Information Services Group (NASDAQ:III) Rating Reiterated by Barrington Research

Information Services Group (NASDAQ:III)‘s stock had its “outperform” rating reiterated by equities researchers at Barrington Research in a report issued on Friday, Benzinga reports. They presently have a $3.50 price objective on the business services provider’s stock. Barrington Research’s price target would suggest a potential upside of 11.11% from the company’s previous close.

Information Services Group Trading Up 0.3 %

Shares of NASDAQ III opened at $3.15 on Friday. The stock has a market cap of $153.31 million, a price-to-earnings ratio of -157.50, a PEG ratio of 1.19 and a beta of 0.95. The business has a 50 day simple moving average of $3.12 and a 200 day simple moving average of $3.81. Information Services Group has a 52 week low of $2.92 and a 52 week high of $5.49. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.23 and a current ratio of 2.23.

Information Services Group (NASDAQ:III) last announced its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). Information Services Group had a negative net margin of 0.26% and a positive return on equity of 7.81%. The firm had revenue of $64.27 million during the quarter, compared to the consensus estimate of $66.05 million. On average, research analysts predict that Information Services Group will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Information Services Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Capital Management LLC lifted its holdings in shares of Information Services Group by 1.7% during the fourth quarter. Private Capital Management LLC now owns 5,011,315 shares of the business services provider’s stock worth $23,603,000 after buying an additional 81,891 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Information Services Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock worth $8,760,000 after buying an additional 15,028 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Information Services Group by 6.1% during the first quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock worth $3,286,000 after buying an additional 46,799 shares during the last quarter. Equitable Trust Co. lifted its holdings in shares of Information Services Group by 14.7% during the fourth quarter. Equitable Trust Co. now owns 129,312 shares of the business services provider’s stock worth $609,000 after buying an additional 16,580 shares during the last quarter. Finally, Williams & Novak LLC acquired a new position in shares of Information Services Group during the second quarter worth approximately $128,000. 73.10% of the stock is currently owned by institutional investors and hedge funds.

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.