Information Services Group (NASDAQ:III)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a report issued on Tuesday.
Separately, Zacks Investment Research downgraded shares of Information Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Information Services Group currently has an average rating of “Hold” and an average price target of $5.50.
Shares of Information Services Group (NASDAQ III) opened at $4.35 on Tuesday. Information Services Group has a 52-week low of $2.95 and a 52-week high of $4.63. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.89 and a quick ratio of 1.89. The stock has a market cap of $190.09, a PE ratio of -20.71, a price-to-earnings-growth ratio of 1.42 and a beta of 0.42.
Several institutional investors have recently added to or reduced their stakes in III. Dimensional Fund Advisors LP bought a new position in shares of Information Services Group during the 2nd quarter valued at approximately $188,000. Deutsche Bank AG grew its position in shares of Information Services Group by 146.9% during the 4th quarter. Deutsche Bank AG now owns 72,627 shares of the business services provider’s stock valued at $301,000 after acquiring an additional 43,207 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Information Services Group by 7,572.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 39,667 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 39,150 shares during the period. State Street Corp grew its position in shares of Information Services Group by 9.1% during the 2nd quarter. State Street Corp now owns 462,199 shares of the business services provider’s stock valued at $1,899,000 after acquiring an additional 38,369 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Information Services Group by 1.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,903,811 shares of the business services provider’s stock valued at $7,939,000 after acquiring an additional 31,200 shares during the period. 45.11% of the stock is owned by hedge funds and other institutional investors.
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About Information Services Group
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.
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