Renaissance Technologies LLC Raises Holdings in Information Services Group, Inc. (III)

Renaissance Technologies LLC grew its stake in shares of Information Services Group, Inc. (NASDAQ:III) by 7.9% in the 2nd quarter, Holdings Channel reports. The fund owned 2,074,719 shares of the business services provider’s stock after purchasing an additional 152,308 shares during the quarter. Renaissance Technologies LLC’s holdings in Information Services Group were worth $8,506,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC increased its holdings in shares of Information Services Group by 88.5% during the second quarter. Acadian Asset Management LLC now owns 49,892 shares of the business services provider’s stock worth $204,000 after purchasing an additional 23,430 shares during the period. ClariVest Asset Management LLC bought a new position in shares of Information Services Group during the second quarter worth approximately $191,000. Blair William & Co. IL increased its holdings in shares of Information Services Group by 1.5% during the first quarter. Blair William & Co. IL now owns 1,381,609 shares of the business services provider’s stock worth $5,775,000 after purchasing an additional 20,450 shares during the period. Martingale Asset Management L P bought a new position in shares of Information Services Group during the second quarter worth approximately $453,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Information Services Group by 33.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 86,512 shares of the business services provider’s stock worth $362,000 after purchasing an additional 21,900 shares during the period. Hedge funds and other institutional investors own 45.26% of the company’s stock.

III has been the topic of several recent research reports. TheStreet raised shares of Information Services Group from a “d+” rating to a “c-” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of Information Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Noble Financial reaffirmed a “buy” rating and set a $5.00 target price on shares of Information Services Group in a report on Tuesday, August 7th. ValuEngine raised shares of Information Services Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Finally, Barrington Research reaffirmed a “buy” rating and set a $6.00 target price on shares of Information Services Group in a report on Thursday, August 2nd. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $5.56.

Shares of NASDAQ:III opened at $4.42 on Monday. The company has a market capitalization of $215.59 million, a P/E ratio of 27.63, a PEG ratio of 1.44 and a beta of 0.10. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.31. Information Services Group, Inc. has a 1 year low of $3.83 and a 1 year high of $5.45.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Monday, August 6th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The business had revenue of $71.03 million for the quarter, compared to analysts’ expectations of $72.18 million. Information Services Group had a net margin of 0.47% and a return on equity of 13.57%. As a group, equities analysts predict that Information Services Group, Inc. will post 0.24 EPS for the current fiscal year.

Information Services Group Company Profile

Information Services Group, Inc 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.

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Institutional Ownership by Quarter for Information Services Group (NASDAQ:III)

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