Barrington Research Forecasts Strong Price Appreciation for Information Services Group (NASDAQ:III) Stock

Information Services Group (NASDAQ:III - Get Free Report) had its target price lifted by stock analysts at Barrington Research from $3.50 to $3.75 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the business services provider's stock. Barrington Research's target price suggests a potential upside of 13.29% from the company's current price.

Separately, Singular Research upgraded shares of Information Services Group to a "moderate buy" rating in a research report on Wednesday, August 28th.

Information Services Group Stock Performance

III stock traded down $0.04 during mid-day trading on Monday, reaching $3.31. 51,920 shares of the stock traded hands, compared to its average volume of 102,895. Information Services Group has a 52 week low of $2.92 and a 52 week high of $4.98. The firm has a market capitalization of $161.83 million, a PE ratio of -47.28, a P/E/G ratio of 2.72 and a beta of 0.96. The business has a 50-day moving average of $3.20 and a two-hundred day moving average of $3.22. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.78.

Hedge Funds Weigh In On Information Services Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in III. Brown Brothers Harriman & Co. grew its holdings in Information Services Group by 107.4% in the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider's stock worth $1,665,000 after purchasing an additional 293,328 shares during the period. Blair William & Co. IL grew its stake in Information Services Group by 6.1% during the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider's stock valued at $3,286,000 after acquiring an additional 46,799 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Information Services Group in the 1st quarter worth approximately $45,000. Arkadios Wealth Advisors purchased a new stake in shares of Information Services Group in the 2nd quarter valued at $32,000. Finally, Vanguard Group Inc. raised its holdings in Information Services Group by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider's stock valued at $8,760,000 after buying an additional 15,028 shares during the last quarter. Institutional investors 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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