Macquarie Group Ltd. reduced its holdings in shares of Computer Task Group, Inc. (NASDAQ:CTG) by 51.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,868 shares of the information technology services provider’s stock after selling 11,370 shares during the period. Macquarie Group Ltd. owned 0.08% of Computer Task Group worth $44,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of 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 worth $5,160,000 after purchasing an additional 31,957 shares in the last quarter. Crescent Grove Advisors LLC boosted its stake in Computer Task Group by 84.3% during the fourth quarter. Crescent Grove Advisors LLC now owns 196,778 shares of the information technology services provider’s stock valued at $803,000 after buying an additional 90,000 shares in the last quarter. Minerva Advisors LLC boosted its stake in Computer Task Group by 6.6% during the fourth quarter. Minerva Advisors LLC now owns 1,233,160 shares of the information technology services provider’s stock valued at $5,031,000 after buying an additional 76,412 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Computer Task Group by 3.4% during the fourth quarter. Acadian Asset Management LLC now owns 265,873 shares of the information technology services provider’s stock valued at $1,084,000 after buying an additional 8,717 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Computer Task Group by 19.8% during the fourth quarter. BlackRock Inc. now owns 387,098 shares of the information technology services provider’s stock valued at $1,580,000 after buying an additional 64,107 shares in the last quarter. Hedge funds and other institutional investors own 49.44% of the company’s stock.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Computer Task Group from a “sell” rating to a “hold” rating in a report on Friday. Barrington Research set a $7.00 target price on Computer Task Group and gave the company a “buy” rating in a report on Tuesday, February 26th. TheStreet downgraded Computer Task Group from a “c-” rating to a “d” rating in a report on Tuesday, February 19th. B. Riley set a $8.00 target price on Computer Task Group and gave the company a “buy” rating in a report on Wednesday, February 20th. Finally, ValuEngine raised Computer Task Group from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $8.00.

Shares of NASDAQ CTG opened at $4.25 on Friday. Computer Task Group, Inc. has a 12 month low of $3.85 and a 12 month high of $9.33. The firm has a market cap of $60.53 million, a PE ratio of 17.69, a P/E/G ratio of 0.83 and a beta of 0.49. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.17 and a quick ratio of 2.17.

Computer Task Group (NASDAQ:CTG) last announced its earnings results on Thursday, April 18th. The information technology services provider reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Computer Task Group had a positive return on equity of 4.77% and a negative net margin of 0.76%. The business had revenue of $97.24 million during the quarter, compared to the consensus estimate of $93.63 million. On average, research analysts anticipate that Computer Task Group, Inc. will post 0.34 earnings per share for the current fiscal year.

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Computer Task Group 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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Institutional Ownership by Quarter for Computer Task Group (NASDAQ:CTG)

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