Analysts Set Information Services Group, Inc. (III) Price Target at $6.00

Shares of Information Services Group, Inc. (NASDAQ:III) have been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.00.

A number of brokerages have recently commented on III. Zacks Investment Research cut shares of Information Services Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Barrington Research set a $6.00 target price on shares of Information Services Group and gave the company a “buy” rating in a research report on Wednesday. Finally, B. Riley reiterated a “buy” rating on shares of Information Services Group in a research report on Tuesday.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Information Services Group by 1.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,903,811 shares of the business services provider’s stock worth $7,939,000 after purchasing an additional 31,200 shares during the last quarter. Vanguard Group Inc. increased its position in Information Services Group by 0.3% during the second quarter. Vanguard Group Inc. now owns 1,743,298 shares of the business services provider’s stock worth $7,165,000 after purchasing an additional 5,181 shares during the last quarter. Thomson Horstmann & Bryant Inc. increased its position in Information Services Group by 1.4% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 1,721,466 shares of the business services provider’s stock worth $7,178,000 after purchasing an additional 24,007 shares during the last quarter. BlackRock Inc. increased its position in Information Services Group by 1.1% during the fourth quarter. BlackRock Inc. now owns 1,480,303 shares of the business services provider’s stock worth $6,174,000 after purchasing an additional 15,544 shares during the last quarter. Finally, State Street Corp increased its position in Information Services Group by 9.1% during the second quarter. State Street Corp now owns 462,199 shares of the business services provider’s stock worth $1,899,000 after purchasing an additional 38,369 shares during the last quarter. Hedge funds and other institutional investors own 45.11% of the company’s stock.

Shares of Information Services Group (III) traded down $0.01 during midday trading on Wednesday, hitting $4.24. 215,028 shares of the stock were exchanged, compared to its average volume of 34,591. The firm has a market capitalization of $184.45, a PE ratio of -84.80, a price-to-earnings-growth ratio of 1.36 and a beta of 0.42. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.89 and a quick ratio of 1.89. Information Services Group has a 1-year low of $2.95 and a 1-year high of $4.63.

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About Information Services Group

Information Services Group, Inc is a technology insights, market intelligence and advisory services company. The Company operates in the segment of fact-based sourcing advisory services. It supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services with a focus on information technology, business process transformation, program management services and enterprise resource planning.

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