Barrington Research Raises Information Services Group (NASDAQ:III) Price Target to $3.75

Information Services Group (NASDAQ:III) had its target price lifted by Barrington Research from $3.50 to $3.75 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price target would indicate a potential upside of 11.28% from the stock’s current price.

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

Information Services Group Stock Up 1.8 %

III stock opened at $3.37 on Monday. The company has a market cap of $164.76 million, a price-to-earnings ratio of -47.28, a P/E/G ratio of 2.72 and a beta of 0.96. Information Services Group has a twelve month low of $2.92 and a twelve month high of $4.98. The business has a 50 day moving average price of $3.20 and a two-hundred day moving average price of $3.22. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.78.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. ClariVest Asset Management LLC lifted its position in Information Services Group by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 119,408 shares of the business services provider’s stock worth $351,000 after acquiring an additional 3,345 shares during the last quarter. Rhumbline Advisers lifted its holdings in Information Services Group by 7.6% during the 2nd quarter. Rhumbline Advisers now owns 57,734 shares of the business services provider’s stock worth $170,000 after purchasing an additional 4,075 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Information Services Group by 13.1% in the 2nd 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 during the period. Equitable Trust Co. grew its holdings in Information Services Group by 4.5% in the 3rd quarter. Equitable Trust Co. now owns 173,472 shares of the business services provider’s stock valued at $572,000 after buying an additional 7,515 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new position in Information Services Group during the 3rd quarter worth $32,000. 73.10% of the stock is 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.