Information Services Group (NASDAQ:III) Upgraded to Hold at Sidoti

Information Services Group (NASDAQ:III) was upgraded by stock analysts at Sidoti to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently weighed in on III. Barrington Research lifted their price objective on Information Services Group from $3.75 to $5.50 and gave the company an “outperform” rating in a research report on Monday. StockNews.com cut Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Monday.

Information Services Group Stock Performance

Information Services Group stock opened at $4.95 on Monday. The stock’s 50 day simple moving average is $3.77 and its two-hundred day simple moving average is $3.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.97 and a current ratio of 1.97. The stock has a market cap of $238.86 million, a price-to-earnings ratio of -70.70, a PEG ratio of 1.34 and a beta of 1.08. Information Services Group has a fifty-two week low of $2.92 and a fifty-two week high of $4.98.

Hedge Funds Weigh In On Information Services Group

A number of hedge funds have recently added to or reduced their stakes in III. Raymond James Financial Inc. purchased a new position in Information Services Group in the 4th quarter worth approximately $698,000. Private Capital Management LLC raised its stake in Information Services Group by 2.9% during the 3rd quarter. Private Capital Management LLC now owns 5,582,413 shares of the business services provider’s stock valued at $18,422,000 after buying an additional 159,141 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Information Services Group by 11,468.6% during the 4th 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. Mackenzie Financial Corp increased its stake in shares of Information Services Group by 396.6% in the 1st quarter. Mackenzie Financial Corp now owns 98,124 shares of the business services provider’s stock worth $384,000 after purchasing an additional 78,364 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Information Services Group in the 1st quarter worth $267,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.

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.