Information Services Group (NASDAQ:III) Upgraded at Wall Street Zen

Information Services Group (NASDAQ:III) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other equities research analysts have also issued reports on the stock. Barrington Research lifted their price target on shares of Information Services Group from $5.50 to $7.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Information Services Group in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.00.

Information Services Group Price Performance

Information Services Group stock opened at $5.92 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.22 and a current ratio of 2.22. Information Services Group has a 52 week low of $2.95 and a 52 week high of $6.45. The stock has a market capitalization of $283.45 million, a P/E ratio of 31.16, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. The stock has a fifty day moving average of $5.57 and a 200-day moving average of $5.18.

Information Services Group (NASDAQ:III) last released its quarterly earnings data on Monday, November 3rd. The business services provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $62.36 million for the quarter, compared to analyst estimates of $60.94 million. Information Services Group had a return on equity of 9.62% and a net margin of 4.05%. On average, sell-side analysts expect that Information Services Group will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Michael P. Connors sold 248,935 shares of Information Services Group stock in a transaction on Friday, November 7th. The shares were sold at an average price of $5.47, for a total transaction of $1,361,674.45. Following the transaction, the chief executive officer owned 5,284,797 shares in the company, valued at approximately $28,907,839.59. The trade was a 4.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 493,703 shares of company stock worth $2,641,010 over the last ninety days. 15.90% of the stock is currently owned by company insiders.

Institutional Trading of Information Services Group

A number of institutional investors and hedge funds have recently bought and sold shares of III. Cerity Partners LLC lifted its stake in shares of Information Services Group by 15.9% in the 2nd quarter. Cerity Partners LLC now owns 5,023,533 shares of the business services provider’s stock valued at $24,113,000 after purchasing an additional 690,957 shares during the period. Vanguard Group Inc. increased its holdings in Information Services Group by 0.3% in the third quarter. Vanguard Group Inc. now owns 2,227,632 shares of the business services provider’s stock worth $12,809,000 after purchasing an additional 7,216 shares in the last quarter. Crawford Investment Counsel Inc. lifted its stake in Information Services Group by 5.7% in the third quarter. Crawford Investment Counsel Inc. now owns 865,627 shares of the business services provider’s stock valued at $4,977,000 after buying an additional 46,903 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in shares of Information Services Group by 603.2% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 480,318 shares of the business services provider’s stock worth $2,762,000 after buying an additional 412,018 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Information Services Group by 14.3% during the 2nd quarter. Acadian Asset Management LLC now owns 448,690 shares of the business services provider’s stock worth $2,152,000 after buying an additional 56,131 shares during the period. 73.10% of the stock is currently owned by institutional investors and hedge funds.

Information Services Group Company Profile

Information Services Group, Inc (ISG) is a leading global technology research and advisory firm specializing in digital transformation, sourcing strategies and technology-driven business operations. Headquartered in Stamford, Connecticut, the company leverages deep market insights and data analytics to help clients optimize cost structures, accelerate growth and navigate complex technology landscapes. Since its founding in 2006, ISG has cultivated expertise across industries including financial services, healthcare, manufacturing and the public sector.

ISG’s core offerings include sourcing advisory, managed governance, market intelligence and research services.