Information Services Group (NASDAQ:III) Rating Reiterated by Barrington Research

Information Services Group (NASDAQ:III)‘s stock had its “outperform” rating restated by equities research analysts at Barrington Research in a note issued to investors on Thursday, Benzinga reports. They presently have a $3.50 price target on the business services provider’s stock. Barrington Research’s price objective indicates a potential upside of 7.69% from the company’s previous close.

Separately, Singular Research raised Information Services Group to a “moderate buy” rating in a research report on Wednesday, August 28th.

Information Services Group Trading Up 0.3 %

NASDAQ III opened at $3.25 on Thursday. The company has a market capitalization of $158.16 million, a price-to-earnings ratio of -162.50, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.14 and a quick ratio of 2.14. Information Services Group has a 12 month low of $2.92 and a 12 month high of $4.98. The company’s fifty day moving average price is $3.28 and its two-hundred day moving average price is $3.36.

Information Services Group (NASDAQ:III) last posted its quarterly earnings results on Monday, August 5th. The business services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.51 million. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. As a group, research analysts predict that Information Services Group will post 0.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Information Services Group

A number of hedge funds and other institutional investors have recently bought and sold shares of III. Private Capital Management LLC raised its position in shares of Information Services Group by 1.7% during the 4th quarter. Private Capital Management LLC now owns 5,011,315 shares of the business services provider’s stock worth $23,603,000 after purchasing an additional 81,891 shares during the period. Vanguard Group Inc. boosted its position in Information Services Group by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock valued at $8,760,000 after purchasing an additional 15,028 shares during the period. Blair William & Co. IL grew its stake in Information Services Group by 1.4% during the 2nd quarter. Blair William & Co. IL now owns 824,499 shares of the business services provider’s stock worth $2,424,000 after buying an additional 11,056 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Information Services Group by 107.4% in the second quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock worth $1,665,000 after buying an additional 293,328 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Information Services Group by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 353,188 shares of the business services provider’s stock valued at $1,038,000 after buying an additional 18,421 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

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.