5 Most Undervalued Cloud Stocks Under $10 According To Hedge Funds

3. Information Services Group, Inc. (NASDAQ:III)

Number of Hedge Funds: 15

Information Services Group, Inc. (NASDAQ:III) is a Connecticut-based IT services company that helps companies execute Cloud migration, optimize their Cloud performance and secure their digital assets in Cloud computing, in addition to providing other IT services.

Despite being a small company, Information Services Group, Inc. (NASDAQ:III) pays dividends.

In the third quarter, Information Services Group, Inc. (NASDAQ:III)’s adjusted EBITDA margin reached 16%, the highest in the company’s history. For the fourth quarter, Information Services Group, Inc. (NASDAQ:III) was expecting this figure to be between 14.5% to 15%.

At the end of the third quarter of 2022, 15 hedge funds out of the 920 funds tracked by Insider Monkey reported owning stakes in Information Services Group, Inc. (NASDAQ:III). The total worth of these stakes was about $38 million. The biggest stakeholder of Information Services Group, Inc. (NASDAQ:III) during this period was Gregg J. Powers’ Private Capital Management which had a $19.3 million stake in the company.