Information Services Group (NASDAQ:III) Raised to Strong-Buy at Wall Street Zen

Information Services Group (NASDAQ:III) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

III has been the subject of a number of other research reports. Barrington Research reaffirmed an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a research note on Friday, July 18th. Sidoti raised Information Services Group to a “hold” rating in a research note on Monday, May 12th.

Information Services Group Stock Performance

Shares of III opened at $4.44 on Friday. The stock has a market cap of $213.96 million, a price-to-earnings ratio of 29.60, a PEG ratio of 1.28 and a beta of 1.23. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.63. The business has a 50-day simple moving average of $4.68 and a two-hundred day simple moving average of $4.04. Information Services Group has a 52 week low of $2.95 and a 52 week high of $5.28.

Hedge Funds Weigh In On Information Services Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in III. Wells Fargo & Company MN boosted its stake in Information Services Group by 29.3% during the fourth quarter. Wells Fargo & Company MN now owns 20,915 shares of the business services provider’s stock valued at $70,000 after buying an additional 4,741 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Information Services Group by 11,468.6% during the fourth quarter. Russell Investments Group Ltd. now owns 115,686 shares of the business services provider’s stock valued at $386,000 after buying an additional 114,686 shares during the last quarter. Raymond James Financial Inc. bought a new position in Information Services Group during the fourth quarter valued at approximately $698,000. Barclays PLC boosted its stake in Information Services Group by 9.3% during the fourth quarter. Barclays PLC now owns 110,539 shares of the business services provider’s stock valued at $369,000 after buying an additional 9,428 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Information Services Group during the fourth quarter valued at approximately $50,000. 73.10% of the stock is 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.