Information Services Group’s (III) “Outperform” Rating Reaffirmed at Barrington Research

Information Services Group (NASDAQ:III)‘s stock had its “outperform” rating reiterated by Barrington Research in a research report issued on Monday,Benzinga reports. They presently have a $3.75 price objective on the business services provider’s stock. Barrington Research’s price target indicates a potential upside of 13.64% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. Singular Research raised Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th. StockNews.com raised Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Information Services Group Stock Up 6.5 %

Shares of NASDAQ III opened at $3.30 on Monday. The company has a market capitalization of $161.94 million, a P/E ratio of -47.14, a P/E/G ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.97 and a quick ratio of 1.97. The company has a 50 day simple moving average of $3.18 and a 200-day simple moving average of $3.28. Information Services Group has a 1 year low of $2.92 and a 1 year high of $4.29.

Institutional Trading of Information Services Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in III. Price T Rowe Associates Inc. MD lifted its holdings in shares of Information Services Group by 28.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,041 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 3,092 shares during the last quarter. Picton Mahoney Asset Management grew its position in shares of Information Services Group by 47.2% during the fourth quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider’s stock worth $32,000 after acquiring an additional 3,110 shares during the last quarter. Williams & Novak LLC increased its holdings in shares of Information Services Group by 10.3% in the 4th quarter. Williams & Novak LLC now owns 43,775 shares of the business services provider’s stock valued at $146,000 after acquiring an additional 4,080 shares during the period. Wells Fargo & Company MN raised its position in Information Services Group by 29.3% in the 4th quarter. Wells Fargo & Company MN now owns 20,915 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 4,741 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Information Services Group by 195.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider’s stock worth $26,000 after purchasing an additional 5,104 shares during the period. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Company Profile

Information Services Group, Inc, together with its subsidiaries, 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.