Barrington Research Reaffirms Outperform Rating for Information Services Group (NASDAQ:III)

Information Services Group (NASDAQ:III - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Barrington Research in a research report issued on Friday,Benzinga reports. They currently have a $5.50 price objective on the business services provider's stock. Barrington Research's price objective indicates a potential upside of 17.52% from the stock's previous close.

III has been the subject of a number of other research reports. Wall Street Zen downgraded Information Services Group from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 6th. Sidoti raised Information Services Group to a "hold" rating in a research note on Monday, May 12th.

Information Services Group Stock Down 1.3%

Shares of NASDAQ:III opened at $4.68 on Friday. Information Services Group has a 52 week low of $2.95 and a 52 week high of $5.28. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.42 and a current ratio of 2.42. The company's fifty day moving average is $4.79 and its 200-day moving average is $3.89. The company has a market capitalization of $225.58 million, a PE ratio of 31.20, a P/E/G ratio of 1.36 and a beta of 1.21.

Institutional Trading of Information Services Group

Several hedge funds have recently bought and sold shares of III. Price T Rowe Associates Inc. MD lifted its position in Information Services Group by 28.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,041 shares of the business services provider's stock worth $47,000 after acquiring an additional 3,092 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Information Services Group by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider's stock valued at $1,150,000 after acquiring an additional 3,453 shares during the last quarter. Invesco Ltd. lifted its holdings in Information Services Group by 22.5% in the first quarter. Invesco Ltd. now owns 20,546 shares of the business services provider's stock valued at $80,000 after acquiring an additional 3,780 shares during the last quarter. Wells Fargo & Company MN raised its position in Information Services Group by 29.3% in the fourth 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 period. Finally, Tower Research Capital LLC TRC increased its position in shares of Information Services Group by 195.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider's stock worth $26,000 after acquiring an additional 5,104 shares during the period. Institutional investors own 73.10% of the company's stock.

About Information Services Group

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.

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