Barrington Research Has Lowered Expectations for Information Services Group (NASDAQ:III) Stock Price

Information Services Group (NASDAQ:III) had its target price lowered by stock analysts at Barrington Research from $7.00 to $5.50 in a research report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 29.38% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Wall Street Zen raised Information Services Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Information Services Group in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Information Services Group has an average rating of “Hold” and a consensus price target of $5.50.

Information Services Group Price Performance

III traded down $0.28 on Monday, reaching $4.25. 371,407 shares of the company’s stock were exchanged, compared to its average volume of 319,499. Information Services Group has a twelve month low of $3.17 and a twelve month high of $6.45. The stock has a market cap of $203.54 million, a PE ratio of 23.64, a P/E/G ratio of 0.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.22 and a quick ratio of 2.22. The stock’s fifty day moving average price is $5.34 and its 200-day moving average price is $5.45.

Information Services Group (NASDAQ:III) last released its earnings results on Thursday, March 5th. The business services provider reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $61.21 million for the quarter, compared to analyst estimates of $61.11 million. Information Services Group had a net margin of 3.82% and a return on equity of 11.50%. Sell-side analysts expect that Information Services Group will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of III. Cerity Partners LLC increased its position in shares of Information Services Group by 15.9% during the second quarter. Cerity Partners LLC now owns 5,023,533 shares of the business services provider’s stock valued at $24,113,000 after acquiring an additional 690,957 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Information Services Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,227,632 shares of the business services provider’s stock worth $12,809,000 after acquiring an additional 7,216 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Information Services Group by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,532,910 shares of the business services provider’s stock worth $8,860,000 after purchasing an additional 9,678 shares during the period. Crawford Investment Counsel Inc. increased its holdings in Information Services Group by 4.4% in the 4th quarter. Crawford Investment Counsel Inc. now owns 904,143 shares of the business services provider’s stock valued at $5,226,000 after purchasing an additional 38,516 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in Information Services Group by 68.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 806,703 shares of the business services provider’s stock valued at $4,663,000 after purchasing an additional 326,385 shares during the last quarter. Hedge funds and other institutional investors own 73.10% of the company’s stock.

About Information Services Group

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.