Information Services Group (NASDAQ:III) Upgraded at Wall Street Zen

Information Services Group (NASDAQ:III) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

III has been the topic of several other research reports. Barrington Research raised their price target on Information Services Group from $3.75 to $5.50 and gave the stock an “outperform” rating in a report on Monday, May 12th. Sidoti raised Information Services Group to a “hold” rating in a research note on Monday, May 12th.

Information Services Group Price Performance

Shares of III opened at $4.61 on Thursday. The firm has a market cap of $222.22 million, a price-to-earnings ratio of -65.85, a PEG ratio of 1.34 and a beta of 1.08. The stock has a 50 day moving average of $3.96 and a 200-day moving average of $3.54. 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 52 week low of $2.92 and a 52 week high of $5.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its holdings in shares of Information Services Group by 195.9% during 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 in the last quarter. Picton Mahoney Asset Management grew its holdings in shares of Information Services Group by 47.2% during 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 in the last quarter. Intech Investment Management LLC purchased a new position in shares of Information Services Group during the fourth quarter valued at $34,000. ProShare Advisors LLC acquired a new stake in Information Services Group during the fourth quarter valued at $34,000. Finally, Access Investment Management LLC boosted its position in Information Services Group by 183.8% during 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 last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

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.