12,559 Shares in TruBridge, Inc. (NASDAQ:TBRG) Bought by Barclays PLC

Barclays PLC purchased a new position in shares of TruBridge, Inc. (NASDAQ:TBRG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,559 shares of the company’s stock, valued at approximately $150,000. Barclays PLC owned approximately 0.08% of TruBridge at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TBRG. Geode Capital Management LLC bought a new position in shares of TruBridge during the 3rd quarter worth $1,747,000. XTX Topco Ltd purchased a new stake in TruBridge during the 3rd quarter worth about $154,000. Jane Street Group LLC purchased a new stake in TruBridge during the 3rd quarter worth about $400,000. State Street Corp purchased a new stake in TruBridge during the 3rd quarter worth about $829,000. Finally, SageView Advisory Group LLC purchased a new stake in TruBridge during the 3rd quarter worth about $664,000. Institutional investors own 88.64% of the company’s stock.

Insider Buying and Selling at TruBridge

In related news, Director Mark V. Anquillare bought 2,500 shares of the stock in a transaction dated Monday, November 25th. The shares were purchased 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 of the company’s stock, valued at $288,762.18. This represents a 17.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TBRG shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $13.00 price target on shares of TruBridge in a report on Friday, October 4th. Stephens increased their price objective on TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Barclays increased their price objective on TruBridge from $10.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th.

TruBridge Stock Down 1.8 %

Shares of NASDAQ:TBRG opened at $22.92 on Thursday. The stock has a fifty day simple moving average of $19.07 and a two-hundred day simple moving average of $14.57. The stock has a market capitalization of $342.20 million, a price-to-earnings ratio of -5.60, a PEG ratio of 4.41 and a beta of 0.67. TruBridge, Inc. has a 12-month low of $7.55 and a 12-month high of $23.64. 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 (NASDAQ:TBRG) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.73). TruBridge had a positive return on equity of 1.78% and a negative net margin of 17.72%. The business had revenue of $83.83 million during the quarter, compared to analysts’ expectations of $82.30 million. During the same quarter in the prior year, the firm earned $0.39 EPS. On average, research analysts anticipate that TruBridge, Inc. will post 0.07 earnings per share for the current fiscal year.

TruBridge 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.