Information Services Group (NASDAQ:III) Stock Rating Upgraded by StockNews.com

Information Services Group (NASDAQ:III) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.

III has been the subject of a number of other research reports. Barrington Research reiterated an “outperform” rating and set a $3.75 price objective on shares of Information Services Group in a research note on Monday. Singular Research upgraded Information Services Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, November 14th.

Information Services Group Stock Performance

Shares of III opened at $3.36 on Monday. The stock has a 50-day moving average of $3.18 and a two-hundred day moving average of $3.28. Information Services Group has a one year low of $2.92 and a one year high of $4.22. 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 $164.88 million, a P/E ratio of -47.99, a P/E/G ratio of 1.34 and a beta of 1.15.

Hedge Funds Weigh In On Information Services Group

Several institutional investors and hedge funds have recently modified their holdings of III. Two Sigma Investments LP boosted its holdings in Information Services Group by 27.0% in the 4th quarter. Two Sigma Investments LP now owns 131,101 shares of the business services provider’s stock worth $438,000 after buying an additional 27,907 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Information Services Group by 46.2% in the 4th quarter. Two Sigma Advisers LP now owns 157,900 shares of the business services provider’s stock worth $527,000 after buying an additional 49,900 shares during the last quarter. ProShare Advisors LLC acquired a new stake in Information Services Group in the 4th quarter worth about $34,000. Bridgeway Capital Management LLC boosted its holdings in Information Services Group by 18.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 139,430 shares of the business services provider’s stock worth $466,000 after buying an additional 21,500 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Information Services Group by 10.2% during the 4th quarter. Bank of America Corp DE now owns 116,000 shares of the business services provider’s stock worth $387,000 after purchasing an additional 10,729 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

About Information Services Group

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.