Michael P. Connors Purchases 15,727 Shares of Information Services Group, Inc. (III) Stock

Information Services Group, Inc. (NASDAQ:III) CEO Michael P. Connors purchased 15,727 shares of Information Services Group stock in a transaction that occurred on Wednesday, May 17th. The stock was acquired at an average price of $3.81 per share, for a total transaction of $59,919.87. Following the transaction, the chief executive officer now directly owns 4,153,830 shares of the company’s stock, valued at approximately $15,826,092.30. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Information Services Group, Inc. (NASDAQ:III) traded down 0.55% on Friday, reaching $3.61. 130,598 shares of the company’s stock were exchanged. Information Services Group, Inc. has a one year low of $2.95 and a one year high of $4.32. The firm’s market cap is $155.40 million. The firm has a 50 day moving average price of $3.26 and a 200 day moving average price of $3.45.

Information Services Group (NASDAQ:III) last posted its quarterly earnings results on Monday, May 8th. The business services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by $0.05. Information Services Group had a return on equity of 15.43% and a net margin of 1.35%. The company had revenue of $66.56 million for the quarter, compared to analysts’ expectations of $64.50 million. On average, equities analysts anticipate that Information Services Group, Inc. will post $0.34 earnings per share for the current year.

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Several brokerages recently weighed in on III. Noble Financial restated a “buy” rating on shares of Information Services Group in a research report on Sunday, March 12th. B. Riley reiterated a “buy” rating and set a $6.00 price objective on shares of Information Services Group in a research report on Sunday, March 12th. Zacks Investment Research upgraded shares of Information Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, April 5th. Finally, TheStreet cut shares of Information Services Group from a “c-” rating to a “d” rating in a research report on Friday, March 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $6.25.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC increased its stake in shares of Information Services Group by 1.6% in the first quarter. TIAA CREF Investment Management LLC now owns 97,320 shares of the business services provider’s stock worth $307,000 after buying an additional 1,486 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Information Services Group by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 95,580 shares of the business services provider’s stock worth $301,000 after buying an additional 2,623 shares during the last quarter. Weber Alan W increased its stake in shares of Information Services Group by 0.5% in the third quarter. Weber Alan W now owns 1,036,050 shares of the business services provider’s stock worth $4,134,000 after buying an additional 5,000 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Information Services Group by 10.8% in the first quarter. Teachers Advisors LLC now owns 64,238 shares of the business services provider’s stock worth $202,000 after buying an additional 6,241 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Information Services Group by 9.0% in the first quarter. Goldman Sachs Group Inc. now owns 102,735 shares of the business services provider’s stock worth $323,000 after buying an additional 8,519 shares during the last quarter. Institutional investors and hedge funds own 57.19% of the company’s stock.

About Information Services Group

Information Services Group, Inc is a technology insights, market intelligence and advisory services company. The Company operates in the segment of fact-based sourcing advisory services. It 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.

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