Macquarie Group Ltd. acquired a new stake in Computer Task Group, Inc. (NASDAQ:CTG) during the third quarter, according to its most recent filing with the SEC. The firm acquired 90,061 shares of the information technology services provider’s stock, valued at approximately $483,000. Macquarie Group Ltd. owned about 0.58% of Computer Task Group as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Computer Task Group by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 808,976 shares of the information technology services provider’s stock valued at $4,522,000 after purchasing an additional 2,400 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Computer Task Group by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 761,652 shares of the information technology services provider’s stock valued at $4,258,000 after purchasing an additional 7,570 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Computer Task Group by 93.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 80,160 shares of the information technology services provider’s stock valued at $442,000 after purchasing an additional 38,719 shares during the period. Northern Trust Corp lifted its stake in shares of Computer Task Group by 4.2% in the 2nd quarter. Northern Trust Corp now owns 55,589 shares of the information technology services provider’s stock valued at $311,000 after purchasing an additional 2,247 shares during the period. Finally, Balter Liquid Alternatives LLC acquired a new position in shares of Computer Task Group in the 2nd quarter valued at $117,000. Hedge funds and other institutional investors own 45.69% of the company’s stock.

Several analysts recently commented on CTG shares. Zacks Investment Research downgraded Computer Task Group from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. TheStreet raised Computer Task Group from a “d+” rating to a “c” rating in a research note on Tuesday, October 24th. Finally, B. Riley set a $9.00 price objective on Computer Task Group and gave the stock a “buy” rating in a research note on Monday, October 23rd.

Shares of Computer Task Group, Inc. (NASDAQ:CTG) opened at $5.01 on Friday. The company has a market capitalization of $77.46, a price-to-earnings ratio of 21.74, a P/E/G ratio of 2.27 and a beta of 1.23. Computer Task Group, Inc. has a 12 month low of $4.14 and a 12 month high of $6.33.

Computer Task Group (NASDAQ:CTG) last released its earnings results on Tuesday, October 24th. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). The firm had revenue of $74.04 million for the quarter, compared to the consensus estimate of $75.80 million. Computer Task Group had a return on equity of 4.50% and a net margin of 0.78%. Computer Task Group’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the company posted $0.04 EPS. equities research analysts predict that Computer Task Group, Inc. will post 0.22 earnings per share for the current year.

Computer Task Group declared that its board has initiated a share buyback program on Tuesday, October 24th that permits the company to buyback $10.00 million in shares. This buyback authorization permits the information technology services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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Computer Task Group Profile

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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