Computer Task Group Inc. (NASDAQ:CTG) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a 12 month consensus price target of $5.50 for the company and are anticipating that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Computer Task Group an industry rank of 102 out of 265 based on the ratings given to its competitors.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Computer Task Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 8th. B. Riley reissued a “buy” rating and issued a $5.75 price objective on shares of Computer Task Group in a research report on Monday, July 25th.
Computer Task Group (NASDAQ:CTG) traded up 1.73% on Thursday, hitting $4.71. The stock had a trading volume of 18,067 shares. The stock’s market cap is $77.08 million. Computer Task Group has a 12 month low of $4.42 and a 12 month high of $7.72. The firm’s 50 day moving average price is $4.72 and its 200-day moving average price is $5.03.
Computer Task Group (NASDAQ:CTG) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The business had revenue of $83.50 million for the quarter, compared to the consensus estimate of $85.77 million. Computer Task Group had a negative net margin of 4.16% and a positive return on equity of 5.76%. The company’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 earnings per share. On average, analysts forecast that Computer Task Group will post $0.19 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Monday, September 26th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date is Thursday, September 22nd. Computer Task Group’s payout ratio is -25.53%.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC raised its position in shares of Computer Task Group by 4.4% in the second quarter. BlackRock Advisors LLC now owns 31,793 shares of the company’s stock valued at $158,000 after buying an additional 1,348 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of 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. GSA Capital Partners LLP raised its position in shares of Computer Task Group by 0.9% in the second quarter. GSA Capital Partners LLP now owns 77,921 shares of the company’s stock valued at $387,000 after buying an additional 701 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of 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. Finally, 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 valued at $2,081,000 after buying an additional 119,732 shares in the last quarter. 50.10% of the stock is owned by institutional investors and hedge funds.
Computer Task Group Company Profile
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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