TruBridge, Inc. (NASDAQ:TBRG - Get Free Report) CEO Christopher L. Fowler sold 5,100 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly owns 142,939 shares of the company's stock, valued at approximately $3,862,211.78. This trade represents a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
TruBridge Price Performance
Shares of TruBridge stock traded down $0.26 on Friday, hitting $27.74. The company had a trading volume of 103,601 shares, compared to its average volume of 126,127. The business has a 50-day simple moving average of $26.25 and a 200-day simple moving average of $19.01. 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 company has a market cap of $412.49 million, a PE ratio of -6.74, a PEG ratio of 5.38 and a beta of 0.71. TruBridge, Inc. has a 52 week low of $7.61 and a 52 week high of $32.00.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Stephens boosted their price objective on shares of TruBridge from $23.00 to $28.00 and gave the stock an "equal weight" rating in a report on Tuesday, March 11th. Cantor Fitzgerald boosted their price objective on shares of TruBridge from $20.00 to $29.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th.
Get Our Latest Report on TBRG
Institutional Investors Weigh In On TruBridge
Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in TruBridge by 47.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock worth $43,000 after buying an additional 699 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in TruBridge in the 3rd quarter valued at $33,000. Covestor Ltd grew its stake in TruBridge by 20.5% in the 4th quarter. Covestor Ltd now owns 2,819 shares of the company's stock valued at $56,000 after buying an additional 479 shares during the last quarter. AlphaQuest LLC acquired a new position in TruBridge in the 4th quarter valued at $66,000. Finally, EMC Capital Management grew its position in TruBridge by 2,704.0% in the 4th quarter. EMC Capital Management now owns 5,608 shares of the company's stock worth $111,000 after purchasing an additional 5,408 shares during the last quarter. Hedge funds and other institutional investors own 88.64% of the company's stock.
About TruBridge
(
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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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