Information Services Group, Inc. $III Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 21.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,888,952 shares of the business services provider’s stock after purchasing an additional 339,343 shares during the quarter. Renaissance Technologies LLC’s holdings in Information Services Group were worth $7,254,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings in Information Services Group by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock valued at $54,000 after buying an additional 3,739 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Information Services Group by 250.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock worth $48,000 after acquiring an additional 7,177 shares during the period. American Century Companies Inc. acquired a new stake in shares of Information Services Group in the second quarter worth approximately $53,000. Verdad Advisers LP acquired a new stake in shares of Information Services Group in the fourth quarter worth approximately $67,000. Finally, Centiva Capital LP purchased a new stake in Information Services Group in the third quarter valued at approximately $68,000. 73.10% of the stock is owned by institutional investors and hedge funds.

Information Services Group Price Performance

III opened at $4.29 on Tuesday. Information Services Group, Inc. has a 52-week low of $3.74 and a 52-week high of $6.45. The company has a 50 day moving average of $4.15 and a two-hundred day moving average of $4.40. The company has a market cap of $205.23 million, a P/E ratio of 21.45, a P/E/G ratio of 0.90 and a beta of 1.10. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.63.

Information Services Group (NASDAQ:III) last posted its earnings results on Thursday, May 7th. The business services provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. Information Services Group had a net margin of 4.29% and a return on equity of 12.92%. The business had revenue of $61.18 million for the quarter, compared to analyst estimates of $60.85 million. On average, analysts expect that Information Services Group, Inc. will post 0.27 earnings per share for the current year.

Analyst Ratings Changes

III has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Information Services Group in a research report on Tuesday, June 9th. Wall Street Zen lowered shares of Information Services Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Barrington Research reissued an “outperform” rating and set a $5.50 price objective on shares of Information Services Group in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Information Services Group presently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

About Information Services Group

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.