Brokerages Set Information Services Group, Inc. (III) PT at $5.25

Information Services Group, Inc. (NASDAQ:III) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $5.25.

III has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Information Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 10th. Barrington Research set a $6.00 price target on shares of Information Services Group and gave the company a “buy” rating in a report on Wednesday, October 31st. ValuEngine cut shares of Information Services Group from a “buy” rating to a “hold” rating in a report on Saturday, November 10th. Finally, Noble Financial set a $5.00 price target on shares of Information Services Group and gave the company a “buy” rating in a report on Monday, November 12th.

NASDAQ III opened at $4.21 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 1.19. The stock has a market cap of $189.78 million, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 1.22 and a beta of 0.24. Information Services Group has a one year low of $3.83 and a one 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 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $67.97 million for the quarter, compared to the consensus estimate of $71.90 million. Information Services Group had a net margin of 1.41% and a return on equity of 14.92%. On average, equities research analysts expect that Information Services Group will post 0.27 EPS for the current year.

Several large investors have recently added to or reduced their stakes in III. JPMorgan Chase & Co. boosted its holdings in shares of 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 valued at $336,000 after buying an additional 62,961 shares in the last quarter. Algert Global LLC acquired a new stake in Information Services Group in the 3rd quarter worth approximately $340,000. Macquarie Group Ltd. boosted its stake 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 purchasing an additional 90,449 shares in the last quarter. Acadian Asset Management LLC boosted its stake 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 purchasing an additional 34,373 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 purchasing an additional 12,752 shares in the last quarter. Institutional investors and hedge funds own 50.84% 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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