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Last $7.46 USD
Change Today +0.12 / 1.63%
Volume 55.8K
CTG On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

computer task group inc (CTG) Snapshot

Open
$7.35
Previous Close
$7.34
Day High
$7.48
Day Low
$7.30
52 Week High
07/2/14 - $17.47
52 Week Low
03/17/15 - $7.27
Market Cap
139.9M
Average Volume 10 Days
69.3K
EPS TTM
$0.77
Shares Outstanding
18.7M
EX-Date
03/18/15
P/E TM
9.7x
Dividend
$0.24
Dividend Yield
3.22%
Current Stock Chart for COMPUTER TASK GROUP INC (CTG)

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computer task group inc (CTG) Details

Computer Task Group, Incorporated operates as an information technology (IT) solutions and staffing services company in North America and Europe. Its IT solutions comprise selection and implementation of packaged software; design, development, testing, and integration of new systems; and development and implementation of customized software and solutions. The company implements electronic health records; assists in the start-up and development of health information exchanges for health insurance companies; and offers transitional application management services, including outsourcing support of single or multiple applications, and help desk functions, as well as develops a proprietary software to support the healthcare provider market. Its IT and other staffing solutions include recruiting, retaining, and managing IT and other talent primarily for technology service providers and companies with multiple locations. The company also provides IT services for the healthcare provider market that include clinical systems integration and implementation, application management, technology support for medical imaging, training, and technical resources. It serves healthcare, technology service providers, financial services, and energy markets. The company was founded in 1966 and is headquartered in Buffalo, New York.

3,800 Employees
Last Reported Date: 02/25/15
Founded in 1966

computer task group inc (CTG) Top Compensated Officers

Interim Chief Executive Officer
Total Annual Compensation: $305.0K
Interim Executive Vice President of Operation...
Total Annual Compensation: $305.2K
Senior Vice President
Total Annual Compensation: $269.0K
Compensation as of Fiscal Year 2013.

computer task group inc (CTG) Key Developments

Computer Task Group Inc. Announces Management Changes

Computer Task Group Inc. announced that its Board of Directors has elected Cliff Bleustein to serve as the company's next President and Chief Executive Officer and a member of the Board of Directors with an effective date of April 6, 2015. Concurrent with this appointment, Brendan M. Harrington, Interim CEO, will return to his position as Chief Financial Officer, Filip J.L. Gyde, Interim Executive Vice President of Operations, will return to his position as Senior Vice President and General Manager, CTG Europe, and John M. Laubacker, Interim CFO, will return to his position as Treasurer. Messrs. Harrington, Gyde and Laubacker were appointed to their respective interim positions following the death of CEO James R. Boldt in October 2014. Bleustein, 45, joins CTG from Dell Services, where he has served as Chief Medical Officer and Global Provider Solutions Leader since October 2014. He joined Dell Services in March 2013 as Managing Director & Global Head of Healthcare Consulting and was named Chief Medical Officer and Global Head of Healthcare Consulting in July 2014. Prior to his career at Dell Services, Bleustein was a director in the health industries advisory practice at PricewaterhouseCoopers where between 2009 and 2013 he focused on sales and delivery of PwC's consulting services to healthcare providers.

Computer Task Group Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015; Declares Quarterly Cash Dividend, Payable on April 1, 2015

Computer Task Group Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of $98,266,000 against $102,735,000 a year ago. The decrease in revenue is primarily due to lower revenue in the company's healthcare solutions business. Operating income was $1,636,000 against $6,092,000 a year ago. Income before income taxes was $1,607,000 against $6,010,000 a year ago. Net income was $1,225,000 against $3,704,000 a year ago. Net income per diluted share was $0.08 against $0.22 per share a year ago. Non-GAAP diluted earnings per share were $0.21 per share. The company incurred $679,000 in capital expenditures. cash provided by operations in the fourth quarter was approximately $15.7 million as compared with cash provided from operations of approximately $18.2 million in the 2013 fourth quarter. For the year, the company reported revenue of $393,268,000 against $419,036,000 a year ago. Operating income was $17,152,000 against $24,727,000 a year ago. Income before income taxes was $16,938,000 against $24,339,000 a year ago. Net income was $10,350,000 against $15,679,000 a year ago. Net income per diluted share was $0.64 against $0.92 per share a year ago. Net cash provided by operating activities was $6,708,000 against $18,991,000 a year ago. Non-GAAP diluted earnings per share were $0.77 per share. The company also announced that Board of Directors declared a quarterly cash dividend of $0.06 per common share payable on April 1, 2015 to shareholders of record on March 20, 2015. For the first quarter of 2015, the company expects revenue to be in the range of $97 million - $99 million, net income per diluted share to be in the range of $0.07 - $0.09. For the full year of 2015, the company expects revenue to be in the range of $375 million - $395 million, net income per diluted share to be in the range of $0.35 - $0.45. The significant decreases in the expected earnings per share compared to 2014 are primarily a result of lower revenues and profits from EMR implementations.

Computer Task Group Inc. Announces Amendments to Company's By-Laws

On February 19, 2015, the Board of Directors of Computer Task Group, Incorporated amended the Company's By-laws to provide (i) that the annual meeting of shareholders shall be held at such time and place within or without the State of New York each calendar year on such date and at such time as may be designated by the Board of Directors, (ii) that shareholder nominees provide a written representation and agreement that such nominee would be in compliance, if elected as a director of the Company, and will comply with all publicly disclosed corporate governance, conflict of interest, confidentiality and stock ownership and trading policies and guidelines of the Company; and (iii) that the Board of Directors may appoint a Chairman of the Board of Directors that is not an officer of the Company thereby separating the position of Chairman and Chief Executive Officer.

 

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Industry Analysis

CTG

Industry Average

Valuation CTG Industry Range
Price/Earnings 11.7x
Price/Sales 0.3x
Price/Book 1.2x
Price/Cash Flow 13.5x
TEV/Sales 0.3x
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