Information Services Group (NASDAQ:III) Rating Increased to Strong-Buy at Singular Research

Information Services Group (NASDAQ:III) was upgraded by investment analysts at Singular Research from a “moderate buy” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Barrington Research increased their price objective on Information Services Group from $3.50 to $3.75 and gave the stock an “outperform” rating in a research report on Monday, November 11th. StockNews.com raised Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Information Services Group Stock Up 0.3 %

Information Services Group stock opened at $3.35 on Thursday. Information Services Group has a twelve month low of $2.92 and a twelve month high of $4.98. The stock has a 50 day moving average of $3.20 and a two-hundred day moving average of $3.22. The company has a current ratio of 1.97, a quick ratio of 2.14 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $164.38 million, a price-to-earnings ratio of -47.85, a PEG ratio of 2.72 and a beta of 0.96.

Insider Transactions at Information Services Group

In related news, Director Kalpana Raina sold 18,795 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $3.39, for a total value of $63,715.05. Following the completion of the transaction, the director now directly owns 396,261 shares of the company’s stock, valued at $1,343,324.79. This trade represents a 4.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 16.00% of the company’s stock.

Hedge Funds Weigh In On Information Services Group

Hedge funds have recently bought and sold shares of the company. Copeland Capital Management LLC purchased a new position in Information Services Group in the 3rd quarter valued at approximately $32,000. CHICAGO TRUST Co NA purchased a new position in Information Services Group in the 2nd quarter valued at approximately $30,000. Price T Rowe Associates Inc. MD purchased a new position in Information Services Group in the 1st quarter valued at approximately $45,000. Arkadios Wealth Advisors purchased a new position in Information Services Group during the second quarter worth $32,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Information Services Group during the second quarter worth $35,000. 73.10% of the stock is owned by hedge funds and other institutional investors.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, 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.