California Public Employees Retirement System held its stake in shares of Computer Task Group, Incorporated (NASDAQ:CTG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176,500 shares of the information technology services provider’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in Computer Task Group, were worth $974,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Computer Task Group, by 21.8% in the first quarter. JPMorgan Chase & Co. now owns 23,827 shares of the information technology services provider’s stock valued at $132,000 after buying an additional 4,262 shares during the period. Brandes Investment Partners LP increased its stake in shares of Computer Task Group, by 86.5% in the first quarter. Brandes Investment Partners LP now owns 26,736 shares of the information technology services provider’s stock valued at $148,000 after buying an additional 12,401 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of Computer Task Group, by 30.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 102,690 shares of the information technology services provider’s stock valued at $567,000 after buying an additional 23,750 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Computer Task Group, by 5.6% in the fourth quarter. Renaissance Technologies LLC now owns 412,000 shares of the information technology services provider’s stock valued at $1,735,000 after buying an additional 21,695 shares during the period. 47.57% of the stock is owned by institutional investors.

Computer Task Group, Incorporated (NASDAQ CTG) traded down 1.94% during midday trading on Friday, reaching $5.05. 57,336 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $5.57 and its 200-day moving average is $5.50. Computer Task Group, Incorporated has a 12-month low of $3.87 and a 12-month high of $6.33. The stock’s market capitalization is $79.28 million.

Computer Task Group, (NASDAQ:CTG) last released its quarterly earnings data on Tuesday, July 25th. The information technology services provider reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The firm had revenue of $75.50 million for the quarter, compared to analyst estimates of $78.05 million. Computer Task Group, had a negative net margin of 4.50% and a positive return on equity of 4.27%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share. On average, equities analysts forecast that Computer Task Group, Incorporated will post $0.24 earnings per share for the current year.

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Several brokerages recently weighed in on CTG. B. Riley reissued a “buy” rating and set a $8.50 price target on shares of Computer Task Group, in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Computer Task Group, from a “buy” rating to a “hold” rating in a research report on Tuesday, April 25th.

About Computer Task Group,

Computer Task Group, Incorporated (CTG) is an information technology (IT) solutions and staffing services company. The Company primarily operates in the segment of providing IT services to its clients. The Company has operations in North America and Europe. The Company is engaged in providing IT services, including IT Solutions, and IT and other Staffing.

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

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