Federated Hermes Inc. increased its holdings in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 468,758 shares of the company's stock after acquiring an additional 14,120 shares during the quarter. Federated Hermes Inc. owned about 3.14% of TruBridge worth $9,244,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. AlphaQuest LLC purchased a new stake in shares of TruBridge in the fourth quarter valued at about $66,000. FMR LLC purchased a new stake in shares of TruBridge during the 3rd quarter valued at approximately $85,000. EMC Capital Management lifted its holdings in TruBridge by 2,704.0% in the fourth quarter. EMC Capital Management now owns 5,608 shares of the company's stock valued at $111,000 after acquiring an additional 5,408 shares during the last quarter. Barclays PLC acquired a new stake in TruBridge during the third quarter worth $150,000. Finally, R Squared Ltd acquired a new position in shares of TruBridge in the 4th quarter valued at $154,000. Hedge funds and other institutional investors own 88.64% of the company's stock.
Insider Activity at TruBridge
In related news, CEO Christopher L. Fowler sold 5,100 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $27.02, for a total transaction of $137,802.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Pinetree Capital Ltd. acquired 6,795 shares of the business's stock in a transaction 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 acquisition, 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 position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 116,728 shares of company stock worth $3,239,879. Company insiders own 10.70% of the company's stock.
TruBridge Stock Down 0.7 %
Shares of NASDAQ TBRG traded down $0.16 during midday trading on Monday, hitting $24.22. The company's stock had a trading volume of 139,127 shares, compared to its average volume of 130,649. TruBridge, Inc. has a 1 year low of $7.61 and a 1 year high of $32.00. The business's fifty day simple moving average is $27.44 and its two-hundred day simple moving average is $20.86. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78. The firm has a market capitalization of $362.06 million, a price-to-earnings ratio of -5.92, a price-to-earnings-growth ratio of 5.38 and a beta of 0.64.
Wall Street Analyst Weigh In
TBRG has been the topic of a number of recent analyst reports. Cantor Fitzgerald upped their target price on shares of TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Stephens restated an "equal weight" rating and issued a $28.00 price objective on shares of TruBridge in a report on Thursday.
Get Our Latest Research Report on TBRG
About TruBridge
(
Free Report)
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.
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