Information Services Group (NASDAQ:III) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Information Services Group (NASDAQ:III) from a buy rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

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. “

Shares of III opened at $6.92 on Wednesday. The company has a market capitalization of $339.01 million, a price-to-earnings ratio of 25.63, a P/E/G ratio of 1.25 and a beta of 0.69. Information Services Group has a fifty-two week low of $3.38 and a fifty-two week high of $9.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 1.99. The business’s 50-day moving average is $8.16 and its 200-day moving average is $7.33.

Information Services Group (NASDAQ:III) last issued its earnings results on Thursday, November 4th. The business services provider reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The company had revenue of $71.10 million for the quarter, compared to the consensus estimate of $66.89 million. Information Services Group had a return on equity of 17.53% and a net margin of 4.88%. Equities research analysts expect that Information Services Group will post 0.32 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 17th. Investors of record on Friday, December 3rd were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, December 2nd. This represents a $0.12 annualized dividend and a dividend yield of 1.73%. Information Services Group’s payout ratio is 44.44%.

In related news, Director Neil G. Budnick sold 41,376 shares of the business’s stock in a transaction that occurred on Thursday, November 18th. The stock was sold at an average price of $9.26, for a total value of $383,141.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC grew its stake in shares of Information Services Group by 6.2% in the 3rd quarter. Squarepoint Ops LLC now owns 34,291 shares of the business services provider’s stock valued at $246,000 after buying an additional 2,007 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Information Services Group by 30.7% in the 2nd quarter. Royal Bank of Canada now owns 9,976 shares of the business services provider’s stock valued at $58,000 after buying an additional 2,343 shares in the last quarter. Walleye Capital LLC boosted its position in Information Services Group by 10.3% during the second quarter. Walleye Capital LLC now owns 29,783 shares of the business services provider’s stock worth $174,000 after purchasing an additional 2,783 shares during the period. Dimensional Fund Advisors LP boosted its position in Information Services Group by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 917,704 shares of the business services provider’s stock worth $6,589,000 after purchasing an additional 2,954 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in Information Services Group by 28.6% during the second quarter. Parametric Portfolio Associates LLC now owns 13,494 shares of the business services provider’s stock worth $79,000 after purchasing an additional 2,998 shares during the period. 50.62% of the stock is owned by institutional investors and hedge funds.

About Information Services Group

Information Services Group, Inc engages in the provision of sourcing advisory services. It operates 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, defense, automotive, banking, energy, healthcare, and insurance industries.

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