Information Services Group's (III) Outperform Rating Reaffirmed at Barrington Research

Information Services Group (NASDAQ:III - Get Free Report)'s stock had its "outperform" rating reissued by Barrington Research in a research note issued on Wednesday, Benzinga reports. They presently have a $3.50 price objective on the business services provider's stock. Barrington Research's price objective would suggest a potential upside of 11.46% from the company's previous close.

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

Information Services Group Stock Performance

NASDAQ III traded up $0.03 during trading hours on Wednesday, reaching $3.14. 68,127 shares of the company were exchanged, compared to its average volume of 102,761. Information Services Group has a 1 year low of $2.92 and a 1 year high of $4.98. The business's 50 day simple moving average is $3.23 and its 200-day simple moving average is $3.24. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $152.81 million, a P/E ratio of -157.00, a P/E/G ratio of 2.49 and a beta of 0.95.

Information Services Group (NASDAQ:III - Get Free Report) last posted its earnings results on Monday, August 5th. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.51 million. Information Services Group had a negative net margin of 0.38% and a positive return on equity of 7.48%. On average, equities research analysts expect that Information Services Group will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Information Services Group

A number of large investors have recently modified their holdings of III. Blair William & Co. IL boosted its position in shares of Information Services Group by 6.1% in 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 during the period. Vanguard Group Inc. lifted its position in Information Services Group by 0.7% during the first 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. Quadrature Capital Ltd lifted its position in Information Services Group by 88.0% during the first quarter. Quadrature Capital Ltd now owns 26,249 shares of the business services provider's stock valued at $106,000 after purchasing an additional 12,289 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Information Services Group during the first quarter valued at approximately $45,000. Finally, EMC Capital Management lifted its position in Information Services Group by 277.3% during the first quarter. EMC Capital Management now owns 17,184 shares of the business services provider's stock valued at $69,000 after purchasing an additional 12,629 shares during the last quarter. 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.