Thomson Horstmann & Bryant Inc. Acquires 132,490 Shares of Information Services Group, Inc. (III)

Thomson Horstmann & Bryant Inc. raised its stake in shares of Information Services Group, Inc. (NASDAQ:III) by 6.8% during the first quarter, Holdings Channel reports. The fund owned 2,077,887 shares of the business services provider’s stock after buying an additional 132,490 shares during the period. Thomson Horstmann & Bryant Inc. owned about 4.92% of Information Services Group worth $6,545,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in Information Services Group during the fourth quarter valued at approximately $5,023,000. FNY Partners Fund LP purchased a new stake in Information Services Group during the fourth quarter valued at approximately $686,000. State Street Corp raised its stake in Information Services Group by 37.0% in the fourth quarter. State Street Corp now owns 419,986 shares of the business services provider’s stock valued at $1,530,000 after buying an additional 113,356 shares during the period. Renaissance Technologies LLC raised its stake in Information Services Group by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,895,390 shares of the business services provider’s stock valued at $6,899,000 after buying an additional 78,179 shares during the period. Finally, Perritt Capital Management Inc. raised its stake in Information Services Group by 48.9% in the fourth quarter. Perritt Capital Management Inc. now owns 237,800 shares of the business services provider’s stock valued at $866,000 after buying an additional 78,100 shares during the period. 57.19% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Information Services Group (NASDAQ:III)

Shares of Information Services Group, Inc. (NASDAQ:III) traded down 0.32% during midday trading on Friday, hitting $3.11. 176,954 shares of the stock traded hands. Information Services Group, Inc. has a 52 week low of $2.95 and a 52 week high of $4.32. The firm’s market capitalization is $131.44 million. The company’s 50-day moving average is $3.12 and its 200 day moving average is $3.53.

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Several research firms have commented on III. B. Riley reiterated a “buy” rating and issued a $6.50 price objective on shares of Information Services Group in a research note on Tuesday, March 7th. Zacks Investment Research upgraded shares of Information Services Group from a “sell” rating to a “hold” rating in a research note on Monday, March 20th. Noble Financial reiterated a “buy” rating on shares of Information Services Group in a research note on Sunday, March 12th. Finally, TheStreet lowered shares of Information Services Group from a “c-” rating to a “d” rating in a research note on Friday, March 24th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $6.00.

Information Services Group Company Profile

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.

5 Day Chart for NASDAQ:III

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