Charles Schwab Investment Management Inc. Has $1.46 Million Stock Position in TruBridge, Inc. (NASDAQ:TBRG)

Charles Schwab Investment Management Inc. grew its holdings in shares of TruBridge, Inc. (NASDAQ:TBRG) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 73,879 shares of the company’s stock after acquiring an additional 716 shares during the period. Charles Schwab Investment Management Inc. owned about 0.49% of TruBridge worth $1,457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC bought a new stake in shares of TruBridge in the 3rd quarter valued at about $85,000. EMC Capital Management raised its position in shares of TruBridge by 2,704.0% during the fourth quarter. EMC Capital Management now owns 5,608 shares of the company’s stock worth $111,000 after acquiring an additional 5,408 shares during the last quarter. Barclays PLC acquired a new position in shares of TruBridge in the third quarter worth approximately $150,000. XTX Topco Ltd bought a new stake in TruBridge in the third quarter valued at approximately $154,000. Finally, R Squared Ltd acquired a new stake in TruBridge during the 4th quarter valued at approximately $154,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TBRG has been the topic of a number of recent analyst reports. Stephens boosted their price target on shares of TruBridge from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 11th. Cantor Fitzgerald lifted their target price on shares of TruBridge from $20.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th.

TruBridge Trading Down 1.5 %

NASDAQ TBRG opened at $28.11 on Friday. The stock has a market capitalization of $418.00 million, a P/E ratio of -6.87, a P/E/G ratio of 5.38 and a beta of 0.71. The business has a 50 day simple moving average of $27.02 and a 200 day simple moving average of $19.73. 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 one year low of $7.61 and a one year high of $32.00.

Insiders Place Their Bets

In related news, CEO Christopher L. Fowler sold 5,100 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $27.02, for a total transaction of $137,802.00. Following the transaction, the chief executive officer now owns 142,939 shares in the company, valued at $3,862,211.78. The trade was a 3.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Pinetree Capital Ltd. bought 6,795 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $28.16 per share, for a total transaction of $191,347.20. Following the completion of the purchase, the insider now owns 729,176 shares of the company’s stock, valued at $20,533,596.16. This represents a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 116,728 shares of company stock worth $3,239,879. Corporate insiders own 3.60% of the company’s stock.

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.