Information Services Group (NASDAQ:III) Upgraded by StockNews.com to Buy Rating

Information Services Group (NASDAQ:III) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

A number of other equities research analysts have also recently issued reports on III. Singular Research raised shares of Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th. Barrington Research lifted their price target on shares of Information Services Group from $3.50 to $3.75 and gave the company an “outperform” rating in a research note on Monday.

Information Services Group Stock Performance

III traded down $0.04 during trading on Monday, reaching $3.31. 149,364 shares of the company’s stock were exchanged, compared to its average volume of 103,342. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $161.83 million, a P/E ratio of -47.28, a price-to-earnings-growth ratio of 2.72 and a beta of 0.96. The company’s fifty day simple moving average is $3.20 and its 200-day simple moving average is $3.22. Information Services Group has a 1 year low of $2.92 and a 1 year high of $4.98.

Institutional Trading of Information Services Group

A number of institutional investors and hedge funds have recently bought and sold shares of III. Blair William & Co. IL grew its position in shares of Information Services Group by 6.1% during the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock worth $3,286,000 after buying an additional 46,799 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Information Services Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock worth $8,760,000 after buying an additional 15,028 shares in the last quarter. Quadrature Capital Ltd grew its position in shares of Information Services Group by 88.0% during the first quarter. Quadrature Capital Ltd now owns 26,249 shares of the business services provider’s stock worth $106,000 after buying an additional 12,289 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Information Services Group during the first quarter worth about $45,000. Finally, EMC Capital Management grew its position in shares of Information Services Group by 277.3% during the first quarter. EMC Capital Management now owns 17,184 shares of the business services provider’s stock worth $69,000 after buying an additional 12,629 shares in the last quarter. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

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.