Foundry Partners LLC Sells 4550 Shares of Computer Task Group, Incorporated (NASDAQ:CTG) – Defense World
Posted by admin on Jun 26th, 2022 
Foundry Partners LLC cut its stake in shares of Computer Task Group, Incorporated (NASDAQ:CTG – Get Rating) by 2.0% in the 1st quarter, HoldingsChannel reports. The firm owned 225,235 shares of the information technology services provider’s stock after selling 4,550 shares during the period. Foundry Partners LLC’s holdings in Computer Task Group were worth $2,201,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. Fosun International Ltd lifted its position in Computer Task Group by 3.6% during the fourth quarter. Fosun International Ltd now owns 56,837 shares of the information technology services provider’s stock valued at $544,000 after purchasing an additional 2,000 shares during the last quarter. Minerva Advisors LLC lifted its holdings in shares of Computer Task Group by 0.9% in the 4th quarter. Minerva Advisors LLC now owns 1,228,729 shares of the information technology services provider’s stock worth $12,251,000 after acquiring an additional 11,325 shares during the last quarter. Finally, Lewis Capital Management LLC bought a new stake in shares of Computer Task Group in the 4th quarter worth approximately $3,541,000. Institutional investors and hedge funds own 53.00% of the company’s stock.
Shares of CTG opened at $8.79 on Friday. The firm has a market cap of $134.84 million, a price-to-earnings ratio of 9.16, a PEG ratio of 0.63 and a beta of 0.72. Computer Task Group, Incorporated has a fifty-two week low of $6.77 and a fifty-two week high of $10.38. The firm has a 50 day moving average price of $8.97 and a 200-day moving average price of $9.07.
Computer Task Group (NASDAQ:CTG – Get Rating) last issued its earnings results on Tuesday, May 10th. The information technology services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Computer Task Group had a net margin of 3.76% and a return on equity of 11.26%. The company had revenue of $89.42 million for the quarter, compared to the consensus estimate of $93.63 million. During the same period in the previous year, the firm earned $0.13 earnings per share. Equities research analysts forecast that Computer Task Group, Incorporated will post 0.69 EPS for the current year.
Separately, StockNews.com initiated coverage on shares of Computer Task Group in a report on Thursday, June 9th. They issued a “strong-buy” rating for the company.
Computer Task Group Company Profile (Get Rating)
Computer Task Group, Incorporated, together with its subsidiaries, offers information and technology services in North America, South America, Western Europe, and India. It operates through three segments: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services.
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