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

Information Services Group (NASDAQ:III - Get Free Report)'s stock had its "outperform" rating restated by investment analysts at Barrington Research in a note issued to investors on Friday, Benzinga reports. They presently have a $3.50 price objective on the business services provider's stock. Barrington Research's price objective indicates a potential upside of 11.11% from the stock's previous close.

Information Services Group Trading Up 0.3 %

III traded up $0.01 during midday trading on Friday, reaching $3.15. 136,340 shares of the company's stock traded hands, compared to its average volume of 113,162. The firm has a fifty day moving average of $3.13 and a two-hundred day moving average of $3.83. The stock has a market capitalization of $153.31 million, a price-to-earnings ratio of -157.00, a P/E/G ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.23 and a quick ratio of 2.23. Information Services Group has a 52 week low of $2.92 and a 52 week high of $5.49.

Information Services Group (NASDAQ:III - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.05). The business had revenue of $64.27 million for the quarter, compared to the consensus estimate of $66.05 million. Information Services Group had a negative net margin of 0.26% and a positive return on equity of 7.81%. On average, equities analysts anticipate that Information Services Group will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of Information Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Global Investments grew its stake in shares of Information Services Group by 21.1% in the 4th quarter. Summit Global Investments now owns 22,349 shares of the business services provider's stock worth $105,000 after buying an additional 3,900 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Information Services Group during the 4th quarter valued at $72,000. Equitable Trust Co. boosted its stake in Information Services Group by 14.7% during the 4th quarter. Equitable Trust Co. now owns 129,312 shares of the business services provider's stock valued at $609,000 after purchasing an additional 16,580 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in Information Services Group during the 1st quarter valued at $45,000. Finally, Vanguard Group Inc. boosted its stake 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 purchasing an additional 15,028 shares during the last quarter. Hedge funds and other 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.