Headlines about Information Services Group (NASDAQ:III) have been trending positive this week, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Information Services Group earned a media sentiment score of 0.41 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 48 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Ensono Named a Top 15 Sourcing Service Provider by ISG for Second Straight Quarter (finance.yahoo.com)
- Information Services Group, Inc. (III) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- ISG Index(TM): Increased Sourcing Activity Drives Record-Breaking Second Quarter in Asia Pacific (finance.yahoo.com)
- UNITED STATES OF AMERICA WILLIAM TINGLEY III v. PNC FINANCIAL SERVICES GROUP INC FIFTH THIRD BANCORP (caselaw.findlaw.com)
Information Services Group (NASDAQ III) traded up 0.49% during trading on Friday, reaching $4.07. 29,742 shares of the company traded hands. The company’s market cap is $175.21 million. The company’s 50-day moving average is $4.08 and its 200 day moving average is $3.52. Information Services Group has a 12 month low of $2.95 and a 12 month high of $4.32.
Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Monday, May 8th. The business services provider reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.05. The firm had revenue of $66.56 million for the quarter, compared to analysts’ expectations of $64.50 million. Information Services Group had a negative net margin of 2.75% and a negative return on equity of 13.06%. On average, analysts anticipate that Information Services Group will post $0.34 earnings per share for the current year.
III has been the subject of several recent analyst reports. Noble Financial reaffirmed a “buy” rating on shares of Information Services Group in a report on Friday, June 9th. B. Riley reaffirmed a “buy” rating and set a $6.50 price objective on shares of Information Services Group in a report on Saturday, May 13th. Zacks Investment Research raised shares of Information Services Group from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, ValuEngine raised shares of Information Services Group from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $5.67.
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In other news, CEO Michael P. Connors acquired 15,727 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average cost of $3.81 per share, with a total value of $59,919.87. Following the acquisition, the chief executive officer now owns 4,153,830 shares in the company, valued at approximately $15,826,092.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.00% 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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