Computer Task Group, Inc. (CTG) Position Raised by Renaissance Technologies LLC
Renaissance Technologies LLC boosted its position in shares of Computer Task Group, Inc. (NASDAQ:CTG) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412,000 shares of the information technology services provider’s stock after buying an additional 21,695 shares during the period. Renaissance Technologies LLC’s holdings in Computer Task Group were worth $1,735,000 at the end of the most recent reporting period.
Separately, Minerva Advisors LLC raised its position in Computer Task Group by 2.2% in the fourth quarter. Minerva Advisors LLC now owns 1,066,940 shares of the information technology services provider’s stock valued at $4,481,000 after buying an additional 22,815 shares in the last quarter. Hedge funds and other institutional investors own 46.42% of the company’s stock.
Computer Task Group, Inc. (NASDAQ:CTG) opened at 5.82 on Friday. The firm’s market cap is $91.34 million. The firm has a 50-day moving average of $5.66 and a 200 day moving average of $4.82. Computer Task Group, Inc. has a 1-year low of $3.87 and a 1-year high of $6.33.
Computer Task Group (NASDAQ:CTG) last released its quarterly earnings data on Tuesday, February 21st. The information technology services provider reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Computer Task Group had a positive return on equity of 4.73% and a negative net margin of 9.85%. The company earned $77.50 million during the quarter, compared to the consensus estimate of $73.90 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The firm’s revenue was down 8.0% compared to the same quarter last year. Analysts expect that Computer Task Group, Inc. will post $0.24 earnings per share for the current fiscal year.
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CTG has been the topic of several research reports. Zacks Investment Research upgraded shares of Computer Task Group from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research note on Thursday, February 23rd. B. Riley reiterated a “buy” rating and issued a $7.00 price objective on shares of Computer Task Group in a research note on Thursday.
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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