Information Services Group (NASDAQ:III) Downgraded by Wall Street Zen to Buy

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

Other analysts have also issued research reports about the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Information Services Group in a research report on Friday. Barrington Research reissued an “outperform” rating and issued a $5.50 price target on shares of Information Services Group in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Information Services Group Stock Performance

NASDAQ III opened at $5.51 on Friday. The company’s 50 day moving average is $5.45 and its 200-day moving average is $4.86. Information Services Group has a 12-month low of $2.95 and a 12-month high of $6.01. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.63. The firm has a market cap of $265.55 million, a P/E ratio of 36.74, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32.

Institutional Trading of Information Services Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in shares of Information Services Group by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 53,200 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 2,251 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Information Services Group by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 294,007 shares of the business services provider’s stock valued at $1,150,000 after purchasing an additional 3,453 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Information Services Group by 23.1% in the 2nd quarter. Intech Investment Management LLC now owns 20,078 shares of the business services provider’s stock valued at $96,000 after purchasing an additional 3,767 shares in the last quarter. Invesco Ltd. boosted its stake in shares of 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 purchasing an additional 3,780 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Information Services Group by 250.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 7,177 shares in the last quarter. Institutional investors own 73.10% of the company’s stock.

About Information Services Group

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.