Barrington Research set a $6.00 price objective on Information Services Group (NASDAQ:III) in a research report sent to investors on Wednesday, March 14th. The brokerage currently has a buy rating on the business services provider’s stock.
A number of other brokerages have also commented on III. Zacks Investment Research lowered Information Services Group from a hold rating to a sell rating in a report on Tuesday, January 9th. B. Riley reaffirmed a buy rating on shares of Information Services Group in a report on Tuesday, March 13th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $5.67.
Shares of NASDAQ III traded down $0.01 during mid-day trading on Wednesday, hitting $4.19. 73,941 shares of the company traded hands, compared to its average volume of 88,076. Information Services Group has a 1 year low of $3.00 and a 1 year high of $4.63. The company has a market cap of $183.49, a price-to-earnings ratio of 26.19, a P/E/G ratio of 1.44 and a beta of 0.18. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.56.
Information Services Group (NASDAQ:III) last posted its quarterly earnings results on Wednesday, March 14th. The business services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). Information Services Group had a positive return on equity of 9.66% and a negative net margin of 0.79%. The firm had revenue of $66.61 million for the quarter, compared to analysts’ expectations of $69.34 million. sell-side analysts expect that Information Services Group will post 0.23 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in III. Dimensional Fund Advisors LP bought a new stake in shares of Information Services Group in the 2nd quarter worth approximately $188,000. Deutsche Bank AG lifted its position in shares of Information Services Group by 146.9% in the 4th quarter. Deutsche Bank AG now owns 72,627 shares of the business services provider’s stock worth $301,000 after acquiring an additional 43,207 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Information Services Group by 7,572.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 39,667 shares of the business services provider’s stock worth $165,000 after acquiring an additional 39,150 shares during the period. State Street Corp lifted its position in shares of Information Services Group by 9.1% in the 2nd quarter. State Street Corp now owns 462,199 shares of the business services provider’s stock worth $1,899,000 after acquiring an additional 38,369 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Information Services Group by 1.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,903,811 shares of the business services provider’s stock worth $7,939,000 after acquiring an additional 31,200 shares during the period. Institutional investors own 44.82% of the company’s stock.
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About Information Services Group
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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