Shares of Information Services Group, Inc. (NASDAQ:III) have been given an average rating of “Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $5.25.

Several equities analysts have recently weighed in on III shares. Barrington Research set a $6.00 target price on shares of Information Services Group and gave the company a “buy” rating in a report on Tuesday, November 13th. Noble Financial set a $5.00 price target on shares of Information Services Group and gave the stock a “buy” rating in a report on Monday, November 12th. ValuEngine lowered shares of Information Services Group from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. Finally, Zacks Investment Research lowered shares of Information Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th.

NASDAQ:III opened at $4.21 on Wednesday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.19. The company has a market cap of $189.78 million, a PE ratio of 26.31, a PEG ratio of 1.22 and a beta of 0.24. Information Services Group has a 1-year low of $3.83 and a 1-year high of $5.45.

Information Services Group (NASDAQ:III) last posted its earnings results on Thursday, November 8th. The business services provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. The firm had revenue of $67.97 million during the quarter, compared to analyst estimates of $71.90 million. Information Services Group had a net margin of 1.41% and a return on equity of 14.92%. Analysts expect that Information Services Group will post 0.27 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in Information Services Group by 865.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,237 shares of the business services provider’s stock worth $336,000 after acquiring an additional 62,961 shares in the last quarter. Algert Global LLC purchased a new stake in Information Services Group in the 3rd quarter worth $340,000. Acadian Asset Management LLC increased its holdings in Information Services Group by 68.9% in the 3rd quarter. Acadian Asset Management LLC now owns 84,265 shares of the business services provider’s stock worth $403,000 after acquiring an additional 34,373 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Information Services Group by 1,530.7% in the 2nd quarter. Macquarie Group Ltd. now owns 96,358 shares of the business services provider’s stock worth $395,000 after acquiring an additional 90,449 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Information Services Group by 13.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 107,614 shares of the business services provider’s stock worth $441,000 after acquiring an additional 12,752 shares in the last quarter. 50.84% of the stock is owned by institutional investors.

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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