Relyea Zuckerberg Hanson LLC purchased a new stake in Information Services Group, Inc. (NASDAQ:III) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 75,000 shares of the business services provider’s stock, valued at approximately $190,000. Relyea Zuckerberg Hanson LLC owned 0.16% of Information Services Group at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in shares of Information Services Group by 43.3% in the 3rd quarter. SG Americas Securities LLC now owns 28,750 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 8,690 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Information Services Group in the second quarter valued at $91,000. Zebra Capital Management LLC boosted its position in shares of Information Services Group by 134.3% in the third quarter. Zebra Capital Management LLC now owns 41,953 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 24,047 shares during the period. Rhumbline Advisers boosted its position in shares of Information Services Group by 8.9% in the third quarter. Rhumbline Advisers now owns 53,391 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 4,341 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Information Services Group by 5.7% during the second quarter. Wells Fargo & Company MN now owns 86,239 shares of the business services provider’s stock worth $273,000 after purchasing an additional 4,633 shares during the period. 52.29% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on III. Barrington Research reissued a “hold” rating on shares of Information Services Group in a research report on Wednesday, November 13th. Zacks Investment Research raised Information Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Noble Financial reissued a “buy” rating and issued a $5.25 price objective on shares of Information Services Group in a report on Tuesday, November 26th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $4.75.
Shares of III opened at $2.59 on Thursday. The company has a market cap of $123.59 million, a PE ratio of 26.00, a price-to-earnings-growth ratio of 1.39 and a beta of 0.46. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.07. The stock has a 50-day moving average price of $2.43 and a 200-day moving average price of $2.56. Information Services Group, Inc. has a 12-month low of $2.14 and a 12-month high of $4.50.
Information Services Group (NASDAQ:III) last issued its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The firm had revenue of $68.14 million during the quarter, compared to the consensus estimate of $71.07 million. Information Services Group had a return on equity of 5.60% and a net margin of 0.15%. As a group, analysts predict that Information Services Group, Inc. will post 0.16 earnings per share for the current year.
Information Services Group Company Profile
Information Services Group, Inc engages in the provision of sourcing advisory services. It operaets through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defence, automotive, banking, energy, healthcare and insurance industries.
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