Singular Research Upgrades Information Services Group (NASDAQ:III) to Strong-Buy

Information Services Group (NASDAQ:III) was upgraded by equities researchers 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 research firms have also recently commented on III. Barrington Research lifted their price objective on shares of 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 upgraded shares of Information Services Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Information Services Group Stock Performance

NASDAQ:III traded up $0.01 during mid-day trading on Thursday, hitting $3.35. The stock had a trading volume of 100,144 shares, compared to its average volume of 103,618. Information Services Group has a twelve month low of $2.92 and a twelve month high of $4.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.14 and a current ratio of 1.97. The stock has a market cap of $164.38 million, a price-to-earnings ratio of -47.85, a PEG ratio of 2.72 and a beta of 0.96. The company’s 50 day simple moving average is $3.21 and its 200 day simple moving average is $3.22.

Insider Transactions at Information Services Group

In related news, Director Kalpana Raina sold 18,795 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $3.39, for a total transaction of $63,715.05. Following the sale, the director now owns 396,261 shares of the company’s stock, valued at $1,343,324.79. This represents a 4.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 16.00% of the company’s stock.

Institutional Trading of Information Services Group

Large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its holdings in shares of Information Services Group by 107.4% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 566,444 shares of the business services provider’s stock valued at $1,665,000 after purchasing an additional 293,328 shares during the last quarter. Blair William & Co. IL boosted its position in shares of Information Services Group by 6.1% during the 1st quarter. Blair William & Co. IL now owns 813,443 shares of the business services provider’s stock worth $3,286,000 after purchasing an additional 46,799 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Information Services Group in the first quarter valued at approximately $45,000. Arkadios Wealth Advisors bought a new stake in Information Services Group during the 2nd quarter valued at $32,000. Finally, Vanguard Group Inc. raised its stake in shares of Information Services Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,168,197 shares of the business services provider’s stock worth $8,760,000 after purchasing an additional 15,028 shares during the last quarter. 73.10% of the stock is owned by institutional investors and hedge funds.

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.