Information Services Group (NASDAQ:III) Stock Rating Upgraded by Wall Street Zen

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

Other research analysts have also issued research reports about the company. Weiss Ratings restated a “hold (c+)” rating on shares of Information Services Group in a report on Wednesday, January 28th. Barrington Research restated an “outperform” rating and issued a $5.50 price objective on shares of Information Services Group in a report on Thursday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.50.

Information Services Group Stock Performance

Shares of III stock opened at $4.28 on Friday. The stock’s fifty day moving average is $4.29 and its two-hundred day moving average is $5.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.34 and a current ratio of 2.34. The firm has a market capitalization of $204.03 million, a P/E ratio of 23.78, a PEG ratio of 0.93 and a beta of 1.09. Information Services Group has a fifty-two week low of $3.51 and a fifty-two week high of $6.45.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Thursday, March 5th. The business services provider reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $61.21 million for the quarter, compared to analyst estimates of $61.11 million. Information Services Group had a return on equity of 11.49% and a net margin of 3.82%. Research analysts expect that Information Services Group will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in shares of Information Services Group by 65.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock worth $54,000 after acquiring an additional 3,739 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Information Services Group by 250.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock worth $48,000 after acquiring an additional 7,177 shares during the period. SG Americas Securities LLC purchased a new position in shares of Information Services Group during the 3rd quarter worth $60,000. American Century Companies Inc. purchased a new position in shares of Information Services Group during the 2nd quarter worth $53,000. Finally, Verdad Advisers LP purchased a new position in shares of Information Services Group during the 4th quarter worth $67,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

About Information Services Group

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.