Information Services Group (NASDAQ:III) Earns Outperform Rating from Barrington Research

Key Points

• Barrington Research has reissued an "outperform" rating for Information Services Group (NASDAQ:III), maintaining a price target of $5.50, which indicates a potential upside of 0.73% from its current price.
• The stock has received mixed ratings from analysts, with one analyst giving it a "strong buy," while two others rated it as a "hold," leading to a consensus rating of "moderate buy."
• Institutional investors own 73.10% of the company, reflecting strong interest, as several hedge funds have recently increased their stakes in Information Services Group.

Information Services Group (NASDAQ:III - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Barrington Research in a report released on Wednesday,Benzinga reports. They presently have a $5.50 price target on the business services provider's stock. Barrington Research's price objective points to a potential upside of 0.73% from the company's current price.

A number of other equities analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Information Services Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Information Services Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.50.

Information Services Group Price Performance

III opened at $5.46 on Wednesday. The company has a fifty day moving average price of $5.24 and a two-hundred day moving average price of $4.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.43 and a current ratio of 2.43. Information Services Group has a 52 week low of $2.95 and a 52 week high of $6.01. The firm has a market capitalization of $263.12 million, a PE ratio of 36.40, a P/E/G ratio of 1.45 and a beta of 1.32.

Hedge Funds Weigh In On Information Services Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in III. Cerity Partners LLC raised its stake in Information Services Group by 15.9% during the second quarter. Cerity Partners LLC now owns 5,023,533 shares of the business services provider's stock worth $24,113,000 after buying an additional 690,957 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Information Services Group by 6.5% during the first quarter. Blair William & Co. IL now owns 881,294 shares of the business services provider's stock valued at $3,446,000 after buying an additional 54,056 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Information Services Group by 14.3% during the second quarter. Acadian Asset Management LLC now owns 448,690 shares of the business services provider's stock worth $2,152,000 after purchasing an additional 56,131 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Information Services Group by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider's stock worth $1,150,000 after purchasing an additional 3,453 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Information Services Group by 14.9% during the second quarter. Raymond James Financial Inc. now owns 238,052 shares of the business services provider's stock worth $1,143,000 after purchasing an additional 30,781 shares during the last quarter. 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.

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