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

Information Services Group (NASDAQ:III)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a research note issued on Wednesday, Benzinga reports. They presently have a $3.50 price objective on the business services provider’s stock. Barrington Research’s target price indicates a potential upside of 9.03% from the company’s current price.

Information Services Group Stock Performance

NASDAQ:III traded up $0.04 during mid-day trading on Wednesday, reaching $3.21. 6,884 shares of the stock were exchanged, compared to its average volume of 110,328. The company has a 50 day simple moving average of $3.20 and a 200-day simple moving average of $3.67. The stock has a market capitalization of $156.23 million, a P/E ratio of -160.50, a P/E/G ratio of 1.46 and a beta of 0.95. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.78. Information Services Group has a 1 year low of $2.92 and a 1 year high of $5.36.

Information Services Group (NASDAQ:III) last released its quarterly earnings results on Thursday, May 9th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). The firm had revenue of $64.27 million for the quarter, compared to analysts’ expectations of $66.05 million. Information Services Group had a positive return on equity of 7.81% and a negative net margin of 0.26%. Analysts anticipate that Information Services Group will post 0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Private Capital Management LLC lifted its holdings in shares of Information Services Group by 1.7% in the 4th quarter. Private Capital Management LLC now owns 5,011,315 shares of the business services provider’s stock valued at $23,603,000 after buying an additional 81,891 shares during the period. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 15,028 shares during the last quarter. Blair William & Co. IL raised its holdings in 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 purchasing an additional 46,799 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Information Services Group by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 353,188 shares of the business services provider’s stock worth $1,038,000 after purchasing an additional 18,421 shares during the last quarter. Finally, Equitable Trust Co. raised its holdings in Information Services Group by 28.3% during the second quarter. Equitable Trust Co. now owns 165,957 shares of the business services provider’s stock worth $488,000 after purchasing an additional 36,645 shares during the last quarter. 73.10% of the stock is currently 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.