Information Services Group (NASDAQ:III) Earns Hold (C+) Rating from Weiss Ratings

Information Services Group (NASDAQ:III)‘s stock had its “hold (c+)” rating reiterated by Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the stock. Barrington Research reissued an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a research note on Monday, October 27th. Wall Street Zen upgraded shares of Information Services Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Information Services Group currently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

Information Services Group Stock Performance

NASDAQ:III opened at $5.51 on Friday. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.63. Information Services Group has a fifty-two week low of $2.95 and a fifty-two week high of $6.01. The stock has a market cap of $265.55 million, a PE ratio of 36.74, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The firm’s fifty day simple moving average is $5.45 and its 200-day simple moving average is $4.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in III. GDS Wealth Management acquired a new position in Information Services Group during the third quarter valued at approximately $1,118,000. Strs Ohio acquired a new stake in shares of Information Services Group in the 3rd quarter valued at $591,000. Ritholtz Wealth Management lifted its position in Information Services Group by 87.2% during the 3rd quarter. Ritholtz Wealth Management now owns 319,509 shares of the business services provider’s stock worth $1,837,000 after buying an additional 148,827 shares in the last quarter. MGO One Seven LLC bought a new stake in shares of Information Services Group during the third quarter worth $225,000. Finally, SG Americas Securities LLC acquired a new position in Information Services Group during the 3rd quarter valued at about $60,000. 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.