Information Services Group (NASDAQ:III) announced its quarterly earnings results on Thursday. The business services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.08), Morningstar.com reports. The firm had revenue of $67.90 million for the quarter, compared to analyst estimates of $72.67 million. Information Services Group had a return on equity of 14.92% and a net margin of 1.41%.

Shares of NASDAQ:III traded down $0.55 during mid-day trading on Friday, reaching $3.66. 2,400 shares of the company were exchanged, compared to its average volume of 62,112. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.44 and a current ratio of 2.44. The stock has a market capitalization of $194.32 million, a P/E ratio of 23.00, a PEG ratio of 1.17 and a beta of 0.42. Information Services Group has a 1 year low of $3.83 and a 1 year high of $5.45.

A number of hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC boosted its position in Information Services Group by 25.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 21,782 shares of the business services provider’s stock valued at $92,000 after buying an additional 4,464 shares during the period. Martingale Asset Management L P boosted its position in Information Services Group by 8.6% in the 3rd quarter. Martingale Asset Management L P now owns 119,940 shares of the business services provider’s stock valued at $574,000 after buying an additional 9,524 shares during the period. Perritt Capital Management Inc. boosted its position in Information Services Group by 2.1% in the 4th quarter. Perritt Capital Management Inc. now owns 481,215 shares of the business services provider’s stock valued at $2,040,000 after buying an additional 9,825 shares during the period. Bailard Inc. purchased a new position in Information Services Group in the 4th quarter valued at approximately $42,000. Finally, Bank of America Corp DE boosted its position in Information Services Group by 55.9% in the 4th quarter. Bank of America Corp DE now owns 30,715 shares of the business services provider’s stock valued at $131,000 after buying an additional 11,016 shares during the period. 47.43% of the stock is owned by institutional investors.

A number of research firms recently weighed in on III. Zacks Investment Research raised shares of Information Services Group from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective for the company in a research report on Thursday, November 15th. 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $5.25.

TRADEMARK VIOLATION WARNING: “Information Services Group (III) Posts Earnings Results, Misses Expectations By $0.08 EPS” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://theolympiareport.com/2019/03/15/information-services-group-iii-posts-earnings-results-misses-expectations-by-0-08-eps.html.

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.

See Also: Stock Symbols and CUSIP Explained

Earnings History for Information Services Group (NASDAQ:III)

Receive News & Ratings for Information Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Information Services Group and related companies with MarketBeat.com's FREE daily email newsletter.