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

Key Points

• Information Services Group was upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, reflecting a more positive outlook on the stock.
• The company's stock increased by 5.7% recently, currently trading at $4.44, with a market capitalization of $214.01 million.
• Institutional investors hold 73.10% of the company's stock, indicating strong institutional interest and investment activity in Information Services Group.

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

Several other research firms also recently issued reports on III. Sidoti raised Information Services Group to a "hold" rating in a report on Monday, May 12th. Barrington Research reaffirmed an "outperform" rating and set a $5.50 price objective on shares of Information Services Group in a report on Friday, July 18th.

Information Services Group Price Performance

Shares of NASDAQ:III traded up $0.28 during trading on Friday, reaching $5.02. The stock had a trading volume of 391,209 shares, compared to its average volume of 168,384. Information Services Group has a 52 week low of $2.95 and a 52 week high of $5.28. The business's 50-day moving average price is $4.68 and its 200 day moving average price is $4.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.43 and a quick ratio of 2.43. The stock has a market capitalization of $241.96 million, a PE ratio of 33.48, a P/E/G ratio of 1.28 and a beta of 1.23.

Institutional Trading of Information Services Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in shares of Information Services Group by 29.3% in the 4th quarter. Wells Fargo & Company MN now owns 20,915 shares of the business services provider's stock valued at $70,000 after buying an additional 4,741 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Information Services Group by 11,468.6% in the 4th quarter. Russell Investments Group Ltd. now owns 115,686 shares of the business services provider's stock valued at $386,000 after buying an additional 114,686 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Information Services Group in the 4th quarter valued at $698,000. Barclays PLC grew its holdings in shares of Information Services Group by 9.3% in the 4th quarter. Barclays PLC now owns 110,539 shares of the business services provider's stock valued at $369,000 after buying an additional 9,428 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Information Services Group in the 4th quarter valued at $50,000. 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.