Computer Task Group (NASDAQ:CTG) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Computer Task Group (NASDAQ:CTG – Get Rating) in a report issued on Friday. The firm set a “buy” rating on the information technology services provider’s stock.

Separately, Zacks Investment Research cut shares of Computer Task Group from a “hold” rating to a “sell” rating in a report on Thursday, March 10th.

Shares of CTG stock opened at $8.46 on Friday. Computer Task Group has a 12 month low of $6.77 and a 12 month high of $10.40. The stock has a market cap of $129.78 million, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.66 and a beta of 0.72. The company’s fifty day moving average price is $9.42 and its 200-day moving average price is $8.94.

Computer Task Group (NASDAQ:CTG – Get Rating) last announced its earnings results on Tuesday, May 10th. The information technology services provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Computer Task Group had a net margin of 3.50% and a return on equity of 11.20%. During the same quarter in the previous year, the firm posted $0.13 EPS. Equities research analysts expect that Computer Task Group will post 0.69 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in CTG. Barclays PLC raised its position in Computer Task Group by 11,661.3% in the 3rd quarter. Barclays PLC now owns 3,646 shares of the information technology services provider’s stock worth $29,000 after buying an additional 3,615 shares during the last quarter. LPL Financial LLC purchased a new position in Computer Task Group in the 3rd quarter worth about $80,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Computer Task Group by 15.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,735 shares of the information technology services provider’s stock worth $110,000 after buying an additional 1,839 shares during the last quarter. Millennium Management LLC increased its position in shares of Computer Task Group by 16.9% during the 3rd quarter. Millennium Management LLC now owns 15,959 shares of the information technology services provider’s stock valued at $127,000 after purchasing an additional 2,304 shares during the last quarter. Finally, Raymond James & Associates increased its position in shares of Computer Task Group by 174.0% during the 3rd quarter. Raymond James & Associates now owns 28,685 shares of the information technology services provider’s stock valued at $229,000 after purchasing an additional 18,215 shares during the last quarter. Institutional investors own 53.00% of the company’s stock.

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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