Singular Research Upgrades Information Services Group (NASDAQ:III) to “Strong-Buy”

Information Services Group (NASDAQ:III) was upgraded by Singular Research from a “moderate buy” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Barrington Research boosted their price objective on shares of Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Information Services Group Price Performance

Shares of Information Services Group stock traded up $0.01 during trading on Thursday, reaching $3.35. The company’s stock had a trading volume of 100,144 shares, compared to its average volume of 103,618. The stock has a 50-day moving average price of $3.21 and a two-hundred day moving average price of $3.22. The stock has a market capitalization of $164.38 million, a P/E ratio of -47.85, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96. The company has a current ratio of 1.97, a quick ratio of 2.14 and a debt-to-equity ratio of 0.69. Information Services Group has a one year low of $2.92 and a one year high of $4.98.

Insider Buying and Selling

In other Information Services Group news, Director Kalpana Raina sold 18,795 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $3.39, for a total transaction of $63,715.05. Following the completion of the transaction, the director now owns 396,261 shares of the company’s stock, valued at $1,343,324.79. This represents a 4.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 16.00% of the stock is currently owned by company insiders.

Institutional Trading of Information Services Group

A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in Information Services Group by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 820,929 shares of the business services provider’s stock valued at $2,709,000 after buying an additional 70,135 shares during the last quarter. Barclays PLC increased its position in shares of Information Services Group by 52.5% in the third quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock valued at $334,000 after acquiring an additional 34,816 shares during the last quarter. State Street Corp raised its holdings in Information Services Group by 3.2% during the third quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock worth $1,934,000 after acquiring an additional 17,796 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Information Services Group during the third quarter valued at approximately $60,000. Finally, GSA Capital Partners LLP grew its stake in Information Services Group by 30.7% in the third quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 26,019 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.