Information Services Group (NASDAQ:III) Price Target Cut to $5.50 by Analysts at Barrington Research

Information Services Group (NASDAQ:III) had its price objective dropped by research analysts at Barrington Research from $7.00 to $5.50 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price target suggests a potential upside of 29.38% from the company’s current price.

A number of other equities research analysts also recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Information Services Group in a research report on Wednesday, January 28th. Wall Street Zen raised shares of Information Services Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.50.

Information Services Group Stock Down 6.2%

III stock traded down $0.28 during mid-day trading on Monday, reaching $4.25. The company had a trading volume of 371,407 shares, compared to its average volume of 319,499. The firm has a fifty day simple moving average of $5.34 and a 200 day simple moving average of $5.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.22 and a current ratio of 2.22. The company has a market capitalization of $203.54 million, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 0.92 and a beta of 1.07. Information Services Group has a fifty-two week low of $3.17 and a fifty-two week high of $6.45.

Information Services Group (NASDAQ:III) last announced its quarterly earnings data on Thursday, March 5th. The business services provider reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $61.21 million during the quarter, compared to the consensus estimate of $61.11 million. Information Services Group had a return on equity of 11.50% and a net margin of 3.82%. Analysts forecast that Information Services Group will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Information Services Group

Several institutional investors have recently modified their holdings of III. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Information Services Group in the 2nd quarter valued at $39,000. BNP Paribas Financial Markets lifted its position in Information Services Group by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 9,427 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 3,739 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Information Services Group by 250.1% in the second quarter. Tower Research Capital LLC TRC now owns 10,047 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 7,177 shares in the last quarter. SG Americas Securities LLC acquired a new position in Information Services Group in the third quarter valued at $60,000. Finally, American Century Companies Inc. purchased a new position in shares of Information Services Group during the second quarter worth about $53,000. Hedge funds and other institutional investors own 73.10% of the company’s stock.

About Information Services Group

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.