Information Services Group (NASDAQ:III) posted its earnings results on Thursday. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.08), Morningstar.com reports. Information Services Group had a net margin of 1.41% and a return on equity of 14.92%. The firm had revenue of $67.90 million during the quarter, compared to the consensus estimate of $72.67 million.
III stock opened at $3.60 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.44 and a quick ratio of 2.44. Information Services Group has a fifty-two week low of $3.51 and a fifty-two week high of $5.45. The company has a market capitalization of $162.67 million, a P/E ratio of 22.50, a P/E/G ratio of 1.17 and a beta of 0.42.
A number of hedge funds have recently bought and sold shares of the stock. Private Capital Management LLC raised its position in Information Services Group by 6.0% in the 3rd quarter. Private Capital Management LLC now owns 3,478,002 shares of the business services provider’s stock worth $16,625,000 after purchasing an additional 196,358 shares during the last quarter. Renaissance Technologies LLC raised its position in Information Services Group by 12.8% in the 3rd quarter. Renaissance Technologies LLC now owns 2,340,128 shares of the business services provider’s stock worth $11,186,000 after purchasing an additional 265,409 shares during the last quarter. Vanguard Group Inc raised its position in Information Services Group by 15.0% in the 3rd quarter. Vanguard Group Inc now owns 2,022,067 shares of the business services provider’s stock worth $9,666,000 after purchasing an additional 264,143 shares during the last quarter. Vanguard Group Inc. raised its position in Information Services Group by 15.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,022,067 shares of the business services provider’s stock worth $9,666,000 after purchasing an additional 264,143 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in Information Services Group in the 3rd quarter worth approximately $23,466,000. Hedge funds and other institutional investors own 47.43% of the company’s stock.
Several research firms recently weighed in on III. Zacks Investment Research cut shares of Information Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Barrington Research set a $6.00 price objective on shares of Information Services Group and gave the stock a “buy” rating in a research report on Friday, March 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $5.25.
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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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