Barrington Research Reaffirms "Outperform" Rating for Information Services Group (NASDAQ:III)

Information Services Group (NASDAQ:III - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They currently have a $3.75 target price on the business services provider's stock. Barrington Research's price objective points to a potential upside of 11.61% from the stock's current price.

III has been the topic of several other reports. Singular Research raised shares of Information Services Group from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, November 14th. StockNews.com upgraded Information Services Group from a "hold" rating to a "buy" rating in a research report on Monday, November 11th.

Information Services Group Stock Performance

NASDAQ III traded up $0.12 on Monday, hitting $3.36. 87,806 shares of the company's stock traded hands, compared to its average volume of 102,325. The firm's 50-day moving average price is $3.18 and its two-hundred day moving average price is $3.28. The firm has a market capitalization of $164.88 million, a PE ratio of -47.99, a P/E/G ratio of 1.34 and a beta of 1.15. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group has a 1-year low of $2.92 and a 1-year high of $4.29.

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Institutional Investors Weigh In On Information Services Group

Several hedge funds have recently modified their holdings of III. Private Capital Management LLC raised its holdings in Information Services Group by 2.9% in the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider's stock worth $18,422,000 after purchasing an additional 159,141 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Information Services Group by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,446,982 shares of the business services provider's stock valued at $4,833,000 after buying an additional 63,699 shares in the last quarter. Geode Capital Management LLC grew its stake in Information Services Group by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider's stock valued at $2,709,000 after acquiring an additional 70,135 shares during the period. State Street Corp increased its holdings in Information Services Group by 3.2% in the 3rd quarter. State Street Corp now owns 578,220 shares of the business services provider's stock worth $1,934,000 after acquiring an additional 17,796 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Information Services Group by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider's stock worth $1,151,000 after acquiring an additional 17,629 shares during the period. 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.