Information Services Group, Inc. (III) Upgraded by Zacks Investment Research to Hold

Information Services Group, Inc. (NASDAQ:III) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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. “

A number of other equities analysts also recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $6.00 target price on shares of Information Services Group in a research note on Sunday, March 12th. Noble Financial reaffirmed a “buy” rating on shares of Information Services Group in a research note on Sunday, March 12th.

Shares of Information Services Group (NASDAQ:III) traded down 1.85% during trading on Monday, hitting $3.18. The stock had a trading volume of 116,680 shares. The stock has a 50 day moving average of $3.21 and a 200 day moving average of $3.69. Information Services Group has a 52-week low of $3.02 and a 52-week high of $4.32. The firm’s market cap is $113.81 million.

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Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of Information Services Group during the fourth quarter worth $5,023,000. FNY Partners Fund LP acquired a new position in shares of Information Services Group during the fourth quarter worth $686,000. State Street Corp increased its position in shares of Information Services Group by 37.0% in the fourth quarter. State Street Corp now owns 419,986 shares of the company’s stock worth $1,530,000 after buying an additional 113,356 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Information Services Group by 4.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,895,390 shares of the company’s stock worth $6,899,000 after buying an additional 78,179 shares in the last quarter. Finally, Perritt Capital Management Inc. increased its position in shares of Information Services Group by 48.9% in the fourth quarter. Perritt Capital Management Inc. now owns 237,800 shares of the company’s stock worth $866,000 after buying an additional 78,100 shares in the last quarter. 57.19% of the stock is owned by institutional investors and hedge funds.

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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