Univest of Pennsylvania (UVSP) Forms $28.45 Double Bottom; Computer Task Group, (CTG) Covered By 3 Bulls

June 26, 2018 - By John Hoffman

Computer Task Group, Incorporated (NASDAQ:CTG) Logo

Univest Corporation of Pennsylvania (UVSP) formed double bottom with $27.31 target or 4.00% below today’s $28.45 share price. Univest Corporation of Pennsylvania (UVSP) has $836.62M valuation. The stock increased 0.18% or $0.05 during the last trading session, reaching $28.45. About 12,531 shares traded. Univest Corporation of Pennsylvania (NASDAQ:UVSP) has risen 3.85% since June 26, 2017 and is uptrending. It has underperformed by 8.72% the S&P500. Some Historical UVSP News: 25/04/2018 – Univest Corp Pennsylvania 1Q EPS 44c; 11/05/2018 – Maltese Capital Management LLC Exits Position in Univest; 10/04/2018 – Univest Closes Above 50-Day Moving Average: Technicals; 29/05/2018 – Report: Exploring Fundamental Drivers Behind Vivint Solar, Peapack-Gladstone Financial, Madrigal Pharmaceuticals, Univest Corpo; 22/03/2018 Univest Closes Below 50-Day Moving Average: Technicals; 22/04/2018 – DJ Univest Corporation of Pennsylvania, Inst Holders, 1Q 2018 (UVSP); 21/05/2018 – Univest Corporation Declares Second Quarter Dividend

Among 4 analysts covering Computer Task (NASDAQ:CTG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Computer Task had 7 analyst reports since October 23, 2017 according to SRatingsIntel. On Wednesday, February 21 the stock rating was maintained by FBR Capital with “Buy”. Barrington Research upgraded the stock to “Outperform” rating in Friday, June 15 report. FBR Capital maintained Computer Task Group, Incorporated (NASDAQ:CTG) rating on Thursday, February 15. FBR Capital has “Buy” rating and $8.0 target. The stock of Computer Task Group, Incorporated (NASDAQ:CTG) has “Buy” rating given on Monday, October 23 by B. Riley & Co. B. Riley & Co maintained Computer Task Group, Incorporated (NASDAQ:CTG) rating on Wednesday, October 25. B. Riley & Co has “Buy” rating and $8 target. The rating was maintained by FBR Capital on Tuesday, April 17 with “Buy”. See Computer Task Group, Incorporated (NASDAQ:CTG) latest ratings:

15/06/2018 Broker: Barrington Research Old Rating: Market Perform New Rating: Outperform Upgrade
20/04/2018 Broker: Barrington Rating: Hold
17/04/2018 Broker: FBR Capital Rating: Buy New Target: $9.0000 Maintain
21/02/2018 Broker: FBR Capital Rating: Buy New Target: $9.0 Maintain
15/02/2018 Broker: FBR Capital Rating: Buy New Target: $8.0 Maintain

The stock increased 0.07% or $0.0052 during the last trading session, reaching $7.4452. About 4,792 shares traded. Computer Task Group, Incorporated (NASDAQ:CTG) has risen 29.29% since June 26, 2017 and is uptrending. It has outperformed by 16.72% the S&P500. Some Historical CTG News: 30/05/2018 – CTG Announces EIM Advantage™ Solution; 19/04/2018 – Computer Task 1Q Rev $82.8M; 13/04/2018 – COMPUTER TASK GROUP SAYS CO ENTERED INTO FIRST AMENDMENT AGREEMENT AMENDING CREDIT AND SECURITY AGREEMENT DATED DECEMBER 21, 2017 – SEC FILING; 13/04/2018 – COMPUTER TASK GROUP – AMENDMENT AMENDS RESTRICTED PAYMENTS OF CREDIT AGREEMENT DURING ANY PERIOD OF 24 CONSECUTIVE MONTHS ENDING ON OR PRIOR APRIL 13; 19/04/2018 – Computer Task Sees 2Q EPS 5c-EPS 9c; 17/04/2018 – Computer Task Expects Aggregate Cost of $13.4 Million; 19/04/2018 – Computer Task Sees 2018 Adj EPS 30c-Adj EPS 42c; 20/03/2018 – Computer Task to Recommend Eliminating Its Classified Bd Structure, Transitioning to Single Class of Directors to Be Elected Annuall; 17/04/2018 – Computer Task Group, Incorporated Announces Preliminary Results of its Modified “Dutch Auction” Tender Offer; 19/04/2018 – Computer Task Sees 2018 EPS 25c-EPS 37c

Investors sentiment increased to 1.88 in 2018 Q1. Its up 0.38, from 1.5 in 2017Q4. It is positive, as 4 investors sold Computer Task Group, Incorporated shares while 13 reduced holdings. 19 funds opened positions while 13 raised stakes. 7.64 million shares or 11.26% more from 6.86 million shares in 2017Q4 were reported. Menta Capital has invested 0.05% in Computer Task Group, Incorporated (NASDAQ:CTG). Blackrock reported 318,903 shares or 0% of all its holdings. Tocqueville Asset Management Lp holds 135,000 shares or 0.01% of its portfolio. Fulton Bancorporation Na has 22,600 shares. 33,505 are owned by Macquarie Ltd. New York-based Euclidean Tech Mgmt Llc has invested 1.43% in Computer Task Group, Incorporated (NASDAQ:CTG). Walleye Trading Limited Liability Co owns 31,800 shares. 11,353 were reported by Goldman Sachs. 298,362 are owned by Bridgeway Management. Bailard owns 0.02% invested in Computer Task Group, Incorporated (NASDAQ:CTG) for 33,200 shares. Jpmorgan Chase reported 0% of its portfolio in Computer Task Group, Incorporated (NASDAQ:CTG). Acadian Asset Mngmt Ltd Company invested in 140,355 shares. Northern Tru Corporation, Illinois-based fund reported 56,712 shares. 200 are owned by Bankshares Of America De. Vanguard Grp Inc reported 616,868 shares.

Since March 16, 2018, it had 0 insider purchases, and 1 insider sale for $331,918 activity. 40,000 shares valued at $331,918 were sold by GYDE FILIP J L on Friday, March 16.

More news for Computer Task Group, Incorporated (NASDAQ:CTG) were recently published by: Nasdaq.com, which released: “CTG Announces EIM Advantageâ„¢ Solution” on May 30, 2018. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades, Downgrades For June 15, 2018” and published on June 15, 2018 is yet another important article.

Computer Task Group, Incorporated, together with its subsidiaries, operates as an information technology solutions and staffing services firm in North America, Europe, and India. The company has market cap of $107.00 million. The Company’s IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions designed to fit the needs of a specific client or market; and design and distribution of complex technology components, as well as offers consulting services. It has a 248.17 P/E ratio. The companyÂ’s IT and other staffing solutions include recruiting, retaining, and managing IT and other talent primarily for technology service providers and other companies with multiple locations.

Analysts await Univest Corporation of Pennsylvania (NASDAQ:UVSP) to report earnings on July, 25. They expect $0.47 earnings per share, up 6.82% or $0.03 from last year’s $0.44 per share. UVSP’s profit will be $13.82 million for 15.13 P/E if the $0.47 EPS becomes a reality. After $0.44 actual earnings per share reported by Univest Corporation of Pennsylvania for the previous quarter, Wall Street now forecasts 6.82% EPS growth.

Investors sentiment decreased to 1.36 in Q1 2018. Its down 0.03, from 1.39 in 2017Q4. It dropped, as 12 investors sold Univest Corporation of Pennsylvania shares while 27 reduced holdings. 15 funds opened positions while 38 raised stakes. 17.52 million shares or 3.13% more from 16.99 million shares in 2017Q4 were reported. Ontario – Canada-based Td Asset Mgmt Inc has invested 0% in Univest Corporation of Pennsylvania (NASDAQ:UVSP). Raymond James Svcs Advsr holds 0% or 7,362 shares. Strs Ohio invested in 0% or 14,000 shares. Wellington Gru Ltd Liability Partnership holds 0% of its portfolio in Univest Corporation of Pennsylvania (NASDAQ:UVSP) for 10,722 shares. Pnc Fincl Service owns 17,961 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 1,927 shares. Marshall Wace Llp stated it has 15,000 shares. State Common Retirement Fund has invested 0% of its portfolio in Univest Corporation of Pennsylvania (NASDAQ:UVSP). Bancorp Of Ny Mellon invested in 556,524 shares. Goldman Sachs Group Incorporated accumulated 28,087 shares. Thompson Davis owns 804 shares or 0.06% of their US portfolio. Balyasny Asset Management Ltd Liability Company owns 31,631 shares. Tdam Usa Inc holds 0.04% or 22,547 shares. The Connecticut-based Trexquant Inv Ltd Partnership has invested 0.02% in Univest Corporation of Pennsylvania (NASDAQ:UVSP). Federated Invsts Pa holds 0% or 17,728 shares.

Since March 22, 2018, it had 3 insider buys, and 1 sale for $502,981 activity. $586,000 worth of Univest Corporation of Pennsylvania (NASDAQ:UVSP) was sold by PETRO THOMAS M. On Thursday, March 22 the insider Wonderling Robert C bought $42,000. Another trade for 500 shares valued at $13,569 was made by Zimmerman Charles H on Monday, March 26.

Univest Corporation of Pennsylvania (NASDAQ:UVSP) Institutional Positions Chart