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Computer Task Group (NASDAQ:CTG) Earns Strong-Buy Rating from Analysts at StockNews.com


StockNews.com analysts began covering shares of Computer Task Group (NASDAQ:CTG – Get Rating) in a report released on Thursday. The firm set a “strong-buy” rating on the information technology services provider’s stock.

Computer Task Group Trading Up 0.3 %

NASDAQ CTG opened at $8.75 on Thursday. The business’s 50 day moving average is $8.67 and its two hundred day moving average is $8.91. Computer Task Group has a 12-month low of $6.77 and a 12-month high of $10.38. The stock has a market capitalization of $134.23 million, a price-to-earnings ratio of 9.11, a PEG ratio of 0.63 and a beta of 0.68.

Computer Task Group (NASDAQ:CTG – Get Rating) last announced its quarterly earnings results on Tuesday, May 10th. The information technology services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $89.42 million for the quarter, compared to analyst estimates of $93.63 million. Computer Task Group has a return on equity of 11.26% and a net margin of 3.76%. In the same quarter last year, the company earned $0.13 EPS. equities analysts forecast that Computer Task Group will post 0.7 earnings per share for the current fiscal year.

Institutional Ebbs and Flows

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Many institutional investors have recently bought and sold shares of the business. Minerva Advisors LLC raised its holdings in Computer Task Group by 0.9% in the 4th quarter. Minerva Advisors LLC now owns 1,228,729 shares of the information technology services provider’s stock valued at $12,251,000 after acquiring an additional 11,325 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Computer Task Group by 0.7% during the 1st quarter. Royce & Associates LP now owns 1,152,236 shares of the information technology services provider’s stock worth $11,257,000 after buying an additional 8,327 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Computer Task Group by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 964,872 shares of the information technology services provider’s stock worth $9,427,000 after buying an additional 9,413 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Computer Task Group by 27.3% during the 1st quarter. Vanguard Group Inc. now owns 846,388 shares of the information technology services provider’s stock worth $8,269,000 after buying an additional 181,316 shares in the last quarter. Finally, Lewis Capital Management LLC increased its holdings in shares of Computer Task Group by 3.5% during the 2nd quarter. Lewis Capital Management LLC now owns 376,952 shares of the information technology services provider’s stock worth $3,227,000 after buying an additional 12,616 shares in the last quarter. 53.00% of the stock is currently owned by institutional investors and hedge funds.

Computer Task Group Company Profile

(Get Rating)

Computer Task Group, Incorporated, together with its subsidiaries, offers information and technology services in North America, South America, Western Europe, and India. It operates through three segments: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services.

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