Computer Task Group (CTG) Stock Forecast, Price & News

Computer Task Group's stock was trading at $7.56 on January 1st, 2023. Since then, CTG stock has increased by 37.0% and is now trading at $10.36.
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Computer Task Group saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 56,500 shares, a decline of 29.8% from the August 31st total of 80,500 shares. Based on an average daily volume of 160,800 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company's shares are sold short.
View Computer Task Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our CTG earnings forecast.

Computer Task Group, Incorporated (NASDAQ:CTG) posted its quarterly earnings results on Wednesday, August, 9th. The information technology services provider reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by $0.01. The information technology services provider earned $74.59 million during the quarter, compared to analyst estimates of $78.70 million. Computer Task Group had a trailing twelve-month return on equity of 6.68% and a net margin of 0.82%.

Computer Task Group (NASDAQ:CTG) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 150.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CTG will have a dividend payout ratio of 32.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTG.

68 employees have rated Computer Task Group Chief Executive Officer Filip Gydé on Glassdoor.com. Filip Gydé has an approval rating of 55% among the company's employees. This puts Filip Gydé in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 63.0% of employees surveyed would recommend working at Computer Task Group to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Computer Task Group investors own include SeaChange International (SEAC), Actinium Pharmaceuticals (ATNM), Nokia Oyj (NOK), Pfizer (PFE), Smith Micro Software (SMSI), Zynerba Pharmaceuticals (ZYNE), Digital Turbine (APPS), Enphase Energy (ENPH), Alphabet (GOOG) and Inovio Pharmaceuticals (INO).

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

Computer Task Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Royce & Associates LP (10.23%), Dimensional Fund Advisors LP (6.33%), Renaissance Technologies LLC (4.70%), Lewis Capital Management LLC (2.39%), BlackRock Inc. (1.76%) and Acadian Asset Management LLC (1.57%). Insiders that own company stock include Daniel J Sullivan, David H Klein, James R Helvey III, Owen J Sullivan, Raj Rajgopal and Valerie Rahmani.
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Shares of CTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CTG stock can currently be purchased for approximately $10.36.

Computer Task Group (NASDAQ:CTG) has a market capitalization of $166.23 million and generates $305.69 million in revenue each year. The information technology services provider earns $6.61 million in net income (profit) each year or $0.16 on an earnings per share basis.

The company employs 3,200 workers across the globe.

Computer Task Group's mailing address is 800 DELAWARE AVE, BUFFALO NY, 14209. The official website for the company is www.ctg.com. The information technology services provider can be reached via phone at (716) 882-8000, via email at john.laubacker@ctg.com, or via fax at 716-887-7464.