Information Services Group’s (III) “Buy” Rating Reiterated at Barrington Research

Barrington Research reiterated their buy rating on shares of Information Services Group (NASDAQ:III) in a report published on Friday. They currently have a $6.00 price objective on the business services provider’s stock.

“We are modestly reducing our 2018 and 2019 non- GAAP EPS forecasts to $0.36 and $0.43 from $0.38 and $0.44, respectively. The EPS changes were caused by the earnings shortfall reported in Q1/18 and several other minor factors.”,” the firm’s analyst commented.

A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Information Services Group from a hold rating to a sell rating in a research note on Wednesday, May 16th. Noble Financial reissued a buy rating on shares of Information Services Group in a research note on Friday, March 16th. Finally, B. Riley reissued a buy rating on shares of Information Services Group in a research note on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Information Services Group has a consensus rating of Hold and an average target price of $5.67.

Shares of III stock opened at $4.14 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $183.57 million, a P/E ratio of 25.88, a P/E/G ratio of 1.55 and a beta of 0.18. Information Services Group has a one year low of $3.43 and a one year high of $4.63.

Information Services Group (NASDAQ:III) last posted its quarterly earnings data on Wednesday, May 9th. The business services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $68.88 million during the quarter, compared to analyst estimates of $67.83 million. Information Services Group had a positive return on equity of 12.01% and a negative net margin of 0.50%. research analysts expect that Information Services Group will post 0.21 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. Wetherby Asset Management Inc. boosted its stake in Information Services Group by 10.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 194,450 shares of the business services provider’s stock worth $811,000 after purchasing an additional 19,117 shares in the last quarter. BlackRock Inc. boosted its stake in Information Services Group by 1.1% in the fourth quarter. BlackRock Inc. now owns 1,480,303 shares of the business services provider’s stock worth $6,174,000 after purchasing an additional 15,544 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Information Services Group by 1.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,903,811 shares of the business services provider’s stock worth $7,939,000 after acquiring an additional 31,200 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Information Services Group by 7,572.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 39,667 shares of the business services provider’s stock worth $165,000 after acquiring an additional 39,150 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Information Services Group by 96.5% during the fourth quarter. Wells Fargo & Company MN now owns 62,715 shares of the business services provider’s stock worth $262,000 after acquiring an additional 30,799 shares during the last quarter. 45.71% of the stock is currently owned by institutional investors.

About Information Services Group

Information Services Group, Inc 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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