Information Services Group (III) Posts Earnings Results, Misses Expectations By $0.08 EPS
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.
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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