NASDAQ:CTG - Computer Task Group Stock Price, Forecast & News

Computer Task Group trades on the NASDAQ under the ticker symbol "CTG."

Computer Task Group declared that its Board of Directors has initiated a stock repurchase program on Friday, February 16th 2018, which authorizes the company to repurchase 1,000% of shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through a dutch auction. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Computer Task Group, Inc. (NASDAQ:CTG) issued its quarterly earnings results on Tuesday, October, 22nd. The information technology services provider reported $0.10 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.09 by $0.01. The information technology services provider had revenue of $97.20 million for the quarter, compared to analyst estimates of $98.50 million. Computer Task Group had a positive return on equity of 6.29% and a negative net margin of 0.72%. View Computer Task Group's Earnings History.

Computer Task Group is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for Computer Task Group.

Computer Task Group issued an update on its FY 2019 earnings guidance on Tuesday, October, 22nd. The company provided earnings per share (EPS) guidance of $0.33-0.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.35. The company issued revenue guidance of $390-400 million, compared to the consensus revenue estimate of $398.01 million.

2 analysts have issued 12 month price objectives for Computer Task Group's stock. Their forecasts range from $7.00 to $8.00. On average, they expect Computer Task Group's share price to reach $7.50 in the next year. This suggests a possible upside of 38.1% from the stock's current price. View Analyst Price Targets for Computer Task Group.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Computer Task Group in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Computer Task Group.

Media headlines about CTG stock have trended positive this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Computer Task Group earned a media sentiment score of 2.4 on InfoTrie's scale. They also assigned headlines about the information technology services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Computer Task Group.

Computer Task Group saw a decline in short interest in the month of November. As of November 29th, there was short interest totalling 21,600 shares, a decline of 22.0% from the November 14th total of 27,700 shares. Based on an average daily volume of 49,200 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company's shares are short sold. View Computer Task Group's Current Options Chain.

Some companies that are related to Computer Task Group include Synchronoss Technologies (SNCR), Perion Network (PERI), Bright Mountain Media (BMTM), Innovative Solutions & Support (ISSC), MIND C.T.I. (MNDO), RealNetworks (RNWK), Powerbridge Technologies (PBTS), Modsys International (MDSYF), Evolving Systems (EVOL), TSR (TSRI), Inpixon (INPX) and Cicero (CICN).

Based on aggregate information from My MarketBeat watchlists, some companies that other Computer Task Group investors own include Corbus Pharmaceuticals (CRBP), Criteo (CRTO), Inpixon (INPX), DHI Group (DHX), Ampio Pharmaceuticals (AMPE), Amarin (AMRN), Digital Turbine (APPS), ArQule (ARQL), Athersys (ATHX) and Autoweb (AUTO).

Computer Task Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Granahan Investment Management Inc. MA (3.89%), Tocqueville Asset Management L.P. (1.41%), Gabelli Funds LLC (0.25%) and Gamco Investors INC. ET AL (0.13%). View Institutional Ownership Trends for Computer Task Group.

CTG stock was sold by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P.. View Insider Buying and Selling for Computer Task Group.

CTG stock was acquired by a variety of institutional investors in the last quarter, including Gamco Investors INC. ET AL, Gabelli Funds LLC and Granahan Investment Management Inc. MA. View Insider Buying and Selling for Computer Task Group.

Shares of CTG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of CTG stock can currently be purchased for approximately $5.43.

Computer Task Group has a market capitalization of $79.82 million and generates $358.77 million in revenue each year. The information technology services provider earns $-2,820,000.00 in net income (profit) each year or $0.24 on an earnings per share basis. Computer Task Group employs 4,150 workers across the globe.View Additional Information About Computer Task Group.

The official website for Computer Task Group is http://www.ctg.com/.

Computer Task Group's mailing address is 800 DELAWARE AVE, BUFFALO NY, 14209. The information technology services provider can be reached via phone at 716-882-8000.