Information Services Group, Inc. (NASDAQ:III) has earned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $6.00.
A number of brokerages have weighed in on III. Barrington Research set a $6.00 target price on Information Services Group and gave the stock a “buy” rating in a report on Wednesday. B. Riley reiterated a “buy” rating on shares of Information Services Group in a report on Tuesday. Finally, Zacks Investment Research downgraded Information Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Information Services Group by 76.8% during the second quarter. The Manufacturers Life Insurance Company now owns 27,849 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 12,098 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Information Services Group by 82.7% during the third quarter. Wells Fargo & Company MN now owns 31,916 shares of the business services provider’s stock worth $128,000 after buying an additional 14,444 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Information Services Group by 7,572.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 39,667 shares of the business services provider’s stock worth $165,000 after buying an additional 39,150 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Information Services Group during the second quarter worth $188,000. Finally, Teachers Advisors LLC grew its holdings in Information Services Group by 12.6% during the second quarter. Teachers Advisors LLC now owns 72,314 shares of the business services provider’s stock worth $297,000 after buying an additional 8,076 shares in the last quarter. Hedge funds and other institutional investors own 45.11% of the company’s stock.
Shares of Information Services Group (III) remained flat at $$4.35 during mid-day trading on Wednesday. The company had a trading volume of 25,110 shares, compared to its average volume of 30,784. The firm has a market capitalization of $190.09, a P/E ratio of -20.86, a P/E/G ratio of 1.42 and a beta of 0.42. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.89 and a quick ratio of 1.89. Information Services Group has a 1-year low of $2.95 and a 1-year high of $4.63.
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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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