Pointe Capital Management LLC acquired a new stake in shares of Information Services Group, Inc. (NASDAQ:III) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 159,911 shares of the business services provider’s stock, valued at approximately $657,000.

Several other hedge funds have also recently added to or reduced their stakes in III. Thomson Horstmann & Bryant Inc. increased its position in shares of 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 worth $6,545,000 after buying an additional 132,490 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of 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 worth $5,868,000 after buying an additional 118,210 shares in the last quarter. State Street Corp increased its position in shares of Information Services Group by 37.0% in the fourth quarter. State Street Corp now owns 419,986 shares of the business services provider’s stock worth $1,530,000 after buying an additional 113,356 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Information Services Group by 54.0% in the first quarter. Wedge Capital Management L L P NC now owns 203,900 shares of the business services provider’s stock worth $642,000 after buying an additional 71,500 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Information Services Group during the first quarter worth approximately $180,000. Hedge funds and other institutional investors own 39.87% of the company’s stock.

Shares of Information Services Group, Inc. (NASDAQ III) opened at 3.56 on Friday. The stock’s market cap is $154.09 million. Information Services Group, Inc. has a 52 week low of $2.95 and a 52 week high of $4.32. The stock’s 50 day moving average price is $4.04 and its 200-day moving average price is $3.54.

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, meeting analysts’ consensus estimates of $0.06. The company had revenue of $68.04 million for 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 anticipate that Information Services Group, Inc. will post $0.32 earnings per share for the current fiscal year.

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A number of equities analysts have commented on the stock. ValuEngine upgraded shares of Information Services Group from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research upgraded shares of Information Services Group from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a report on Thursday, July 6th. Noble Financial reiterated a “buy” rating on shares of Information Services Group in a report on Friday, June 9th. Finally, B. Riley reiterated a “buy” rating and issued a $6.50 target price on shares of Information Services Group in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $5.50.

In related news, CEO Michael P. Connors purchased 15,727 shares of Information Services Group stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $3.81 per share, with a total value of $59,919.87. Following the transaction, the chief executive officer now directly owns 4,153,830 shares of the company’s stock, valued at $15,826,092.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.00% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for Information Services Group (NASDAQ:III)

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