TruBridge, Inc. (NASDAQ:TBRG) CEO Sells $137,802.00 in Stock

TruBridge, Inc. (NASDAQ:TBRG) CEO Christopher L. Fowler sold 5,100 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $27.02, for a total value of $137,802.00. Following the sale, the chief executive officer now directly owns 142,939 shares in the company, valued at $3,862,211.78. This trade represents a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

TruBridge Stock Up 4.4 %

NASDAQ:TBRG traded up $1.18 during trading hours on Monday, hitting $28.10. 147,975 shares of the company’s stock traded hands, compared to its average volume of 126,135. The stock’s fifty day moving average price is $25.72 and its two-hundred day moving average price is $18.67. The firm has a market cap of $419.39 million, a P/E ratio of -6.87, a P/E/G ratio of 5.38 and a beta of 0.71. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. TruBridge, Inc. has a twelve month low of $7.61 and a twelve month high of $32.00.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Cantor Fitzgerald lifted their price target on TruBridge from $20.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Stephens boosted their price target on shares of TruBridge from $23.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, March 11th.

Hedge Funds Weigh In On TruBridge

Institutional investors and hedge funds have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC purchased a new position in TruBridge during the third quarter valued at approximately $5,934,000. Federated Hermes Inc. boosted its stake in shares of TruBridge by 3.1% during the 4th quarter. Federated Hermes Inc. now owns 468,758 shares of the company’s stock valued at $9,244,000 after buying an additional 14,120 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of TruBridge by 12.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 348,941 shares of the company’s stock valued at $6,881,000 after acquiring an additional 38,902 shares in the last quarter. Truffle Hound Capital LLC acquired a new position in shares of TruBridge in the fourth quarter worth $5,916,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of TruBridge by 8.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 217,539 shares of the company’s stock worth $4,290,000 after acquiring an additional 16,821 shares in the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

TruBridge Company Profile

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.