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Computer Task (CTG)

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
SEC CIK
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

Calendar

8 Aug 22
9 Aug 22
31 Dec 22
Quarter (USD) Jul 22 Apr 22 Dec 21 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
55.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 42 49 -14.3%
Opened positions 2 7 -71.4%
Closed positions 9 6 +50.0%
Increased positions 8 6 +33.3%
Reduced positions 17 19 -10.5%
13F shares Current Prev Q Change
Total value 81.62M 88.45M -7.7%
Total shares 8.53M 8.76M -2.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Minerva Advisors 1.22M $11.9M -0.6%
Royce & Associates 1.15M $11.26M +0.7%
Dimensional Fund Advisors 964.87K $9.43M +1.0%
Renaissance Technologies 905.29K $8.85M -6.3%
Vanguard 846.39K $8.27M +27.3%
Ags SPV I 624.91K $4.39M 0.0%
Lewis Capital Management 364.34K $3.56M +2.6%
Granahan Investment Management 355.86K $3.48M -41.7%
BLK Blackrock 282.31K $2.76M -0.4%
Acadian Asset Management 279.01K $2.72M 0.0%
Largest transactions Shares Bought/sold Change
Granahan Investment Management 355.86K -255.05K -41.7%
Vanguard 846.39K +181.32K +27.3%
Renaissance Technologies 905.29K -60.7K -6.3%
Arrowstreet Capital, Limited Partnership 79.99K -21.18K -20.9%
Walleye Capital 0 -14.85K EXIT
Millennium Management 0 -13.97K EXIT
Connor, Clark & Lunn Investment Management 0 -13.14K EXIT
LPLA LPL Financial 0 -10.08K EXIT
Dimensional Fund Advisors 964.87K +9.41K +1.0%
Lewis Capital Management 364.34K +9.21K +2.6%

Financial report summary

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Competition
Perficient
Risks
  • 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

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: August, diminished, factored, idle, participated, reduced, stop