Barrington Research restated their outperform rating on shares of Information Services Group (NASDAQ:III – Free Report) in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a $3.50 price target on the business services provider’s stock.
Information Services Group Trading Up 0.3 %
Shares of Information Services Group stock opened at $3.15 on Friday. The company has a market capitalization of $153.29 million, a P/E ratio of -157.50, a P/E/G ratio of 1.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.23 and a current ratio of 2.23. The company has a fifty day moving average of $3.12 and a 200 day moving average of $3.80. Information Services Group has a fifty-two week low of $2.92 and a fifty-two week high of $5.49.
Information Services Group (NASDAQ:III – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The business services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). Information Services Group had a negative net margin of 0.26% and a positive return on equity of 7.81%. The company had revenue of $64.27 million for the quarter, compared to the consensus estimate of $66.05 million. On average, sell-side analysts anticipate that Information Services Group will post 0.14 earnings per share for the current fiscal year.
Information Services Group Dividend Announcement
Institutional Trading of Information Services Group
Several hedge funds have recently made changes to their positions in III. CHICAGO TRUST Co NA purchased a new stake in Information Services Group in the 2nd quarter worth about $30,000. Price T Rowe Associates Inc. MD acquired a new stake in Information Services Group during the 1st quarter worth about $45,000. SG Americas Securities LLC acquired a new stake in Information Services Group during the 4th quarter worth about $72,000. EMC Capital Management lifted its position in Information Services Group by 277.3% during the 1st quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock worth $69,000 after acquiring an additional 12,629 shares during the period. Finally, Summit Global Investments raised its stake in shares of Information Services Group by 21.1% during the 4th quarter. Summit Global Investments now owns 22,349 shares of the business services provider’s stock valued at $105,000 after buying an additional 3,900 shares during the last quarter. 73.10% of the stock is currently owned by hedge funds and other 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.
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