Unified Investment Management Acquires New Holdings in Information Services Group, Inc. (NASDAQ:III)

Unified Investment Management acquired a new stake in shares of Information Services Group, Inc. (NASDAQ:III) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 37,174 shares of the business services provider’s stock, valued at approximately $124,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in III. Private Capital Management LLC raised its position in shares of Information Services Group by 2.9% in the third quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider’s stock valued at $18,422,000 after purchasing an additional 159,141 shares during the period. Bank of New York Mellon Corp raised its position in shares of Information Services Group by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider’s stock valued at $1,151,000 after purchasing an additional 17,629 shares during the period. Access Investment Management LLC raised its position in shares of Information Services Group by 183.8% in the fourth quarter. Access Investment Management LLC now owns 10,515 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 6,810 shares during the period. EMC Capital Management raised its position in shares of Information Services Group by 67.0% in the fourth quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 6,896 shares during the period. Finally, Williams & Novak LLC raised its position in shares of Information Services Group by 10.3% in the fourth quarter. Williams & Novak LLC now owns 43,775 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 4,080 shares during the period. Institutional investors own 73.10% of the company’s stock.

Information Services Group Trading Down 3.8 %

Shares of Information Services Group stock opened at $3.01 on Tuesday. The company’s fifty day simple moving average is $3.20 and its 200-day simple moving average is $3.28. The company has a market cap of $147.71 million, a price-to-earnings ratio of -42.99, a PEG ratio of 1.34 and a beta of 1.00. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group, Inc. has a 1 year low of $2.92 and a 1 year high of $4.38.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Information Services Group from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Barrington Research raised 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 note on Monday, November 11th. Finally, Singular Research upgraded shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th.

Information Services Group Profile

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.