Barrington Research Reiterates “Outperform” Rating for Information Services Group (NASDAQ:III)

Information Services Group (NASDAQ:III)‘s stock had its “outperform” rating reissued by Barrington Research in a report released on Thursday,Benzinga reports. They presently have a $5.50 price objective on the business services provider’s stock. Barrington Research’s target price suggests a potential upside of 34.15% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Information Services Group in a research report on Wednesday, January 28th. Wall Street Zen downgraded Information Services Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.50.

Information Services Group Stock Performance

Shares of III stock opened at $4.10 on Thursday. The company has a market capitalization of $195.45 million, a P/E ratio of 22.78, a P/E/G ratio of 0.89 and a beta of 1.09. The business’s 50 day moving average is $4.33 and its two-hundred day moving average is $5.19. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.63. Information Services Group has a 12-month low of $3.51 and a 12-month high of $6.45.

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

Hedge Funds Weigh In On Information Services Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its position in shares of Information Services Group by 33.6% in the fourth quarter. Invesco Ltd. now owns 54,301 shares of the business services provider’s stock valued at $314,000 after acquiring an additional 13,654 shares in the last quarter. Stokes Family Office LLC purchased a new position in shares of Information Services Group in the fourth quarter valued at approximately $91,000. Verdad Advisers LP purchased a new position in shares of Information Services Group in the fourth quarter valued at approximately $67,000. Millennium Management LLC purchased a new position in shares of Information Services Group in the fourth quarter valued at approximately $84,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Information Services Group in the fourth quarter valued at approximately $88,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

Information Services Group Company Profile

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.