TruBridge (NASDAQ:TBRG) Price Target Raised to $28.00 at Stephens

TruBridge (NASDAQ:TBRG) had its price objective hoisted by Stephens from $23.00 to $28.00 in a report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

TBRG has been the subject of a number of other research reports. Cantor Fitzgerald upped their price objective on TruBridge from $20.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday. Barclays upped 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.

TruBridge Stock Performance

NASDAQ:TBRG opened at $29.42 on Tuesday. The firm has a market capitalization of $439.09 million, a PE ratio of -7.19, 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. The stock has a 50-day simple moving average of $25.27 and a two-hundred day simple moving average of $18.34. TruBridge has a 52-week low of $7.61 and a 52-week high of $32.00.

Insider Buying and Selling

In other news, major shareholder Pinetree Capital Ltd. bought 34,952 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average cost of $27.99 per share, for a total transaction of $978,306.48. Following the completion of the transaction, the insider now owns 768,250 shares of the company’s stock, valued at approximately $21,503,317.50. This represents a 4.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders have bought 116,728 shares of company stock worth $3,239,879. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On TruBridge

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP raised its position in TruBridge by 15.1% during the fourth quarter. Two Sigma Advisers LP now owns 104,500 shares of the company’s stock valued at $2,061,000 after purchasing an additional 13,700 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in TruBridge during the fourth quarter valued at approximately $211,000. Forest Hill Capital LLC raised its position in TruBridge by 5.3% during the fourth quarter. Forest Hill Capital LLC now owns 148,184 shares of the company’s stock valued at $2,922,000 after purchasing an additional 7,500 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of TruBridge by 8.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 217,539 shares of the company’s stock worth $4,290,000 after buying an additional 16,821 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of TruBridge by 2.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 26,202 shares of the company’s stock worth $517,000 after buying an additional 514 shares during the period. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

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.