Trustmark National Bank Trust Department Makes New Investment in TruBridge, Inc. (NASDAQ:TBRG)

Trustmark National Bank Trust Department bought a new stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 46,800 shares of the company's stock, valued at approximately $560,000. Trustmark National Bank Trust Department owned 0.31% of TruBridge as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. CacheTech Inc. acquired a new position in shares of TruBridge during the 3rd quarter worth approximately $2,875,000. Rice Hall James & Associates LLC bought a new position in shares of TruBridge during the 3rd quarter valued at about $1,143,000. Cubist Systematic Strategies LLC bought a new position in shares of TruBridge in the 2nd quarter worth approximately $740,000. GSA Capital Partners LLP purchased a new position in shares of TruBridge in the 3rd quarter worth $389,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of TruBridge in the second quarter worth about $297,000. 88.64% of the stock is owned by institutional investors and hedge funds.

TruBridge Stock Performance

NASDAQ:TBRG traded up $0.53 during trading hours on Friday, hitting $16.54. 54,699 shares of the company traded hands, compared to its average volume of 146,180. The firm has a 50-day moving average of $13.16 and a 200 day moving average of $11.56. TruBridge, Inc. has a twelve month low of $7.55 and a twelve month high of $16.80. The stock has a market capitalization of $246.94 million, a price-to-earnings ratio of -4.04, a P/E/G ratio of 36.40 and a beta of 0.61. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00.

Insider Activity at TruBridge

In other TruBridge news, major shareholder Pinetree Capital Ltd. bought 3,997 shares of the business's stock in a transaction on Wednesday, October 2nd. The stock was bought at an average price of $11.93 per share, with a total value of $47,684.21. Following the completion of the purchase, the insider now directly owns 603,997 shares in the company, valued at $7,205,684.21. The trade was a 0.67 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TBRG shares. Barclays upped their target price 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. Stephens increased their price target on TruBridge from $13.00 to $17.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Royal Bank of Canada reiterated an "outperform" rating and set a $14.00 price objective on shares of TruBridge in a report on Tuesday, September 17th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $13.00 price target on shares of TruBridge in a research note on Friday, October 4th.

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.