TruBridge, Inc. (NASDAQ:TBRG) Director Mark V. Anquillare Purchases 2,500 Shares

TruBridge, Inc. (NASDAQ:TBRG) Director Mark V. Anquillare acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of $16.81 per share, for a total transaction of $42,025.00. Following the completion of the transaction, the director now owns 17,178 shares in the company, valued at $288,762.18. The trade was a 17.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

TruBridge Price Performance

Shares of TruBridge stock opened at $16.93 on Wednesday. The stock has a 50-day moving average price of $13.33 and a 200 day moving average price of $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 company has a market cap of $252.76 million, a P/E ratio of -4.12, 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 $17.42.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TBRG shares. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 price objective on shares of TruBridge in a report on Tuesday, September 17th. Barclays boosted their price objective on TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of TruBridge in a research note on Friday, October 4th. Finally, Stephens upped their price target on TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th.

Hedge Funds Weigh In On TruBridge

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in TruBridge during the second quarter valued at $297,000. Cubist Systematic Strategies LLC bought a new stake in shares of TruBridge in the 2nd quarter valued at approximately $740,000. Point72 DIFC Ltd acquired a new position in TruBridge in the second quarter worth approximately $56,000. GAMMA Investing LLC acquired a new stake in TruBridge in the third quarter valued at approximately $26,000. Finally, Williams & Novak LLC bought a new stake in TruBridge in the third quarter worth approximately $234,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

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.