Information Services Group's (III) "Outperform" Rating Reiterated at Barrington Research

Information Services Group (NASDAQ:III - Get Free Report)'s stock had its "outperform" rating reiterated by investment analysts at Barrington Research in a report issued on Friday,Benzinga reports. They currently have a $5.50 target price on the business services provider's stock. Barrington Research's price target would indicate a potential upside of 17.77% from the company's previous close.

A number of other research firms have also issued reports on III. Sidoti raised shares of Information Services Group to a "hold" rating in a research report on Monday, May 12th. Wall Street Zen lowered Information Services Group from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 6th.

Information Services Group Stock Up 0.2%

Shares of NASDAQ III traded up $0.01 during midday trading on Friday, reaching $4.67. 178,266 shares of the company's stock traded hands, compared to its average volume of 125,080. The stock's 50 day simple moving average is $4.79 and its 200-day simple moving average is $3.91. Information Services Group has a one year low of $2.95 and a one year high of $5.28. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.62. The company has a market cap of $225.09 million, a price-to-earnings ratio of 31.13, a P/E/G ratio of 1.34 and a beta of 1.21.

Hedge Funds Weigh In On Information Services Group

Several institutional investors have recently added to or reduced their stakes in III. Tower Research Capital LLC TRC lifted its position in shares of Information Services Group by 195.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider's stock valued at $26,000 after acquiring an additional 5,104 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Information Services Group during the 4th quarter valued at $34,000. ProShare Advisors LLC acquired a new position in shares of Information Services Group in the 4th quarter worth $34,000. Mercer Global Advisors Inc. ADV acquired a new stake in Information Services Group during the 4th quarter worth about $38,000. Finally, Marshall Wace LLP purchased a new position in Information Services Group in the fourth quarter valued at about $41,000. Institutional investors and hedge funds 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.