Information Services Group’s (III) “Outperform” Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Information Services Group (NASDAQ:III) in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a $3.50 target price on the business services provider’s stock.

Separately, Singular Research upgraded shares of Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th.

Information Services Group Trading Up 0.3 %

NASDAQ III opened at $3.08 on Wednesday. Information Services Group has a one year low of $2.92 and a one year high of $4.98. The firm has a 50 day simple moving average of $3.22 and a 200-day simple moving average of $3.24. The firm has a market cap of $150.59 million, a price-to-earnings ratio of -102.67, a PEG ratio of 2.55 and a beta of 0.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.14 and a current ratio of 2.14.

Information Services Group (NASDAQ:III) last released its earnings results on Monday, August 5th. The business services provider reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. The firm had revenue of $64.26 million during the quarter, compared to analysts’ expectations of $65.51 million. Equities research analysts anticipate that Information Services Group will post 0.09 EPS for the current fiscal year.

Institutional Trading of Information Services Group

Several hedge funds have recently modified their holdings of III. CHICAGO TRUST Co NA purchased a new position in Information Services Group in the second quarter valued at about $30,000. Arkadios Wealth Advisors acquired a new position in Information Services Group during the second quarter worth $32,000. Copeland Capital Management LLC acquired a new position in Information Services Group during the third quarter worth $32,000. The Manufacturers Life Insurance Company purchased a new stake in Information Services Group during the second quarter worth $35,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Information Services Group in the first quarter valued at $45,000. 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.