Information Services Group's (III) Hold (C) Rating Reiterated at Weiss Ratings

Key Points

• Information Services Group's stock has a "hold (c)" rating reiterated by Weiss Ratings, while other firms like Wall Street Zen have upgraded it to "strong-buy."
• The stock is currently priced at $5.67, with a market capitalization of $273.24 million and a consensus target price of $5.50.
• Institutional investors hold 73.10% of the company's shares, indicating significant institutional interest, including notable stakes by Cerity Partners and Mackenzie Financial.

Information Services Group (NASDAQ:III - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other research firms also recently issued reports on III. Wall Street Zen upgraded Information Services Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Barrington Research reiterated an "outperform" rating and issued a $5.50 price target on shares of Information Services Group in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5.50.

Information Services Group Price Performance

III stock opened at $5.67 on Wednesday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.63. Information Services Group has a 52-week low of $2.95 and a 52-week high of $6.01. The stock's 50 day moving average is $5.15 and its two-hundred day moving average is $4.64. The company has a market capitalization of $273.24 million, a PE ratio of 37.80, a P/E/G ratio of 1.52 and a beta of 1.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in III. Cerity Partners LLC boosted its position in Information Services Group by 15.9% during the 2nd quarter. Cerity Partners LLC now owns 5,023,533 shares of the business services provider's stock valued at $24,113,000 after purchasing an additional 690,957 shares during the period. Ritholtz Wealth Management acquired a new position in Information Services Group during the 2nd quarter valued at approximately $819,000. Manatuck Hill Partners LLC acquired a new position in Information Services Group during the 2nd quarter valued at approximately $673,000. Arrowstreet Capital Limited Partnership acquired a new position in Information Services Group during the 2nd quarter worth $417,000. Finally, Mackenzie Financial Corp grew its stake in shares of Information Services Group by 396.6% in the first quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider's stock worth $384,000 after purchasing an additional 78,364 shares in the last quarter. 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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