Information Services Group, Inc. (III) Given Average Rating of “Buy” by Brokerages

Information Services Group, Inc. (NASDAQ:III) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $5.25.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Information Services Group from a “hold” rating to a “strong-buy” rating and set a $4.75 price target on the stock in a research report on Thursday, November 15th. Barrington Research set a $6.00 target price on Information Services Group and gave the stock a “buy” rating in a research report on Tuesday, November 13th. ValuEngine cut Information Services Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 10th. Finally, Noble Financial set a $5.00 target price on Information Services Group and gave the stock a “buy” rating in a research report on Monday, November 12th.

III stock traded down $0.03 during trading on Wednesday, hitting $4.18. The company had a trading volume of 475 shares, compared to its average volume of 44,038. The stock has a market capitalization of $189.78 million, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.22 and a beta of 0.24. Information Services Group has a 1-year low of $3.83 and a 1-year high of $5.45. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.19.

Information Services Group (NASDAQ:III) last issued its quarterly earnings results on Thursday, November 8th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The firm had revenue of $67.97 million for the quarter, compared to analysts’ expectations of $71.90 million. Information Services Group had a return on equity of 14.92% and a net margin of 1.41%. Analysts expect that Information Services Group will post 0.27 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in shares of Information Services Group by 13.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 107,614 shares of the business services provider’s stock worth $441,000 after acquiring an additional 12,752 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Information Services Group by 18.3% during the 2nd quarter. BlackRock Inc. now owns 1,731,099 shares of the business services provider’s stock worth $7,097,000 after acquiring an additional 267,872 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Information Services Group by 375.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 239,680 shares of the business services provider’s stock worth $983,000 after acquiring an additional 189,311 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Information Services Group by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,074,719 shares of the business services provider’s stock worth $8,506,000 after acquiring an additional 152,308 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in shares of Information Services Group by 1,530.7% during the 2nd quarter. Macquarie Group Ltd. now owns 96,358 shares of the business services provider’s stock worth $395,000 after acquiring an additional 90,449 shares in the last quarter. Institutional investors own 50.84% of the company’s stock.

About Information Services Group

Information Services Group, Inc 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.

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