Information Services Group (NASDAQ:III) Stock Rating Upgraded by 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 note issued to investors on Saturday.

Several other analysts have also recently commented on III. Weiss Ratings reiterated a “hold (c+)” rating on shares of Information Services Group in a research note on Wednesday, January 28th. Barrington Research upped their price objective on Information Services Group from $5.50 to $7.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.

Information Services Group Price Performance

Shares of NASDAQ III opened at $4.81 on Friday. Information Services Group has a fifty-two week low of $2.95 and a fifty-two week high of $6.45. The firm has a market capitalization of $230.30 million, a PE ratio of 25.32, a price-to-earnings-growth ratio of 0.97 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.22 and a current ratio of 2.22. The stock’s 50-day simple moving average is $5.46 and its 200-day simple moving average is $5.45.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in III. Rhumbline Advisers grew its position in 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 buying an additional 2,251 shares in the last quarter. Everstar Asset Management LLC lifted its stake in Information Services Group by 10.0% during the fourth quarter. Everstar Asset Management LLC now owns 25,808 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 2,343 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Information Services Group by 22.6% during the 4th quarter. SG Americas Securities LLC now owns 12,754 shares of the business services provider’s stock worth $74,000 after acquiring an additional 2,351 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in 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 worth $1,150,000 after purchasing an additional 3,453 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Information Services Group by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after acquiring an additional 3,739 shares in the last quarter. 73.10% of the stock is currently owned by institutional investors.

About Information Services Group

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.