The stock of Information Services Group, Inc. (NASDAQ:III) is a huge mover today! The stock decreased 1.72% or $0.07 during the last trading session, hitting $3.99. About 52,593 shares traded hands or 10.52% up from the average. Information Services Group, Inc. (NASDAQ:III) has risen 30.39% since February 29, 2016 and is uptrending. It has outperformed by 19.97% the S&P500.
The move comes after 9 months negative chart setup for the $140.35M company. It was reported on Oct, 1 by Barchart.com. We have $3.47 PT which if reached, will make NASDAQ:III worth $18.25M less.
Analysts await Information Services Group, Inc. (NASDAQ:III) to report earnings on November, 14. They expect $0.04 EPS, down 42.86% or $0.03 from last year’s $0.07 per share. III’s profit will be $1.41 million for 24.94 P/E if the $0.04 EPS becomes a reality. After $0.06 actual EPS reported by Information Services Group, Inc. for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.
Information Services Group, Inc. (NASDAQ:III) Ratings Coverage
Out of 3 analysts covering Information Services Group (NASDAQ:III), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Information Services Group has been the topic of 6 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, January 18 by Macquarie Research. The stock has “Outperform” rating given by Barrington Research on Thursday, August 20. The firm earned “Outperform” rating on Wednesday, November 18 by Macquarie Research. The stock of Information Services Group, Inc. (NASDAQ:III) has “Buy” rating given on Monday, August 10 by Maxim Group. On Friday, January 15 the stock rating was downgraded by Macquarie Research to “Neutral”. The rating was initiated by Macquarie Research with “Outperform” on Thursday, August 27.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.19, from 1.16 in 2016Q1. The ratio increased, as 9 funds sold all Information Services Group, Inc. shares owned while 17 reduced positions. 20 funds bought stakes while 15 increased positions. They now own 17.33 million shares or 1.20% less from 17.54 million shares in 2016Q1.
Geode Capital Mgmt Ltd has invested 0% of its portfolio in Information Services Group, Inc. (NASDAQ:III). Tiaa Cref Mgmt Lc holds 0% of its portfolio in Information Services Group, Inc. (NASDAQ:III) for 100,639 shares. Blackrock holds 0% of its portfolio in Information Services Group, Inc. (NASDAQ:III) for 737 shares. Rhumbline Advisers owns 13,744 shares or 0% of their US portfolio. Northern reported 120,147 shares or 0% of all its holdings. Pnc Finance Services Group Inc accumulated 198 shares or 0% of the stock. Clear Harbor Asset Management Lc, a New York-based fund reported 113,640 shares. Financial Bank Of New York Mellon has 96,393 shares for 0% of their US portfolio. Sei Company has 1,895 shares for 0% of their US portfolio. Thomson Horstmann & Bryant has 0.86% invested in the company for 1.76M shares. Allianz Asset Management Ag has invested 0% of its portfolio in Information Services Group, Inc. (NASDAQ:III). Renaissance Technology Limited Liability Corp owns 1.80 million shares or 0.01% of their US portfolio. Credit Suisse Ag has 15,765 shares for 0% of their US portfolio. Nationwide Fund Advsrs accumulated 0% or 19,972 shares. Royal Comml Bank Of Canada has invested 0% of its portfolio in Information Services Group, Inc. (NASDAQ:III).
More recent Information Services Group, Inc. (NASDAQ:III) news were published by: Prnewswire.com which released: “Information Services Group Announces Commencement Of Dutch Auction Tender …” on March 09, 2016. Also Seekingalpha.com published the news titled: “Information Services Group, Inc. (III) CEO Michael Connors on Q1 2016 Results …” on May 09, 2016. Seekingalpha.com‘s news article titled: “Information Services Group’s (III) CEO Michael Connors on Q2 2016 Results …” with publication date: August 08, 2016 was also an interesting one.
III Company Profile
Information Services Group, Inc. (ISG), incorporated on July 20, 2006, is a technology insights, market intelligence and advisory services company. The Firm operates in the segment of fact sourcing advisory services. ISG supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services with a focus on information technology, business process transformation, program management services and enterprise resource planning. The Firm operates principally in the Americas, Europe and Asia Pacific. The Firm operates in approximately 21 countries. The Firm provides three lines of service: research, consulting and managed services. The Company’s private sector clients operate in the financial services, telecommunications, healthcare and pharmaceuticals, manufacturing, transportation and travel, and energy and utilities industries. The Company’s public sector clients are primarily state and local Governments (cities and counties) and authorities (airport and transit) in the United States, and national and provincial government units in the United Kingdom, Italy, Canada and Australia.
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