Deutsche Bank AG decreased its holdings in Computer Task Group, Inc. (NASDAQ:CTG) by 51.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,750 shares of the information technology services provider’s stock after selling 75,636 shares during the period. Deutsche Bank AG’s holdings in Computer Task Group were worth $295,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Alambic Investment Management L.P. bought a new stake in shares of Computer Task Group in the 4th quarter worth $235,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Computer Task Group in the 4th quarter worth $432,000. Crescent Grove Advisors LLC increased its holdings in shares of Computer Task Group by 84.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 196,778 shares of the information technology services provider’s stock worth $803,000 after purchasing an additional 90,000 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Computer Task Group by 3.4% in the 4th quarter. Acadian Asset Management LLC now owns 265,873 shares of the information technology services provider’s stock worth $1,084,000 after purchasing an additional 8,717 shares in the last quarter. Finally, Ancora Advisors LLC increased its holdings in shares of Computer Task Group by 85.1% in the 4th quarter. Ancora Advisors LLC now owns 278,986 shares of the information technology services provider’s stock worth $1,138,000 after purchasing an additional 128,228 shares in the last quarter. 50.20% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the company. TheStreet raised Computer Task Group from a “d+” rating to a “c-” rating in a report on Monday, May 13th. ValuEngine lowered Computer Task Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. B. Riley set a $8.00 target price on Computer Task Group and gave the stock a “buy” rating in a report on Monday, April 22nd. Barrington Research set a $7.00 target price on Computer Task Group and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Zacks Investment Research raised Computer Task Group from a “sell” rating to a “hold” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.00.

Computer Task Group stock opened at $4.30 on Monday. The firm has a market capitalization of $61.39 million, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 0.90 and a beta of 0.53. Computer Task Group, Inc. has a 12 month low of $3.85 and a 12 month high of $8.30. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.93 and a quick ratio of 1.93.

Computer Task Group (NASDAQ:CTG) last released its quarterly earnings results on Thursday, April 18th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. The firm had revenue of $97.24 million for the quarter, compared to the consensus estimate of $93.63 million. Computer Task Group had a positive return on equity of 5.07% and a negative net margin of 0.67%. Equities research analysts forecast that Computer Task Group, Inc. will post 0.33 earnings per share for the current year.

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Computer Task Group Company Profile

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.

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

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