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. The company's IT and other staffing services include recruiting, retaining, and managing IT and other talent primarily for technology service providers and other companies with multiple locations. It serves technology service and healthcare providers, and health insurers, as well as manufacturing, life sciences, energy, and financial services companies. Computer Task Group, Incorporated was founded in 1966 and is headquartered in Buffalo, New York.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Custom computer programming services
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:CTG
Previous SymbolNASDAQ:CTGX
CUSIPN/A
Phone716-882-8000
Debt
Debt-to-Equity Ratio0.05
Current Ratio2.16
Quick Ratio2.16
Price-To-Earnings
Trailing P/E Ratio20.00
Forward P/E Ratio15.64
P/E Growth1.08
Sales & Book Value
Annual Sales$301.21 million
Price / Sales0.21
Cash Flow$0.3029 per share
Price / Cash14.46
Book Value$5.07 per share
Price / Book0.86
Profitability
EPS (Most Recent Fiscal Year)$0.22
Net Income$800,000.00
Net Margins0.62%
Return on Equity5.13%
Return on Assets2.84%
Miscellaneous
Employees3,200
Outstanding Shares14,280,000
Market Cap$64.98 million
OptionableOptionable
Computer Task Group (NASDAQ:CTG) Frequently Asked Questions
What is Computer Task Group's stock symbol?
Computer Task Group trades on the NASDAQ under the ticker symbol "CTG."
How will Computer Task Group's stock buyback program work?
Computer Task Group declared that its Board of Directors has authorized a share repurchase program on Friday, February 16th 2018, which allows the company to buyback 1,000% of shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through a dutch auction. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.
How were Computer Task Group's earnings last quarter?
Computer Task Group, Inc. (NASDAQ:CTG) released its quarterly earnings data on Thursday, October, 18th. The information technology services provider reported $0.06 EPS for the quarter, meeting analysts' consensus estimates of $0.06. The information technology services provider earned $90.26 million during the quarter, compared to the consensus estimate of $88.62 million. Computer Task Group had a return on equity of 5.13% and a net margin of 0.62%. View Computer Task Group's Earnings History.
When is Computer Task Group's next earnings date?
What guidance has Computer Task Group issued on next quarter's earnings?
Computer Task Group issued an update on its FY 2018 earnings guidance on Thursday, October, 18th. The company provided earnings per share guidance of $0.26-0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.31. The company issued revenue guidance of $355-360 million, compared to the consensus revenue estimate of $355.4 million.Computer Task Group also updated its Q4 2018 guidance to $0.06-0.10 EPS.
What price target have analysts set for CTG?
2 analysts have issued 12-month target prices for Computer Task Group's stock. Their predictions range from $9.00 to $10.00. On average, they expect Computer Task Group's share price to reach $9.50 in the next twelve months. This suggests a possible upside of 116.9% from the stock's current price. View Analyst Price Targets for Computer Task Group.
What is the consensus analysts' recommendation 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.
What are Wall Street analysts saying about Computer Task Group stock?
Here are some recent quotes from research analysts about Computer Task Group stock:
- 1. According to Zacks Investment Research, "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 " (10/22/2018)
- 2. Barrington Research analysts commented, "We expect the company to report Q3/18 non-GAAP EPS of $0.06, which is in line with the FactSet consensus of $0.06. Our forecast represents an increase from $0.05 in the year-ago period and a decline from $0.08 in the sequential period." (10/15/2018)
Has Computer Task Group been receiving favorable news coverage?
News articles about CTG stock have been trending somewhat positive this week, according to InfoTrie. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Computer Task Group earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned news articles about the information technology services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of Computer Task Group's key competitors?
Some companies that are related to Computer Task Group include RealNetworks (RNWK), Perion Network (PERI), MIND C.T.I. (MNDO), Bright Mountain Media (BMTM), Innovative Solutions & Support (ISSC), Modsys International (MDSYF), Evolving Systems (EVOL), TSR (TSRI), Inpixon (INPX), Cicero (CICN), Callidus Software (CALD), Formula Systems (1985) (FORTY), Luokung Technology (KONE) and Syntel (SYNT).
Who are Computer Task Group's key executives?
Computer Task Group's management team includes the folowing people:
- Mr. Arthur W. Crumlish, Pres, CEO & Director (Age 63)
- Mr. John M. Laubacker, Exec. VP, CFO & Treasurer (Age 51)
- Mr. Peter P. Radetich, Sr. VP, Gen. Counsel & Sec. (Age 63)
- Mr. Filip J. L. Gydé, Exec. VP and GM & Pres of CTG Europe (Age 57)
- Ms. Laura Momplet, Chief Operations Officer and Chief Clinical Officer
Who are Computer Task Group's major shareholders?
Computer Task Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Minerva Advisors LLC (8.10%), Dimensional Fund Advisors LP (6.92%), Royce & Associates LP (5.63%), Acadian Asset Management LLC (1.78%), Ancora Advisors LLC (1.06%) and Crescent Grove Advisors LLC (0.75%). Company insiders that own Computer Task Group stock include Filip J L Gyde, John M Laubacker and Peter P Radetich. View Institutional Ownership Trends for Computer Task Group.
Which institutional investors are selling Computer Task Group stock?
Which institutional investors are buying Computer Task Group stock?
CTG stock was acquired by a variety of institutional investors in the last quarter, including Minerva Advisors LLC, Ancora Advisors LLC, Crescent Grove Advisors LLC, Dimensional Fund Advisors LP and Acadian Asset Management LLC. View Insider Buying and Selling for Computer Task Group.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Computer Task Group's stock price today?
One share of CTG stock can currently be purchased for approximately $4.38.
How big of a company is Computer Task Group?
Computer Task Group has a market capitalization of $64.98 million and generates $301.21 million in revenue each year. The information technology services provider earns $800,000.00 in net income (profit) each year or $0.22 on an earnings per share basis. Computer Task Group employs 3,200 workers across the globe.
What is Computer Task Group's official website?
How can I contact Computer Task Group?
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.
MarketBeat Community Rating for Computer Task Group (NASDAQ CTG)
MarketBeat's community ratings are surveys of what our community members think about Computer Task Group and other stocks. Vote "Outperform" if you believe CTG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CTG will underperform the S&P 500 over the long term. You may vote once every thirty days.
