Barclays PLC Buys New Position in TruBridge, Inc. (NASDAQ:TBRG)

Barclays PLC purchased a new position in TruBridge, Inc. (NASDAQ:TBRG) during the 3rd quarter, Holdings Channel reports. The fund purchased 12,559 shares of the company’s stock, valued at approximately $150,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC bought a new position in TruBridge in the 3rd quarter worth $26,000. Covestor Ltd purchased a new stake in TruBridge in the third quarter worth about $28,000. First Horizon Advisors Inc. bought a new position in shares of TruBridge in the third quarter worth about $33,000. Point72 DIFC Ltd bought a new position in shares of TruBridge in the second quarter worth about $56,000. Finally, FMR LLC purchased a new position in shares of TruBridge during the 3rd quarter valued at about $85,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Insider Transactions at TruBridge

In other news, Director Mark V. Anquillare acquired 2,500 shares of the business’s stock in a transaction dated 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 directly owns 17,178 shares in the company, valued at approximately $288,762.18. This trade represents a 17.03 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

TBRG has been the subject of several analyst reports. Barclays increased their target price on shares of TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Stephens increased their price objective on shares of TruBridge from $13.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Cantor Fitzgerald restated an “overweight” rating and set a $13.00 target price on shares of TruBridge in a research note on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 target price on shares of TruBridge in a report on Tuesday, September 17th.

TruBridge Trading Down 1.3 %

TBRG stock opened at $20.70 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78. TruBridge, Inc. has a 1-year low of $7.55 and a 1-year high of $21.44. The business has a 50 day simple moving average of $17.19 and a two-hundred day simple moving average of $13.70. The company has a market capitalization of $308.95 million, a price-to-earnings ratio of -5.06, a PEG ratio of 70.25 and a beta of 0.67.

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.