Information Services Group (NASDAQ:III) Rating Increased to Strong-Buy at Singular Research

Information Services Group (NASDAQ:III) was upgraded by research analysts at Singular Research from a “moderate buy” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Barrington Research upped their price target on Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a report on Monday, November 11th. StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Information Services Group Price Performance

III stock opened at $3.35 on Thursday. The company has a current ratio of 1.97, a quick ratio of 2.14 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $164.38 million, a PE ratio of -47.85, a P/E/G ratio of 2.72 and a beta of 0.96. Information Services Group has a 12-month low of $2.92 and a 12-month high of $4.98. The business’s fifty day moving average price is $3.20 and its 200 day moving average price is $3.22.

Insiders Place Their Bets

In other news, Director Kalpana Raina sold 18,795 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $3.39, for a total transaction of $63,715.05. Following the completion of the transaction, the director now directly owns 396,261 shares of the company’s stock, valued at approximately $1,343,324.79. This represents a 4.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in III. Brown Brothers Harriman & Co. boosted its position in shares of Information Services Group by 107.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock worth $1,665,000 after acquiring an additional 293,328 shares in the last quarter. Blair William & Co. IL boosted its position in shares of Information Services Group by 6.1% in the 1st quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock valued at $3,286,000 after purchasing an additional 46,799 shares during the period. Williams & Novak LLC acquired a new stake in shares of Information Services Group in the 2nd quarter valued at about $128,000. Equitable Trust Co. boosted its position in shares of Information Services Group by 28.3% in the 2nd quarter. Equitable Trust Co. now owns 165,957 shares of the business services provider’s stock valued at $488,000 after purchasing an additional 36,645 shares during the period. Finally, Barclays PLC boosted its position in shares of Information Services Group by 52.5% in the 3rd quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 34,816 shares during the period. 73.10% of the stock is 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.