CTG is a leading provider of digital transformation solutions and services that accelerate clients' project momentum and achievement of their desired IT and business outcomes. We have earned a reputation as a reliable, results-driven partner focused on improved data-driven decision-making, meaningful business performance improvements, new and enhanced customer experiences, and continuous innovation. CTG has operations in North America, South America, Western Europe, and India.

Company profile
Ticker
CTG
Exchange
Website
CEO
Filip J. L. Gydé
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Computer Task Group • CTG of Buffalo, Inc. • Computer Task Group of Canada, Inc. • Computer Task Group International, Inc. • Group International ...
IRS number
160912632
CTG stock data
Press releases
CTG Reports 11% Net Income Growth on Lower Revenue in Second Quarter 2022 as Strong Execution of Strategy Drives Strengthened Margin Profile
4 Aug 22
CTG Announces Second Quarter 2022 Financial Results Conference Call and Webcast
21 Jul 22
CTG to Present and Host Investor Meetings at the 12th Annual East Coast IDEAS Investor Conference
9 Jun 22
CTG Continues to Execute Strategy to Build Leading Digital Solutions Enterprise; Names Scott Clark Vice President, North America Sales
16 May 22
Calendar
8 Aug 22
9 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jul 22 | Apr 22 | Dec 21 | Oct 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 35.48M | 35.48M | 35.48M | 35.48M | 35.48M | 35.48M |
Cash burn (monthly) | 1.08M | (no burn) | (no burn) | (no burn) | 524.67K | (no burn) |
Cash used (since last report) | 1.42M | n/a | n/a | n/a | 686.84K | n/a |
Cash remaining | 34.06M | n/a | n/a | n/a | 34.79M | n/a |
Runway (months of cash) | 31.5 | n/a | n/a | n/a | 66.3 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Jun 22 | Valerie Rahmani | common stock | Grant | Acquire A | No | No | 9.22 | 2,440 | 22.5K | 144,158 |
17 Jun 22 | III James R Helvey | common stock | Grant | Acquire A | No | No | 9.22 | 2,440 | 22.5K | 164,735 |
17 Jun 22 | David H Klein | common stock | Grant | Acquire A | No | No | 9.22 | 2,440 | 22.5K | 166,403 |
17 Jun 22 | Kathryn A Stein | common stock | Grant | Acquire A | No | No | 9.22 | 2,440 | 22.5K | 9,750 |
17 Jun 22 | Raj Rajgopal | Common stock | Grant | Acquire A | No | No | 9.22 | 2,440 | 22.5K | 19,455 |
Institutional ownership, Q1 2022
55.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 42 |
Opened positions | 2 |
Closed positions | 9 |
Increased positions | 8 |
Reduced positions | 17 |
13F shares | Current |
---|---|
Total value | 81.62M |
Total shares | 8.53M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Minerva Advisors | 1.22M | $11.9M |
Royce & Associates | 1.15M | $11.26M |
Dimensional Fund Advisors | 964.87K | $9.43M |
Renaissance Technologies | 905.29K | $8.85M |
Vanguard | 846.39K | $8.27M |
Ags SPV I | 624.91K | $4.39M |
Lewis Capital Management | 364.34K | $3.56M |
Granahan Investment Management | 355.86K | $3.48M |
BLK Blackrock | 282.31K | $2.76M |
Acadian Asset Management | 279.01K | $2.72M |
Financial report summary
?Competition
PerficientRisks
- Our business depends on the availability of a large number of highly qualified IT professionals, sales and management personnel, and our ability to recruit and retain these individuals.
- Changing economic conditions and the effect of such changes on accounting estimates could have a material impact on our results of operations.
- Our business is subject to economic, political, regulatory and other risks beyond our control associated with domestic and international operations which could have an adverse effect on our operating results if we are unable to mitigate or hedge these risks.
Management Discussion
- The table below sets forth data as contained in the condensed consolidated statements of income with the percentage information calculated as a percentage of consolidated revenue.
- The Company’s strategic plan includes investing in IT solutions-based business development, marketing and solutions resources as part of a concerted effort to increase the mix of solutions services within its total revenue. Generally, solutions services have much higher bill rates and produce higher profits than IT staffing services. Additionally,
- within solutions, the Company is focused on expanding the digital solutions it provides, including cloud related activities, robotic process automation and artificial intelligence, in response to the demand in the end markets where services are provided. Finally, as a third part of its plan, the Company is focused on disengaging from its lowest margin staffing business, which are included in the Non-Strategic Technology Services segment.
Content analysis
?Positive | ||
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Uncertain | ||
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Legalese | ||
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Readability |
H.S. sophomore Avg
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New words:
accelerating, arise, arising, audited, certainty, chain, Colombia, Committee, commonly, comparison, conduct, conflict, consumer, delay, disruption, disruptive, duration, employment, exacerbated, experiencing, expose, extent, fewer, FOMC, growing, harm, hire, hiring, inability, inflation, inflationary, instance, lack, lingering, medical, military, mitigate, mitigated, nominal, Open, ordinary, outcome, persist, rapidly, recession, referendum, reputation, respond, rulemaking, Russia, scope, source, spending, stable, Supplementary, terrorist, turnover, Ukraine, unable, unknown, wage, Western, widespread, win
Removed:
August, diminished, factored, idle, participated, reduced, stop
Financial reports
Current reports
8-K
CTG Reports 11% Net Income Growth on Lower Revenue in Second Quarter 2022 as Strong Execution of Strategy Drives Strengthened Margin Profile
4 Aug 22
8-K
CTG Announces Second Quarter 2022 Financial Results Conference Call and Webcast
21 Jul 22
8-K
CTG Earnings per Share Increased 50% in First Quarter 2022 Despite Planned Lower Revenue as Digital Transformation Drives Improved Earnings Power
10 May 22
8-K
CTG Announces First Quarter 2022 Financial Results Conference Call and Webcast
26 Apr 22
8-K
CTG Partners with VCU Health System to Support
1 Mar 22
8-K
CTG Increased Revenue 11% and Expanded Margins in Fourth Quarter 2021 Driven by Accelerated Transformation to Digital Solutions and Services
22 Feb 22
8-K
CTG Announces Fourth Quarter and Full Year 2021 Financial Results Conference Call and Webcast
11 Feb 22
8-K
CTG Reports Third Quarter 2021 Results
9 Nov 21
8-K
Regulation FD Disclosure
26 Oct 21
8-K
CTG to Announce Third Quarter 2021 Financial Results on November 9
14 Oct 21
Registration and prospectus
S-8
Registration of securities for employees
19 Apr 22
S-8
Registration of securities for employees
17 Dec 20
SC TO-I/A
Issuer tender offer statement (amended)
19 Apr 18
SC TO-I/A
Issuer tender offer statement (amended)
16 Apr 18
SC TO-I/A
Issuer tender offer statement (amended)
12 Apr 18
SC TO-I/A
Issuer tender offer statement (amended)
1 Apr 18
SC TO-I
Issuer tender offer statement
15 Mar 18
SC TO-C
Information about tender offer
14 Feb 18
S-8
Registration of securities for employees
10 Aug 17
S-8
Registration of securities for employees
6 Aug 15
Other
CORRESP
Correspondence with SEC
5 Apr 18
NO ACT
No action letter
16 Jan 17
UPLOAD
Letter from SEC
10 Feb 14
CORRESP
Correspondence with SEC
5 Feb 14
UPLOAD
Letter from SEC
27 Jan 14
CORRESP
Correspondence with SEC
12 Jan 14
CORRESP
Correspondence with SEC
5 Jan 14
UPLOAD
Letter from SEC
18 Dec 13
CORRESP
Correspondence with SEC
5 Dec 13
UPLOAD
Letter from SEC
20 Nov 13
Ownership
11-K
Annual report of employee stock purchases
27 Jun 22
4
COMPUTER TASK / Raj Rajgopal ownership change
21 Jun 22
4
COMPUTER TASK / Kathryn A Stein ownership change
21 Jun 22
4
COMPUTER TASK / David H Klein ownership change
21 Jun 22
4
COMPUTER TASK / III James R Helvey ownership change
21 Jun 22
4
COMPUTER TASK / Valerie Rahmani ownership change
21 Jun 22
4
COMPUTER TASK / THOMAS J NIEHAUS ownership change
1 Jun 22
4
COMPUTER TASK / FILIP J L GYDE ownership change
25 Mar 22
4
COMPUTER TASK / John M Laubacker ownership change
25 Mar 22
4
COMPUTER TASK / THOMAS J NIEHAUS ownership change
25 Mar 22
Transcripts
2022 Q2
Earnings call transcript
7 Aug 22
2022 Q1
Earnings call transcript
14 May 22
2021 Q4
Earnings call transcript
22 Feb 22
2021 Q3
Earnings call transcript
9 Nov 21
2021 Q2
Earnings call transcript
31 Jul 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
23 Feb 21
2020 Q3
Earnings call transcript
20 Oct 20
2020 Q2
Earnings call transcript
21 Jul 20
2020 Q1
Earnings call transcript
21 Apr 20
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Daily Discussion Thread - February 22nd, 2022
22 Feb 22
Daily Discussion Thread - February 21st, 2022
21 Feb 22
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5 Feb 22
(11/9) Tuesday's Pre-Market Stock Movers & News
9 Nov 21
(11/9) Tuesday's Pre-Market Stock Movers & News
9 Nov 21
Daily Discussion Thread - November 9th, 2021
9 Nov 21