its position in 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 worth $253,000 after buying an additional 4,487 shares in the last quarter. Institutional investors and hedge funds own 42.06% 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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