Information Services Group, Inc. (III) Lifted to “Hold” at Zacks Investment Research
Information Services Group, Inc. (NASDAQ:III) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “INFORMATION SERVICES GROUP, INC. was founded to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory, data, business and media information services. ISG’s first acquisition – TPI, the world’s leading data and advisory firm in global sourcing – provides a solid platform upon which to build a prominent, high-growth information-based services company. Based in Stamford, Connecticut, ISG has a proven leadership team with global experience in information-based services and a track record of creating significant value for shareowners, clients and employees. ISG’s strategy is to acquire and grow dynamic, innovative businesses that provide must have information-based services to such sectors as consumer products, retailing, financial services, manufacturing, media, marketing, healthcare, legal, government, telecommunications and technology. “
Several other analysts also recently commented on III. B. Riley restated a “buy” rating and set a $6.50 price objective on shares of Information Services Group in a research report on Monday, December 5th. Noble Financial reiterated a “buy” rating on shares of Information Services Group in a report on Sunday, March 12th.
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Information Services Group (NASDAQ:III) traded down 1.85% during mid-day trading on Monday, reaching $3.18. 116,680 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $3.21 and its 200 day moving average price is $3.69. Information Services Group has a one year low of $3.02 and a one year high of $4.32. The firm’s market cap is $113.81 million.
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A number of hedge funds have recently made changes to their positions in the stock. Algert Global LLC bought a new stake in shares of Information Services Group during the third quarter worth about $207,000. Wells Fargo & Company MN increased its stake in shares of Information Services Group by 18.5% in the third quarter. Wells Fargo & Company MN now owns 96,007 shares of the company’s stock worth $383,000 after buying an additional 14,996 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Information Services Group by 351.8% in the third quarter. Acrospire Investment Management LLC now owns 34,243 shares of the company’s stock worth $137,000 after buying an additional 26,663 shares in the last quarter. Eagle Global Advisors LLC increased its stake in shares of Information Services Group by 56.8% in the third quarter. Eagle Global Advisors LLC now owns 42,033 shares of the company’s stock worth $168,000 after buying an additional 15,223 shares in the last quarter. Finally, Weber Alan W increased its stake in shares of Information Services Group by 0.5% in the third quarter. Weber Alan W now owns 1,036,050 shares of the company’s stock worth $4,134,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 57.19% of the company’s stock.
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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