Shares of Computer Task Group, Inc. (NASDAQ:CTG) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation. Computer Task Group’s rating score has improved by 50% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokerages have set a 1 year consensus price target of $9.50 for the company and are expecting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Computer Task Group an industry rank of 86 out of 255 based on the ratings given to related companies.
Several research analysts have weighed in on CTG shares. Barrington Research set a $9.00 price objective on shares of Computer Task Group and gave the company a “buy” rating in a research note on Monday, July 23rd. Zacks Investment Research downgraded Computer Task Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. Finally, ValuEngine upgraded Computer Task Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 19th.
Computer Task Group (NASDAQ:CTG) last released its quarterly earnings data on Thursday, July 19th. The information technology services provider reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $92.67 million for the quarter, compared to analyst estimates of $88.06 million. Computer Task Group had a net margin of 0.30% and a return on equity of 4.78%. equities analysts anticipate that Computer Task Group will post 0.31 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of Computer Task Group by 17.4% during the 4th quarter. Renaissance Technologies LLC now owns 589,500 shares of the information technology services provider’s stock worth $3,006,000 after purchasing an additional 87,200 shares in the last quarter. Deutsche Bank AG increased its position in Computer Task Group by 35.6% in the 4th quarter. Deutsche Bank AG now owns 61,402 shares of the information technology services provider’s stock valued at $313,000 after acquiring an additional 16,120 shares in the last quarter. Algert Global LLC increased its position in Computer Task Group by 5.2% in the 1st quarter. Algert Global LLC now owns 155,228 shares of the information technology services provider’s stock valued at $1,271,000 after acquiring an additional 7,711 shares in the last quarter. Crescent Grove Advisors LLC increased its position in Computer Task Group by 48.1% in the 1st quarter. Crescent Grove Advisors LLC now owns 69,322 shares of the information technology services provider’s stock valued at $568,000 after acquiring an additional 22,500 shares in the last quarter. Finally, Bailard Inc. acquired a new stake in Computer Task Group in the 1st quarter valued at about $272,000. 54.23% of the stock is currently owned by institutional investors.
Computer Task Group Company Profile
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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