Zacks Investment Research cut shares of Computer Task Group (NASDAQ:CTG) from a hold rating to a sell rating in a research report report published on Monday.

According to Zacks, “Computer Task Group, Incorporated provides information technology (IT) staffing, IT solutions, and application management outsourcing services in North America and Europe. The company’s staffing services consist of recruiting, retaining, and managing IT talent for its clients. Its IT solutions include helping clients assess their business needs and identifying the IT solutions for these needs, as well as the delivery of services, including the selection and implementation of packaged software, and the design, construction, testing, and integration of new systems. It serves primarily technology service providers, financial services, healthcare, and life sciences market areas.Computer Task Group was founded in 1966 by Randolph A. Marks and G. David Bae. The company is headquartered in Buffalo, New York “

A number of other research firms also recently weighed in on CTG. ValuEngine downgraded shares of Computer Task Group from a hold rating to a sell rating in a research note on Tuesday, September 4th. B. Riley set a $10.00 price target on shares of Computer Task Group and gave the stock a buy rating in a research note on Friday, October 19th. Finally, Barrington Research set a $9.00 price target on shares of Computer Task Group and gave the stock a buy rating in a research note on Monday, October 15th.

Shares of CTG stock opened at $4.39 on Monday. Computer Task Group has a 1 year low of $4.21 and a 1 year high of $9.62. The company has a market cap of $62.69 million, a PE ratio of 19.95, a P/E/G ratio of 1.05 and a beta of 0.51. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.05.

Computer Task Group (NASDAQ:CTG) last announced its earnings results on Thursday, October 18th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The company had revenue of $90.26 million for the quarter, compared to analyst estimates of $88.62 million. Computer Task Group had a net margin of 0.62% and a return on equity of 5.13%. Research analysts predict that Computer Task Group will post 0.28 EPS for the current year.

A number of large investors have recently modified their holdings of the business. Macquarie Group Ltd. increased its stake in Computer Task Group by 118.4% in the third quarter. Macquarie Group Ltd. now owns 22,238 shares of the information technology services provider’s stock valued at $116,000 after purchasing an additional 12,058 shares in the last quarter. Algert Global LLC increased its stake in Computer Task Group by 10.5% in the third quarter. Algert Global LLC now owns 211,349 shares of the information technology services provider’s stock valued at $1,103,000 after purchasing an additional 20,133 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in Computer Task Group by 92.6% in the third quarter. Tocqueville Asset Management L.P. now owns 260,000 shares of the information technology services provider’s stock valued at $1,357,000 after purchasing an additional 125,000 shares in the last quarter. Ancora Advisors LLC increased its stake in Computer Task Group by 68.0% in the third quarter. Ancora Advisors LLC now owns 150,758 shares of the information technology services provider’s stock valued at $787,000 after purchasing an additional 61,028 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Computer Task Group by 3.3% in the third quarter. Dimensional Fund Advisors LP now owns 988,568 shares of the information technology services provider’s stock valued at $5,160,000 after purchasing an additional 31,957 shares in the last quarter. 53.89% of the stock is owned by hedge funds and other institutional investors.

Computer Task Group Company Profile

Computer Task Group, Incorporated, together with its subsidiaries, operates as an information technology solutions and staffing services company in North America, Europe, and India. Its IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions designed 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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