OMERS ADMINISTRATION Corp Buys New Shares in TruBridge, Inc. (NASDAQ:TBRG)

OMERS ADMINISTRATION Corp purchased a new stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,700 shares of the company's stock, valued at approximately $211,000. OMERS ADMINISTRATION Corp owned 0.07% of TruBridge at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TBRG. Truffle Hound Capital LLC acquired a new stake in shares of TruBridge in the 4th quarter valued at approximately $5,916,000. Susquehanna International Group LLP raised its position in shares of TruBridge by 343.6% in the 4th quarter. Susquehanna International Group LLP now owns 209,871 shares of the company's stock valued at $4,139,000 after acquiring an additional 162,560 shares during the period. Jane Street Group LLC raised its position in shares of TruBridge by 211.6% in the 4th quarter. Jane Street Group LLC now owns 104,331 shares of the company's stock valued at $2,057,000 after acquiring an additional 70,850 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of TruBridge in the 4th quarter valued at approximately $1,107,000. Finally, JPMorgan Chase & Co. raised its position in shares of TruBridge by 73.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,240 shares of the company's stock valued at $1,342,000 after acquiring an additional 47,507 shares during the period. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Cantor Fitzgerald increased their price target on shares of TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Stephens restated an "equal weight" rating and set a $28.00 target price on shares of TruBridge in a report on Thursday, April 10th.

Insider Transactions at TruBridge

In other news, 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 directly owns 142,939 shares of the company's stock, valued at $3,862,211.78. This trade represents a 3.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.70% of the company's stock.

TruBridge Stock Up 0.2%

TBRG stock traded up $0.04 during mid-day trading on Monday, hitting $23.73. 310,679 shares of the company were exchanged, compared to its average volume of 128,771. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. The firm has a market cap of $356.50 million, a P/E ratio of -5.80, a P/E/G ratio of 5.38 and a beta of 0.65. The firm's 50 day simple moving average is $25.59 and its 200 day simple moving average is $23.51. TruBridge, Inc. has a 1-year low of $8.99 and a 1-year high of $32.00.

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

TruBridge 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.