Information Services Group, Inc. (NASDAQ:III) Shares Purchased by Private Capital Management LLC

Private Capital Management LLC raised its position in Information Services Group, Inc. (NASDAQ:III) by 2.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,582,413 shares of the business services provider’s stock after buying an additional 159,141 shares during the quarter. Information Services Group comprises about 3.7% of Private Capital Management LLC’s holdings, making the stock its 18th largest position. Private Capital Management LLC owned approximately 11.38% of Information Services Group worth $18,422,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of III. Equitable Trust Co. boosted its holdings in shares of Information Services Group by 4.5% in the third quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock valued at $572,000 after acquiring an additional 7,515 shares in the last quarter. GSA Capital Partners LLP lifted its position in Information Services Group by 30.7% in the third quarter. GSA Capital Partners LLP now owns 110,895 shares of the business services provider’s stock valued at $366,000 after purchasing an additional 26,019 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Information Services Group in the 3rd quarter valued at approximately $60,000. State Street Corp increased its position in Information Services Group by 3.2% during the 3rd quarter. State Street Corp now owns 578,220 shares of the business services provider’s stock worth $1,934,000 after purchasing an additional 17,796 shares during the period. Finally, Barclays PLC raised its stake in shares of Information Services Group by 52.5% during the 3rd quarter. Barclays PLC now owns 101,111 shares of the business services provider’s stock worth $334,000 after buying an additional 34,816 shares in the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

III has been the topic of a number of analyst reports. StockNews.com upgraded Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Singular Research upgraded shares of Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, November 14th. Finally, Barrington Research upped their price target on shares of Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research note on Monday, November 11th.

Information Services Group Price Performance

III stock opened at $3.07 on Friday. The firm has a 50 day moving average of $3.21 and a 200-day moving average of $3.28. The company has a market cap of $150.65 million, a price-to-earnings ratio of -43.85, a PEG ratio of 1.34 and a beta of 1.00. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.69. Information Services Group, Inc. has a 12-month low of $2.92 and a 12-month high of $4.40.

Information Services Group 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.