Oppenheimer Asset Management Inc. Lowers Stock Holdings in TruBridge, Inc. (NASDAQ:TBRG)

Oppenheimer Asset Management Inc. cut its stake in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 51.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,422 shares of the company's stock after selling 13,393 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.08% of TruBridge worth $245,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TBRG. Hotchkis & Wiley Capital Management LLC acquired a new position in TruBridge during the third quarter worth $5,934,000. Invenomic Capital Management LP acquired a new position in shares of TruBridge during the 3rd quarter worth $2,364,000. Geode Capital Management LLC purchased a new position in shares of TruBridge in the 3rd quarter valued at about $1,747,000. Walleye Capital LLC acquired a new stake in shares of TruBridge in the third quarter valued at about $884,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in TruBridge during the third quarter worth about $875,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TBRG shares. Stephens increased their target price on shares of TruBridge from $13.00 to $17.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. Barclays raised their price objective on TruBridge from $10.00 to $14.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th.

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Insider Activity

In related news, major shareholder Pinetree Capital Ltd. acquired 6,795 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $28.16 per share, for a total transaction of $191,347.20. Following the transaction, the insider now owns 729,176 shares in the company, valued at $20,533,596.16. This trade represents a 0.94 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased 116,728 shares of company stock worth $3,239,879 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

TruBridge Price Performance

TBRG traded down $0.94 during midday trading on Monday, reaching $27.37. 355,140 shares of the company's stock were exchanged, compared to its average volume of 126,478. TruBridge, Inc. has a 1-year low of $7.61 and a 1-year high of $31.67. The stock has a market capitalization of $408.50 million, a PE ratio of -6.69, 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 current ratio of 1.80 and a quick ratio of 1.78. The business's 50-day moving average price is $24.92 and its 200 day moving average price is $18.11.

TruBridge (NASDAQ:TBRG - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.34). TruBridge had a positive return on equity of 1.78% and a negative net margin of 17.72%. As a group, equities analysts anticipate that TruBridge, Inc. will post 0.07 EPS for the current fiscal year.

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.