Barrington Research Analysts Give Information Services Group (III) a $6.00 Price Target

Information Services Group (NASDAQ:III) received a $6.00 target price from equities researchers at Barrington Research in a report issued on Wednesday. The brokerage presently has a “buy” rating on the business services provider’s stock. Barrington Research’s target price suggests a potential upside of 43.54% from the stock’s current price.

A number of other research analysts have also recently weighed in on III. Zacks Investment Research cut Information Services Group from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. Noble Financial reiterated a “buy” rating and issued a $5.00 target price on shares of Information Services Group in a report on Tuesday, August 7th. TheStreet upgraded Information Services Group from a “d+” rating to a “c-” rating in a report on Tuesday, September 4th. Finally, ValuEngine upgraded Information Services Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $5.56.

III stock opened at $4.18 on Wednesday. Information Services Group has a 52-week low of $3.83 and a 52-week high of $5.45. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.16 and a current ratio of 2.16. The firm has a market cap of $184.92 million, a PE ratio of 26.13, a price-to-earnings-growth ratio of 1.24 and a beta of 0.10.

Information Services Group (NASDAQ:III) last posted its quarterly earnings data on Monday, August 6th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Information Services Group had a return on equity of 13.57% and a net margin of 0.47%. The business had revenue of $71.03 million for the quarter, compared to analysts’ expectations of $72.18 million. As a group, equities research analysts predict that Information Services Group will post 0.24 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Private Capital Management LLC boosted its holdings in Information Services Group by 32.3% in the second quarter. Private Capital Management LLC now owns 3,281,644 shares of the business services provider’s stock valued at $13,455,000 after acquiring an additional 801,260 shares during the last quarter. Renaissance Technologies LLC raised its position in Information Services Group by 7.9% in the second quarter. Renaissance Technologies LLC now owns 2,074,719 shares of the business services provider’s stock valued at $8,506,000 after purchasing an additional 152,308 shares during the period. BlackRock Inc. raised its position in Information Services Group by 18.3% in the second quarter. BlackRock Inc. now owns 1,731,099 shares of the business services provider’s stock valued at $7,097,000 after purchasing an additional 267,872 shares during the period. Dimensional Fund Advisors LP raised its position in Information Services Group by 375.8% in the second quarter. Dimensional Fund Advisors LP now owns 239,680 shares of the business services provider’s stock valued at $983,000 after purchasing an additional 189,311 shares during the period. Finally, Millennium Management LLC raised its position in Information Services Group by 97.9% in the second quarter. Millennium Management LLC now owns 165,795 shares of the business services provider’s stock valued at $680,000 after purchasing an additional 82,031 shares during the period. Hedge funds and other institutional investors own 45.26% of the company’s stock.

About Information Services Group

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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