Barrington Research Reaffirms “Outperform” Rating for Information Services Group (NASDAQ:III)

Information Services Group (NASDAQ:III)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a research note issued on Thursday, Benzinga reports. They presently have a $3.50 price target on the business services provider’s stock. Barrington Research’s price objective would indicate a potential upside of 8.02% from the company’s current price.

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

Information Services Group Trading Up 1.6 %

Information Services Group stock traded up $0.05 during trading on Thursday, hitting $3.24. The company’s stock had a trading volume of 8,331 shares, compared to its average volume of 105,035. The stock has a market capitalization of $157.67 million, a price-to-earnings ratio of -162.00, a P/E/G ratio of 2.10 and a beta of 0.95. The stock’s fifty day moving average is $3.30 and its 200 day moving average is $3.36. Information Services Group has a 1-year low of $2.92 and a 1-year high of $4.98. 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 posted its earnings results on Monday, August 5th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $64.26 million during the quarter, compared to analyst estimates of $65.51 million. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. As a group, equities research analysts predict that Information Services Group will post 0.1 EPS for the current year.

Hedge Funds Weigh In On Information Services Group

Several institutional investors have recently bought and sold shares of III. The Manufacturers Life Insurance Company bought a new position in shares of Information Services Group in the second quarter worth about $35,000. AQR Capital Management LLC acquired a new stake in Information Services Group during the second quarter valued at approximately $57,000. Hsbc Holdings PLC boosted its holdings in Information Services Group by 13.1% during the second quarter. Hsbc Holdings PLC now owns 43,746 shares of the business services provider’s stock valued at $135,000 after purchasing an additional 5,074 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Information Services Group by 1.4% in the 2nd quarter. Blair William & Co. IL now owns 824,499 shares of the business services provider’s stock worth $2,424,000 after acquiring an additional 11,056 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Information Services Group by 107.4% in 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. 73.10% of the stock is currently owned by institutional investors.

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.