Information Services Group, Inc. (NASDAQ:III) – Equities research analysts at B. Riley issued their FY2017 earnings per share (EPS) estimates for Information Services Group in a report released on Tuesday, March 13th, according to Zacks Investment Research. B. Riley analyst S. Sherbetchyan forecasts that the business services provider will post earnings of $0.23 per share for the year. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Information Services Group’s Q4 2017 earnings at $0.05 EPS, Q1 2018 earnings at $0.01 EPS, Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.07 EPS and FY2018 earnings at $0.23 EPS.
Information Services Group (NASDAQ:III) last posted its quarterly earnings data on Wednesday, March 14th. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Information Services Group had a positive return on equity of 9.66% and a negative net margin of 0.79%. The company had revenue of $66.61 million for the quarter, compared to the consensus estimate of $69.34 million.
III has been the subject of a number of other reports. Noble Financial reaffirmed a “buy” rating on shares of Information Services Group in a report on Friday, March 16th. Zacks Investment Research downgraded shares of Information Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Barrington Research set a $6.00 price objective on shares of Information Services Group and gave the stock a “buy” rating in a report on Tuesday, March 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $5.67.
Shares of NASDAQ III traded down $0.01 during mid-day trading on Thursday, reaching $4.19. 73,941 shares of the company were exchanged, compared to its average volume of 88,076. Information Services Group has a 52 week low of $3.00 and a 52 week high of $4.63. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market capitalization of $183.05, a P/E ratio of 26.19, a P/E/G ratio of 1.43 and a beta of 0.18.
A number of large investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. raised its position in Information Services Group by 7,572.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 39,667 shares of the business services provider’s stock worth $165,000 after purchasing an additional 39,150 shares during the period. Deutsche Bank AG increased its position in shares of Information Services Group by 146.9% in the fourth quarter. Deutsche Bank AG now owns 72,627 shares of the business services provider’s stock valued at $301,000 after acquiring an additional 43,207 shares during the period. Renaissance Technologies LLC increased its position in shares of Information Services Group by 1.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,903,811 shares of the business services provider’s stock valued at $7,939,000 after acquiring an additional 31,200 shares during the period. Wetherby Asset Management Inc. increased its position in shares of 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 valued at $811,000 after acquiring an additional 19,117 shares during the period. Finally, BlackRock Inc. increased its position in shares of 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 valued at $6,174,000 after acquiring an additional 15,544 shares during the period. Institutional investors own 44.82% of the company’s stock.
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Information Services Group Company Profile
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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