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

Information Services Group (NASDAQ:III)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a report issued on Friday,Benzinga reports. They currently have a $5.50 target price on the business services provider’s stock. Barrington Research’s target price would suggest a potential upside of 18.03% from the company’s current price.

III has been the subject of a number of other reports. Sidoti upgraded Information Services Group to a “hold” rating in a research report on Monday, May 12th. Wall Street Zen cut Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 6th.

Information Services Group Trading Down 0.4%

Shares of NASDAQ:III opened at $4.66 on Friday. Information Services Group has a 12-month low of $2.95 and a 12-month high of $5.28. The company has a market capitalization of $224.61 million, a PE ratio of 31.07, a PEG ratio of 1.34 and a beta of 1.21. The business has a 50 day moving average of $4.79 and a two-hundred day moving average of $3.91. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its position in Information Services Group by 28.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,041 shares of the business services provider’s stock worth $47,000 after acquiring an additional 3,092 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Information Services Group by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock worth $1,150,000 after acquiring an additional 3,453 shares during the last quarter. Invesco Ltd. grew its holdings in Information Services Group by 22.5% in the 1st quarter. Invesco Ltd. now owns 20,546 shares of the business services provider’s stock valued at $80,000 after buying an additional 3,780 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Information Services Group by 29.3% in the 4th quarter. Wells Fargo & Company MN now owns 20,915 shares of the business services provider’s stock valued at $70,000 after buying an additional 4,741 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Information Services Group by 195.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider’s stock valued at $26,000 after buying an additional 5,104 shares in the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

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.