SageView Advisory Group LLC Invests $664,000 in TruBridge, Inc. (NASDAQ:TBRG)

SageView Advisory Group LLC purchased a new position in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 55,494 shares of the company's stock, valued at approximately $664,000. SageView Advisory Group LLC owned about 0.37% of TruBridge at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TBRG. GAMMA Investing LLC purchased a new position in shares of TruBridge during the third quarter worth about $26,000. Covestor Ltd purchased a new stake in TruBridge in the third quarter valued at approximately $28,000. First Horizon Advisors Inc. purchased a new stake in TruBridge in the third quarter valued at approximately $33,000. Point72 DIFC Ltd purchased a new position in shares of TruBridge during the second quarter worth approximately $56,000. Finally, FMR LLC acquired a new position in shares of TruBridge in the 3rd quarter valued at $85,000. Hedge funds and other institutional investors own 88.64% of the company's stock.

Insider Transactions at TruBridge

In other TruBridge news, major shareholder Pinetree Capital Ltd. bought 3,997 shares of the stock in a transaction on Wednesday, October 2nd. The shares were purchased at an average cost of $11.93 per share, with a total value of $47,684.21. Following the completion of the transaction, the insider now directly owns 603,997 shares of the company's stock, valued at $7,205,684.21. This represents a 0.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark V. Anquillare purchased 2,500 shares of TruBridge stock in a transaction on Monday, November 25th. The stock was bought at an average cost of $16.81 per share, with a total value of $42,025.00. Following the transaction, the director now directly owns 17,178 shares of the company's stock, valued at approximately $288,762.18. The trade was a 17.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company's stock.

TruBridge Trading Up 1.3 %

Shares of TBRG stock traded up $0.23 during trading hours on Friday, reaching $18.32. 82,107 shares of the company's stock were exchanged, compared to its average volume of 58,210. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. TruBridge, Inc. has a 1 year low of $7.55 and a 1 year high of $18.74. The company's 50 day moving average is $14.38 and its two-hundred day moving average is $12.25.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TBRG shares. Stephens upped 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. Cantor Fitzgerald reissued an "overweight" rating and issued a $13.00 target price on shares of TruBridge in a report on Friday, October 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $14.00 price target on shares of TruBridge in a report on Tuesday, September 17th. Finally, Barclays boosted their price objective on shares of TruBridge from $10.00 to $14.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th.

TruBridge Company 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.