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

Information Services Group (NASDAQ:III)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a research note issued on Thursday,Benzinga reports. They presently have a $5.50 price objective on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 28.50% from the stock’s current price.

III has been the subject of a number of other research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Information Services Group in a research report on Wednesday, January 28th. Wall Street Zen cut Information Services Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.50.

Information Services Group Price Performance

Information Services Group stock opened at $4.28 on Thursday. Information Services Group has a 1 year low of $3.51 and a 1 year high of $6.45. The stock has a market cap of $204.03 million, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 0.91 and a beta of 1.09. The firm has a 50-day moving average of $4.29 and a two-hundred day moving average of $5.18. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.34 and a quick ratio of 2.34.

Information Services Group (NASDAQ:III) last announced its quarterly earnings results on Thursday, March 5th. The business services provider reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Information Services Group had a net margin of 3.82% and a return on equity of 11.49%. The firm had revenue of $61.21 million during the quarter, compared to analysts’ expectations of $61.11 million. On average, research analysts forecast that Information Services Group will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its position in shares of Information Services Group by 4.4% during 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 increased its stake in shares of 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 worth $149,000 after purchasing an additional 2,343 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Information Services Group by 22.6% during the fourth quarter. SG Americas Securities LLC now owns 12,754 shares of the business services provider’s stock worth $74,000 after purchasing an additional 2,351 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 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% during the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after purchasing an additional 3,739 shares in the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

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.