Barrington Research set a $6.00 price target on Information Services Group (NASDAQ:III) in a report released on Tuesday. The brokerage currently has a buy rating on the business services provider’s stock.
III has been the subject of several other research reports. Noble Financial reissued a buy rating on shares of Information Services Group in a report on Friday, March 16th. Zacks Investment Research downgraded Information Services Group from a hold rating to a sell rating in a report on Tuesday, January 9th. Finally, B. Riley reissued a buy rating on shares of Information Services Group in a report on Tuesday, March 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $5.67.
Shares of Information Services Group (III) opened at $4.12 on Tuesday. The company has a market capitalization of $185.23, a P/E ratio of -82.40, a PEG ratio of 1.36 and a beta of 0.42. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.58. Information Services Group has a twelve month low of $2.95 and a twelve month high of $4.63.
A number of institutional investors have recently made changes to their positions in III. Northern Trust Corp lifted its holdings in Information Services Group by 5.4% during the 2nd quarter. Northern Trust Corp now owns 381,784 shares of the business services provider’s stock valued at $1,569,000 after purchasing an additional 19,660 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Information Services Group by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,743,298 shares of the business services provider’s stock valued at $7,165,000 after purchasing an additional 5,181 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Information Services Group during the 2nd quarter valued at $188,000. State Street Corp lifted its holdings in Information Services Group by 9.1% during the 2nd quarter. State Street Corp now owns 462,199 shares of the business services provider’s stock valued at $1,899,000 after purchasing an additional 38,369 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Information Services Group by 76.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,849 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 12,098 shares during the last quarter. 45.11% of the stock is owned by institutional investors and hedge funds.
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Information Services Group Company Profile
Information Services Group, Inc is a technology insights, market intelligence and advisory services company. The Company operates in the segment of fact-based sourcing advisory services. It supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services with a focus on information technology, business process transformation, program management services and enterprise resource planning.
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