Information Services Group (NASDAQ:III) Raised to “Strong-Buy” at StockNews.com

Information Services Group (NASDAQ:III) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

A number of other analysts also recently issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $3.75 price target on shares of Information Services Group in a report on Monday. Singular Research raised shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, November 14th.

Information Services Group Stock Performance

Shares of III stock traded down $0.06 during trading hours on Monday, hitting $3.24. The company’s stock had a trading volume of 143,950 shares, compared to its average volume of 102,391. The company has a 50 day moving average of $3.18 and a 200 day moving average of $3.28. The stock has a market cap of $158.99 million, a PE ratio of -46.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15. 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 has a 12-month low of $2.92 and a 12-month high of $4.29.

Hedge Funds Weigh In On Information Services Group

A number of large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Information Services Group by 28.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,041 shares of the business services provider’s stock valued at $47,000 after buying an additional 3,092 shares during the last quarter. Picton Mahoney Asset Management raised its position in shares of Information Services Group by 47.2% in the fourth quarter. Picton Mahoney Asset Management now owns 9,704 shares of the business services provider’s stock valued at $32,000 after buying an additional 3,110 shares during the last quarter. 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 buying an additional 4,080 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Information Services Group by 29.3% in the fourth quarter. Wells Fargo & Company MN now owns 20,915 shares of the business services provider’s stock valued at $70,000 after buying an additional 4,741 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Information Services Group by 195.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,710 shares of the business services provider’s stock valued at $26,000 after buying an additional 5,104 shares during the last quarter. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Information Services Group Company 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.