Computer Task Group, Inc. (CTG) Shares Bought by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC boosted its position in shares of Computer Task Group, Inc. (NASDAQ:CTG) by 54.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 106,778 shares of the information technology services provider’s stock after purchasing an additional 37,456 shares during the period. Crescent Grove Advisors LLC’s holdings in Computer Task Group were worth $557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Acadian Asset Management LLC grew its holdings in Computer Task Group by 6.8% in the third quarter. Acadian Asset Management LLC now owns 257,156 shares of the information technology services provider’s stock valued at $1,342,000 after purchasing an additional 16,476 shares during the period. Granahan Investment Management Inc. MA grew its holdings in Computer Task Group by 15.9% in the second quarter. Granahan Investment Management Inc. MA now owns 302,467 shares of the information technology services provider’s stock valued at $2,341,000 after purchasing an additional 41,384 shares during the period. Cove Street Capital LLC acquired a new stake in Computer Task Group in the second quarter valued at approximately $604,000. Renaissance Technologies LLC grew its holdings in Computer Task Group by 15.7% in the second quarter. Renaissance Technologies LLC now owns 984,300 shares of the information technology services provider’s stock valued at $7,618,000 after purchasing an additional 133,700 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Computer Task Group by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 956,611 shares of the information technology services provider’s stock valued at $7,404,000 after purchasing an additional 114,374 shares during the period. Hedge funds and other institutional investors own 51.03% of the company’s stock.

A number of brokerages have recently issued reports on CTG. Zacks Investment Research lowered Computer Task Group from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. ValuEngine lowered Computer Task Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Barrington Research set a $9.00 price target on Computer Task Group and gave the stock a “buy” rating in a research note on Monday, July 23rd.

Shares of NASDAQ:CTG opened at $4.49 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $67.12 million, a PE ratio of 20.41, a PEG ratio of 1.12 and a beta of 0.57. Computer Task Group, Inc. has a 1 year low of $4.37 and a 1 year high of $9.62.

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

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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.

See Also: Diversification

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

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