ValuEngine upgraded shares of Computer Task Group (NASDAQ:CTG) from a sell rating to a hold rating in a report published on Monday, February 4th.
Other equities analysts have also issued research reports about the company. Barrington Research reissued a buy rating and set a $9.00 price objective on shares of Computer Task Group in a research note on Friday, January 4th. Zacks Investment Research raised Computer Task Group from a sell rating to a hold rating in a research note on Tuesday, December 18th. Finally, B. Riley set a $10.00 price objective on Computer Task Group and gave the stock a buy rating in a research note on Friday, October 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $8.00.
CTG stock traded up $0.03 during trading on Monday, hitting $4.18. 2,221 shares of the company traded hands, compared to its average volume of 19,845. The stock has a market cap of $59.69 million, a P/E ratio of 17.42, a P/E/G ratio of 0.82 and a beta of 0.49. Computer Task Group has a 1 year low of $3.85 and a 1 year high of $9.62. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.05.
Computer Task Group (NASDAQ:CTG) last posted its quarterly earnings data on Tuesday, February 19th. The information technology services provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05). The business had revenue of $93.13 million during the quarter, compared to analysts’ expectations of $91.51 million. Computer Task Group had a negative net margin of 0.76% and a positive return on equity of 4.64%. On average, research analysts predict that Computer Task Group will post 0.34 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in CTG. Dimensional Fund Advisors LP lifted its stake in shares of Computer Task Group by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 956,611 shares of the information technology services provider’s stock valued at $7,404,000 after purchasing an additional 114,374 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Computer Task Group by 15.7% in the 2nd quarter. Renaissance Technologies LLC now owns 984,300 shares of the information technology services provider’s stock valued at $7,618,000 after purchasing an additional 133,700 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Computer Task Group by 6.8% in the 3rd quarter. Acadian Asset Management LLC now owns 257,156 shares of the information technology services provider’s stock valued at $1,342,000 after purchasing an additional 16,476 shares during the last quarter. Crescent Grove Advisors LLC lifted its stake in Computer Task Group by 54.0% during the 3rd quarter. Crescent Grove Advisors LLC now owns 106,778 shares of the information technology services provider’s stock worth $557,000 after acquiring an additional 37,456 shares in the last quarter. Finally, Minerva Advisors LLC lifted its stake in Computer Task Group by 7.8% during the 3rd quarter. Minerva Advisors LLC now owns 1,156,748 shares of the information technology services provider’s stock worth $6,039,000 after acquiring an additional 83,353 shares in the last quarter. 48.95% of the stock is currently owned by institutional investors and hedge funds.
About Computer Task Group
Computer Task Group, Incorporated, together with its subsidiaries, operates as an information technology solutions and staffing services company in North America, Europe, and India. Its IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions designed to fit the needs of a specific client or market; and design and distribution of complex technology components, as well as offers consulting services.
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