Information Services Group (NASDAQ:III) Raised to “Strong-Buy” at Wall Street Zen

Information Services Group (NASDAQ:III) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other analysts also recently issued reports on III. Barrington Research reissued an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a research note on Friday, July 18th. Sidoti upgraded shares of Information Services Group to a “hold” rating in a research note on Monday, May 12th.

Information Services Group Stock Up 5.7%

III opened at $4.44 on Friday. The firm has a 50-day simple moving average of $4.68 and a two-hundred day simple moving average of $4.03. Information Services Group has a 52 week low of $2.95 and a 52 week high of $5.28. The company has a market capitalization of $214.01 million, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.21 and a beta of 1.23. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC raised its holdings in shares of Information Services Group by 23.1% in the second quarter. Intech Investment Management LLC now owns 20,078 shares of the business services provider’s stock worth $96,000 after buying an additional 3,767 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Information Services Group in the second quarter worth $39,000. Bailard Inc. raised its holdings in shares of Information Services Group by 72.3% in the second quarter. Bailard Inc. now owns 63,552 shares of the business services provider’s stock worth $305,000 after buying an additional 26,664 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Information Services Group by 14.3% in the second quarter. Acadian Asset Management LLC now owns 448,690 shares of the business services provider’s stock worth $2,152,000 after buying an additional 56,131 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Information Services Group in the second quarter worth $194,000. 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.