Information Services Group (NASDAQ:III) Upgraded to Strong-Buy at 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 research report issued to clients and investors on Saturday.

Other research analysts also recently issued reports about the company. Barrington Research restated an "outperform" rating and issued a $5.50 price target on shares of Information Services Group in a research note on Friday, July 18th. Sidoti upgraded Information Services Group to a "hold" rating in a research note on Monday, May 12th.

Information Services Group Stock Up 0.8%

III stock traded up $0.04 during mid-day trading on Friday, reaching $5.07. The company had a trading volume of 87,134 shares, compared to its average volume of 168,452. 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 50 day simple moving average of $4.69 and a two-hundred day simple moving average of $4.06. The company has a market capitalization of $244.35 million, a price-to-earnings ratio of 33.84, a PEG ratio of 1.36 and a beta of 1.23. Information Services Group has a 52 week low of $2.95 and a 52 week high of $5.28.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its stake in 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 purchasing an additional 4,741 shares during the period. Russell Investments Group Ltd. boosted its stake in 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 purchasing an additional 114,686 shares during the period. Raymond James Financial Inc. acquired a new position in Information Services Group in the 4th quarter valued at $698,000. Barclays PLC raised its holdings in 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 acquiring an additional 9,428 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Information Services Group in the 4th quarter valued at $50,000. 73.10% of the stock is currently owned by 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.