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

NASDAQ

Website

www.ctg.com

CEO

Filip J. L. Gydé

Incorporated

New York

Location

New York

Fiscal year end

Dec 31

Sector

Professional, Scientific, and Technical Services > Custom Computer Programming Services

Industry (SIC)

Services - Computer Programming Services

Cognizant Technology Solutions • Amdocs • Verisign • Thoughtworks Holding • Compass • Formula Systems • Sogou • HashiCorp • Aspen Technology • Synchronoss ...

SEC CIK

0000023111

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

Computer Task Group Earlier Reported Q2 EPS $0.15 Beats $0.12 Estimate, Sales $82.76M Miss $87.36M Estimate

4 Aug 22

Computer Task Group (NASDAQ:CTG) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $0.12 by 25 percent. This is a 15.38 percent increase over earnings of $0.13 per share from the

Recap: Computer Task Group Q2 Earnings

4 Aug 22

Computer Task Group (NASDAQ:CTG) reported its Q2 earnings results on Thursday, August 4, 2022 at 06:55 AM. Here's what investors need to know about the announcement.

Earnings Scheduled For August 4, 2022

4 Aug 22

Companies Reporting Before The Bell • Toyota Motor (NYSE:TM) is projected to report earnings for its first quarter.

Computer Task Group's Return On Invested Capital Overview

8 Jun 22

Press releases

From Benzinga Pro

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

North America IT Solutions and Services revenue grew 21.3%, partially offsetting an intentional decline pursuant to our strategy of $6.1 million in Non-Strategic Technology Services, and a $4.9 million revenue decline

CTG Announces Second Quarter 2022 Financial Results Conference Call and Webcast

21 Jul 22

BUFFALO, N.Y., July 21, 2022 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG) ("Company"), a leader in helping companies employ digital IT solutions and services to drive productivity and profitability in North America and Western

CTG to Present and Host Investor Meetings at the 12th Annual East Coast IDEAS Investor Conference

9 Jun 22

BUFFALO, N.Y., June 09, 2022 (GLOBE NEWSWIRE) -- CTG (NASDAQ:CTG) ("Company"), a leader in helping companies employ digital IT solutions and services to drive productivity and profitability in North America and Western

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

Financial statements Chart CTG financial data

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

Financial data from company earnings reports.

Recent insider trades

CTG insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CTG institutional ownership history Ownership history

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%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Avg

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

From filing 10-Q 2022 Q2

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