Bank of Montreal Can Has $324,000 Stock Holdings in TruBridge, Inc. (NASDAQ:TBRG)

Bank of Montreal Can decreased its stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 61.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,413 shares of the company's stock after selling 26,400 shares during the quarter. Bank of Montreal Can owned approximately 0.11% of TruBridge worth $324,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Truffle Hound Capital LLC purchased a new position in TruBridge in the fourth quarter valued at about $5,916,000. Geode Capital Management LLC bought a new stake in shares of TruBridge in the 3rd quarter valued at approximately $1,747,000. State Street Corp bought a new stake in shares of TruBridge in the 3rd quarter valued at approximately $829,000. JPMorgan Chase & Co. increased its holdings in TruBridge by 73.4% in the third quarter. JPMorgan Chase & Co. now owns 112,240 shares of the company's stock worth $1,342,000 after buying an additional 47,507 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in TruBridge during the third quarter valued at approximately $400,000. Institutional investors and hedge funds own 88.64% of the company's stock.

TruBridge Stock Performance

TruBridge stock traded down $0.25 during trading hours on Friday, reaching $25.35. 52,630 shares of the company were exchanged, compared to its average volume of 129,743. TruBridge, Inc. has a 12 month low of $7.75 and a 12 month high of $32.00. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. The stock has a 50-day moving average of $26.98 and a 200 day moving average of $21.66. The firm has a market cap of $378.96 million, a price-to-earnings ratio of -6.20, a PEG ratio of 5.38 and a beta of 0.64.

Analysts Set New Price Targets

Several analysts have commented on TBRG shares. Stephens reissued an "equal weight" rating and issued a $28.00 target price on shares of TruBridge in a research report on Thursday, April 10th. Cantor Fitzgerald upped 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.

Insider Transactions at TruBridge

In other TruBridge news, major shareholder Pinetree Capital Ltd. purchased 74,981 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $27.61 per share, for a total transaction of $2,070,225.41. Following the completion of the acquisition, the insider now directly owns 693,981 shares in the company, valued at $19,160,815.41. This represents a 12.11 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher L. Fowler sold 5,100 shares of the firm'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 completion of the sale, the chief executive officer now owns 142,939 shares in the company, valued at approximately $3,862,211.78. The trade was a 3.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders bought 116,728 shares of company stock worth $3,239,879. 10.70% of the stock is owned by insiders.

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.