Barrington Research Issues Positive Forecast for Information Services Group (NASDAQ:III) Stock Price

Information Services Group (NASDAQ:III) had its price objective increased by investment analysts at Barrington Research from $3.75 to $5.50 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 14.11% from the stock’s previous close.

Separately, StockNews.com raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 10th.

Information Services Group Stock Up 0.4%

III stock opened at $4.82 on Monday. Information Services Group has a twelve month low of $2.92 and a twelve month high of $4.89. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.69. The stock has a market cap of $232.59 million, a P/E ratio of -68.85, a PEG ratio of 1.34 and a beta of 1.08. The business’s 50-day moving average price is $3.74 and its 200-day moving average price is $3.45.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Information Services Group in the 4th quarter worth approximately $698,000. Private Capital Management LLC increased its stake in Information Services Group by 2.9% in the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider’s stock worth $18,422,000 after acquiring an additional 159,141 shares during the last quarter. Barclays PLC increased its stake in Information Services Group by 9.3% in the 4th quarter. Barclays PLC now owns 110,539 shares of the business services provider’s stock worth $369,000 after acquiring an additional 9,428 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Information Services Group by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 344,756 shares of the business services provider’s stock worth $1,151,000 after acquiring an additional 17,629 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Information Services Group by 40.5% in the 4th quarter. SG Americas Securities LLC now owns 20,752 shares of the business services provider’s stock worth $69,000 after acquiring an additional 5,983 shares during the last quarter. 73.10% of the stock is 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.