TruBridge, Inc. (NASDAQ:TBRG) Shares Acquired by Barclays PLC

Barclays PLC raised its stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 218.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,996 shares of the company's stock after buying an additional 27,437 shares during the quarter. Barclays PLC owned approximately 0.27% of TruBridge worth $789,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Geode Capital Management LLC acquired a new position in TruBridge during the 3rd quarter worth about $1,747,000. Jane Street Group LLC purchased a new position in shares of TruBridge in the 3rd quarter valued at about $400,000. JPMorgan Chase & Co. grew its stake in TruBridge by 73.4% during the 3rd 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. AlphaQuest LLC purchased a new stake in TruBridge in the 4th quarter valued at $66,000. Finally, Proficio Capital Partners LLC purchased a new stake in TruBridge in the 4th quarter valued at $286,000. Institutional investors and hedge funds own 88.64% of the company's stock.

TruBridge Trading Up 0.6%

Shares of TruBridge stock traded up $0.14 during mid-day trading on Monday, hitting $24.95. 32,273 shares of the stock were exchanged, compared to its average volume of 127,979. TruBridge, Inc. has a twelve month low of $8.74 and a twelve month high of $32.00. The stock has a market capitalization of $372.98 million, a price-to-earnings ratio of -6.11, a price-to-earnings-growth ratio of 5.38 and a beta of 0.65. The company has a 50-day simple moving average of $26.35 and a 200 day simple moving average of $22.62. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00.

TruBridge (NASDAQ:TBRG - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.08). The business had revenue of $87.21 million during the quarter, compared to analyst estimates of $86.21 million. TruBridge had a negative net margin of 17.72% and a positive return on equity of 1.78%. Research analysts forecast that TruBridge, Inc. will post 0.07 EPS for the current year.

Insiders Place Their Bets

In other TruBridge news, major shareholder Pinetree Capital Ltd. purchased 74,981 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average price of $27.61 per share, for a total transaction of $2,070,225.41. Following the completion of the acquisition, the insider now owns 693,981 shares of the company's stock, valued at approximately $19,160,815.41. This represents a 12.11% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher L. Fowler sold 5,100 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $27.02, for a total transaction of $137,802.00. Following the completion of the transaction, the chief executive officer now owns 142,939 shares in the company, valued at $3,862,211.78. The trade was a 3.45% decrease in their position. The disclosure for this sale can be found here. Insiders bought 116,728 shares of company stock worth $3,239,879 over the last three months. 10.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Cantor Fitzgerald lifted their target price on TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Stephens reiterated an "equal weight" rating and set a $28.00 target price on shares of TruBridge in a research report on Thursday, April 10th.

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.