Computer Task Group (CTG) Posts Quarterly Earnings Results, Meets Expectations

Remigio Civitarese
Febbraio 25, 2018

Its up 0.24, from 0.88 in 2017Q2. Algert Global LLC lifted its stake in shares of Computer Task Group by 249.2% in the fourth quarter. 8 funds opened positions while 11 raised stakes. Computer Task Group, Incorporated (CTG) has risen 14.46% since February 24, 2017 and is uptrending. 502 are held by Royal Comml Bank Of Canada. Euclidean Technologies Management Llc owns 239,744 shares or 1.23% of their U.S. portfolio. At present, 0 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Moreover, Minerva Advsrs Ltd Liability Corp has 3.01% invested in Computer Task Group, Incorporated (NASDAQ:CTG). Jpmorgan Chase Co reported 6,367 shares stake. Connor Clark & Lunn Invest Mngmt accumulated 17,175 shares or 0% of the stock. During the same quarter last year, the business posted $0.07 EPS. research analysts anticipate that Computer Task Group will post 0.36 earnings per share for the current year. Deutsche Natl Bank Ag has invested 0% in Computer Task Group, Incorporated (NASDAQ:CTG). California Employees Retirement Sys owns 176,500 shares for 0% of their portfolio. Dimensional Fund Advsr L P stated it has 0% in Computer Task Group, Incorporated (NASDAQ:CTG). Stanley owns 47,645 shares or 0.55% of their USA portfolio. Computer Task Group earned a media sentiment score of 0.15 on Accern's scale.

Computer Task Group announced that its board has authorized a stock repurchase plan on Thursday, February 15th that allows the company to repurchase 1,000% of outstanding shares. The 7 months bullish chart indicates low risk for the $115.57 million company.

The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. The stock increased 3.10% or $0.2 during the last trading session, reaching $6.65. About 167,128 shares traded or 267.22% up from the average. It has underperformed by 2.24% the S&P500.

Separately, Zacks Investment Research downgraded shares of Computer Task Group from a "hold" rating to a "sell" rating in a research note on Friday, October 27th. Therefore 100% are positive. Computer Task Group has a 1-year low of $4.90 and a 1-year high of $7.32. $8.50's average target is 27.82% above currents $6.65 stock price. The rating was maintained by B. Riley & Co with "Buy" on Monday, October 23. The firm has "Buy" rating given on Wednesday, February 21 by FBR Capital. FBR Capital has "Buy" rating and $9.0 target.

More notable recent Computer Task Group, Incorporated (NASDAQ:CTG) news were published by: Seekingalpha.com which released: "Computer Task Group's (CTG) CEO Bud Crumlish on Q3 2017 Results - Earnings ..." on October 24, 2017, also Seekingalpha.com with their article: "Computer Task Group's (CTG) CEO Arthur Crumlish on Q4 2016 Results - Earnings ..." published on February 21, 2017, Seekingalpha.com published: "Computer Task Group's (CTG) CEO Bud Crumlish on Q2 2017 Results - Earnings ..." on July 25, 2017. Computer Task Group updated its Q1 guidance to $0.05-0.07 EPS and its FY18 guidance to $0.30-0.42 EPS.

Computer Task Group, Incorporated, together with its subsidiaries, operates as an information technology solutions and staffing services firm in North America, Europe, and India. The corporation has a market cap of US$92.9 Million. The Company's IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions created to fit the needs of a specific client or market; and design and distribution of complex technology components, as well as offers consulting services. It has a 45.03 P/E ratio. The Company's IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions created 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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