Information Services Group (NASDAQ:III) Stock Rating Upgraded by Wall Street Zen

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

Several other analysts have also commented on the stock. Sidoti raised shares of Information Services Group to a "hold" rating in a research note on Monday, May 12th. Barrington Research increased their price objective on Information Services Group from $3.75 to $5.50 and gave the company an "outperform" rating in a research report on Monday, May 12th.

Information Services Group Price Performance

NASDAQ III remained flat at $4.80 on Friday. The company's stock had a trading volume of 280,786 shares, compared to its average volume of 118,064. Information Services Group has a 52-week low of $2.95 and a 52-week high of $5.05. The company has a market capitalization of $231.36 million, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 1.38 and a beta of 1.21. The stock's 50 day moving average price is $4.52 and its two-hundred day moving average price is $3.77. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.42 and a current ratio of 2.42.

Institutional Trading of Information Services Group

A number of hedge funds have recently made changes to their positions in III. Price T Rowe Associates Inc. MD raised its position in Information Services Group by 28.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,041 shares of the business services provider's stock valued at $47,000 after acquiring an additional 3,092 shares in the last quarter. Picton Mahoney Asset Management raised its holdings in shares of Information Services Group by 47.2% during the 4th quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider's stock valued at $32,000 after purchasing an additional 3,110 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Information Services Group by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider's stock valued at $1,150,000 after purchasing an additional 3,453 shares during the last quarter. Invesco Ltd. boosted 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 worth $80,000 after purchasing an additional 3,780 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings 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 worth $70,000 after purchasing an additional 4,741 shares in the last quarter. 73.10% of the stock is owned by hedge funds and other institutional investors.

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.