Barrington Research Reiterates Hold Rating for Information Services Group (NASDAQ:III)

Information Services Group (NASDAQ:III)‘s stock had its “hold” rating reiterated by investment analysts at Barrington Research in a research report issued to clients and investors on Wednesday, AnalystRatings.com reports.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Information Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Noble Financial restated a “buy” rating and set a $5.25 target price on shares of Information Services Group in a research report on Thursday, August 8th. Finally, ValuEngine upgraded Information Services Group from a “sell” rating to a “hold” rating in a research report on Monday, August 26th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $4.75.

Information Services Group stock opened at $2.42 on Wednesday. Information Services Group has a 52 week low of $2.14 and a 52 week high of $5.07. The business has a 50-day simple moving average of $2.41 and a 200 day simple moving average of $2.81. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 1.14. The stock has a market cap of $112.30 million, a price-to-earnings ratio of 11.00, a PEG ratio of 0.99 and a beta of 0.37.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Capital Management LLC raised its position in Information Services Group by 23.9% during the 2nd quarter. Private Capital Management LLC now owns 5,662,301 shares of the business services provider’s stock valued at $17,893,000 after purchasing an additional 1,091,737 shares during the last quarter. Vanguard Group Inc. raised its position in Information Services Group by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,091,469 shares of the business services provider’s stock valued at $6,609,000 after purchasing an additional 72,601 shares during the last quarter. BlackRock Inc. raised its position in Information Services Group by 1.5% during the 2nd quarter. BlackRock Inc. now owns 1,702,695 shares of the business services provider’s stock valued at $5,381,000 after purchasing an additional 25,073 shares during the last quarter. Perritt Capital Management Inc. grew its holdings in shares of Information Services Group by 0.8% during the 2nd quarter. Perritt Capital Management Inc. now owns 501,541 shares of the business services provider’s stock worth $1,585,000 after acquiring an additional 4,000 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Information Services Group by 2.1% during the 2nd quarter. Northern Trust Corp now owns 395,052 shares of the business services provider’s stock worth $1,249,000 after acquiring an additional 7,959 shares during the period. 47.33% of the stock is owned by institutional investors.

About Information Services Group

Information Services Group, Inc engages in the provision of sourcing advisory services. It operaets through the following geographical segments: Americas, Europe, and Asia Pacific. The firm offers business advisory, human resources technology and delivery services, organizational change management and software advisory services to the aerospace, defence, automotive, banking, energy, healthcare and insurance industries.

Featured Story: Balance Sheet

Receive News & Ratings for Information Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Information Services Group and related companies with MarketBeat.com's FREE daily email newsletter.