Computer Task Group, Incorporated (NASDAQ:CTG) issued its quarterly earnings results on Tuesday, July 25th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01, Morningstar.com reports. Computer Task Group, had a positive return on equity of 4.27% and a negative net margin of 4.50%. The firm had revenue of $75.50 million during the quarter, compared to analyst estimates of $78.05 million. During the same period last year, the company earned $0.05 EPS. Computer Task Group,’s quarterly revenue was down 9.6% compared to the same quarter last year. Computer Task Group, updated its Q3 guidance to $0.04-0.06 EPS and its FY17 guidance to $0.22-0.26 EPS.

Shares of Computer Task Group, (NASDAQ CTG) remained flat at $5.11 during midday trading on Friday. 43,619 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $5.50 and its 200-day moving average price is $5.53. The stock’s market cap is $80.22 million. Computer Task Group, has a 52-week low of $3.87 and a 52-week high of $6.33.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in Computer Task Group, by 13.3% in the second quarter. Wells Fargo & Company MN now owns 17,785 shares of the information technology services provider’s stock worth $100,000 after buying an additional 2,092 shares during the period. Balter Liquid Alternatives LLC purchased a new position in Computer Task Group, during the second quarter worth approximately $117,000. JPMorgan Chase & Co. boosted its position in 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 worth $132,000 after buying an additional 4,262 shares during the period. Algert Global LLC purchased a new position in Computer Task Group, during the second quarter worth approximately $141,000. Finally, Brandes Investment Partners LP boosted 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 last quarter. Institutional investors own 47.20% of the company’s stock.

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.

Earnings History for Computer Task Group, (NASDAQ:CTG)

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