Shares of Computer Task Group Inc. (NASDAQ:CTG) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokerages have set a 1-year consensus price target of $5.50 for the company and are predicting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given Computer Task Group an industry rank of 150 out of 265 based on the ratings given to its competitors.
Several analysts recently commented on the company. B. Riley restated a “buy” rating and issued a $5.50 target price on shares of Computer Task Group in a research report on Saturday, July 30th. Zacks Investment Research raised Computer Task Group from a “sell” rating to a “hold” rating in a research note on Friday, June 24th.
Shares of Computer Task Group (NASDAQ:CTG) opened at 4.89 on Thursday. The stock’s 50 day moving average price is $4.71 and its 200-day moving average price is $5.02. The firm’s market cap is $80.02 million. Computer Task Group has a 52-week low of $4.42 and a 52-week high of $7.72.
Computer Task Group (NASDAQ:CTG) last posted its earnings results on Tuesday, July 26th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. Computer Task Group had a positive return on equity of 5.76% and a negative net margin of 4.16%. The firm had revenue of $83.50 million for the quarter, compared to analysts’ expectations of $85.77 million. During the same period last year, the firm earned $0.11 EPS. The firm’s revenue was down 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that Computer Task Group will post $0.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Monday, September 26th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date is Thursday, September 22nd. Computer Task Group’s payout ratio is currently -25.53%.
A number of institutional investors have recently modified their holdings of CTG. Renaissance Technologies LLC raised its position in shares of Computer Task Group by 41.6% in the first quarter. Renaissance Technologies LLC now owns 407,232 shares of the company’s stock worth $2,081,000 after buying an additional 119,732 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Computer Task Group by 1.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 457,774 shares of the company’s stock valued at $2,275,000 after buying an additional 6,396 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Computer Task Group by 5.4% in the second quarter. Bank of New York Mellon Corp now owns 112,421 shares of the company’s stock valued at $558,000 after buying an additional 5,747 shares in the last quarter. BlackRock Fund Advisors raised its stake in Computer Task Group by 13.6% in the second quarter. BlackRock Fund Advisors now owns 43,117 shares of the company’s stock valued at $214,000 after buying an additional 5,148 shares in the last quarter. Finally, Minerva Advisors LLC raised its stake in Computer Task Group by 0.4% in the second quarter. Minerva Advisors LLC now owns 984,459 shares of the company’s stock valued at $4,903,000 after buying an additional 4,072 shares in the last quarter. 50.10% of the stock is owned by hedge funds and other institutional investors.
About Computer Task Group
Computer Task Group, Incorporated (CTG) is an information technology (IT) solutions and staffing services company. The Company primarily operates in the segment of providing IT services to its clients. The Company has operations in North America and Europe. The Company is engaged in providing IT services, including IT Solutions, and IT and other Staffing.
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