Information Services Group, Inc. (NASDAQ:III) Shares Acquired by Access Investment Management LLC

Access Investment Management LLC lifted its holdings in shares of Information Services Group, Inc. (NASDAQ:III) by 183.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,515 shares of the business services provider’s stock after purchasing an additional 6,810 shares during the period. Access Investment Management LLC’s holdings in Information Services Group were worth $35,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of III. SG Americas Securities LLC purchased a new position in Information Services Group in the 3rd quarter valued at about $49,000. 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 buying an additional 6,896 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Information Services Group during the third quarter valued at approximately $60,000. Williams & Novak LLC boosted its position in Information Services Group by 10.3% during the fourth quarter. Williams & Novak LLC now owns 43,775 shares of the business services provider’s stock worth $146,000 after acquiring an additional 4,080 shares during the last quarter. Finally, Barclays PLC grew its stake in Information Services Group by 52.5% in the 3rd quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock worth $334,000 after acquiring an additional 34,816 shares during the period. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Information Services Group Stock Performance

NASDAQ:III opened at $3.06 on Friday. Information Services Group, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $4.40. The firm’s 50 day moving average is $3.24 and its two-hundred day moving average is $3.29. The company has a market cap of $150.15 million, a P/E ratio of -43.71, a P/E/G ratio of 1.34 and a beta of 1.00. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on III. StockNews.com raised Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Barrington Research raised their price target on 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 Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a report 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.