TruBridge, Inc. (NASDAQ:TBRG) Director Buys $42,025.00 in Stock

TruBridge, Inc. (NASDAQ:TBRG) Director Mark V. Anquillare purchased 2,500 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were purchased at an average price of $16.81 per share, with a total value of $42,025.00. Following the completion of the acquisition, the director now directly owns 17,178 shares of the company’s stock, valued at approximately $288,762.18. This trade represents a 17.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

TruBridge Stock Performance

TBRG opened at $16.93 on Tuesday. The stock’s 50 day simple moving average is $13.33 and its 200-day simple moving average is $11.73. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. The stock has a market cap of $252.76 million, a PE ratio of -4.14, a P/E/G ratio of 36.76 and a beta of 0.61. TruBridge, Inc. has a 1 year low of $7.55 and a 1 year high of $17.14.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stephens increased their target price on TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Barclays raised their price objective on shares of TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $14.00 target price on shares of TruBridge in a research note on Tuesday, September 17th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 price target on shares of TruBridge in a research report on Friday, October 4th.

Institutional Investors Weigh In On TruBridge

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of TruBridge during the 3rd quarter valued at about $26,000. Covestor Ltd acquired a new stake in TruBridge during the third quarter valued at approximately $28,000. First Horizon Advisors Inc. bought a new stake in shares of TruBridge in the 3rd quarter valued at approximately $33,000. Point72 DIFC Ltd acquired a new position in shares of TruBridge in the 2nd quarter worth approximately $56,000. Finally, FMR LLC bought a new position in shares of TruBridge during the 3rd quarter worth approximately $85,000. 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.