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

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

Several other brokerages have also issued reports on III. Barrington Research lifted their price target on Information Services Group from $3.75 to $5.50 and gave the company an "outperform" rating in a research note on Monday, May 12th. Sidoti raised Information Services Group to a "hold" rating in a research note on Monday, May 12th.

Information Services Group Price Performance

Information Services Group stock opened at $4.65 on Friday. The firm has a market cap of $224.13 million, a PE ratio of 31.00, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.42 and a quick ratio of 2.42. The stock's fifty day moving average price is $4.48 and its two-hundred day moving average price is $3.75. Information Services Group has a one year low of $2.92 and a one year high of $5.05.

Institutional Investors Weigh In On Information Services Group

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in 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 purchasing an additional 5,104 shares during the last quarter. Picton Mahoney Asset Management increased its stake in shares of Information Services Group by 47.2% in the fourth quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider's stock valued at $32,000 after buying an additional 3,110 shares during the period. Intech Investment Management LLC acquired a new position in shares of Information Services Group in the fourth quarter valued at approximately $34,000. ProShare Advisors LLC bought a new position in Information Services Group in the 4th quarter valued at approximately $34,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Information Services Group during the 4th quarter worth approximately $38,000. 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.

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