Fmr LLC Purchases New Position in TruBridge, Inc. (NASDAQ:TBRG)

Fmr LLC acquired a new stake in TruBridge, Inc. (NASDAQ:TBRG) in the third quarter, Holdings Channel.com reports. The firm acquired 7,071 shares of the company’s stock, valued at approximately $85,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in shares of TruBridge during the 3rd quarter valued at $389,000. Charles Schwab Investment Management Inc. bought a new stake in shares of TruBridge in the 3rd quarter valued at about $875,000. GAMMA Investing LLC purchased a new position in shares of TruBridge in the third quarter valued at about $26,000. Oppenheimer Asset Management Inc. bought a new position in TruBridge in the 3rd quarter worth $309,000. Finally, CacheTech Inc. purchased a new position in TruBridge during the third quarter valued at $2,875,000. Institutional investors own 88.64% of the company’s stock.

Wall Street Analyst Weigh In

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

TruBridge Stock Up 2.6 %

Shares of NASDAQ TBRG opened at $18.66 on Tuesday. The stock has a market capitalization of $278.50 million, a PE ratio of -4.56, a price-to-earnings-growth ratio of 70.25 and a beta of 0.69. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. TruBridge, Inc. has a 12-month low of $7.55 and a 12-month high of $18.84. The stock’s fifty day simple moving average is $15.68 and its two-hundred day simple moving average is $12.96.

Insider Activity at TruBridge

In related news, Director Mark V. Anquillare purchased 2,500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was acquired 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 owns 17,178 shares in the company, valued at approximately $288,762.18. This represents a 17.03 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Pinetree Capital Ltd. acquired 3,997 shares of TruBridge stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average price of $11.93 per share, with a total value of $47,684.21. Following the completion of the purchase, the insider now owns 603,997 shares of the company’s stock, valued at approximately $7,205,684.21. The trade was a 0.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.

About TruBridge

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.