Information Services Group (NASDAQ:III)‘s stock had its “buy” rating reaffirmed by analysts at Barrington Research in a research note issued on Tuesday. They currently have a $6.00 price objective on the business services provider’s stock. Barrington Research’s price objective points to a potential upside of 42.18% from the company’s previous close.

The analysts wrote, “We believe ISG can generate a 200 basis-point increase in adjusted EBITDA margins over the next three to four years due to several margin levers. These include increasing (high margin) digital-related and recurring revenue in the revenue mix and increasing the contribution of (low cost) India-based employment in the labor mix. Capital allocation priorities: The company‚Äôs capital allocation priorities in descending order are; 1) pay down debt, 2) repurchase shares and 3) make tuck-in acquisitions. On the acquisition side, important priorities include companies with high levels of recurring revenue that can be sold to its existing client base. Examples include research subscription businesses and companies with expertise in digital technology.””

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A number of other equities research analysts have also recently commented on III. Zacks Investment Research cut Information Services Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 15th. Noble Financial restated a “buy” rating on shares of Information Services Group in a research report on Friday, March 16th. Finally, B. Riley restated a “buy” rating on shares of Information Services Group in a research report on Tuesday, March 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Information Services Group currently has a consensus rating of “Buy” and a consensus target price of $5.67.

Shares of NASDAQ:III traded up $0.02 during trading on Tuesday, reaching $4.22. 576 shares of the company’s stock traded hands, compared to its average volume of 53,942. Information Services Group has a fifty-two week low of $3.03 and a fifty-two week high of $4.63. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $182.18, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.43 and a beta of 0.18.

Information Services Group (NASDAQ:III) last posted its earnings results on Wednesday, March 14th. The business services provider reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). Information Services Group had a negative net margin of 0.79% and a positive return on equity of 9.66%. The business had revenue of $66.61 million for the quarter, compared to analyst estimates of $69.34 million. sell-side analysts expect that Information Services Group will post 0.23 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its holdings in 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 buying an additional 39,150 shares during the last quarter. Deutsche Bank AG boosted its holdings in 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 buying an additional 43,207 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in 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 buying an additional 31,200 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in Information Services Group by 10.9% in the 4th quarter. Wetherby Asset Management Inc. now owns 194,450 shares of the business services provider’s stock worth $811,000 after buying an additional 19,117 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Information Services Group by 1.1% in the 4th quarter. BlackRock Inc. now owns 1,480,303 shares of the business services provider’s stock worth $6,174,000 after buying an additional 15,544 shares during the last quarter. Hedge funds and other institutional investors own 44.82% of the company’s stock.

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Information Services Group Company Profile

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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