Information Services Group (NASDAQ:III) Raised to Strong-Buy at Wall Street Zen

Information Services Group (NASDAQ:III - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Thursday.

A number of other equities analysts have also weighed in on the stock. Barrington Research upped their price target on shares of Information Services Group from $3.75 to $5.50 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Sidoti raised Information Services Group to a "hold" rating in a report on Monday, May 12th.

Information Services Group Stock Performance

Shares of NASDAQ III traded up $0.06 during midday trading on Thursday, hitting $4.82. 28,016 shares of the company's stock traded hands, compared to its average volume of 112,737. The firm has a fifty day moving average of $3.92 and a 200 day moving average of $3.52. Information Services Group has a 1 year low of $2.92 and a 1 year high of $5.05. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market capitalization of $232.10 million, a price-to-earnings ratio of -68.99, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Information Services Group during the 4th quarter valued at approximately $698,000. Private Capital Management LLC lifted its holdings in shares of Information Services Group by 2.9% in the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider's stock valued at $18,422,000 after acquiring an additional 159,141 shares during the last quarter. Russell Investments Group Ltd. grew its position in Information Services Group by 11,468.6% in the fourth quarter. Russell Investments Group Ltd. now owns 115,686 shares of the business services provider's stock worth $386,000 after acquiring an additional 114,686 shares in the last quarter. Mackenzie Financial Corp increased its stake in Information Services Group by 396.6% during the first quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider's stock worth $384,000 after acquiring an additional 78,364 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Information Services Group during the first quarter worth approximately $267,000. Hedge funds and other 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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