D. E. Shaw & Co. Inc. Purchases 16,821 Shares of TruBridge, Inc. (NASDAQ:TBRG)

D. E. Shaw & Co. Inc. boosted its position in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,539 shares of the company's stock after buying an additional 16,821 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 1.46% of TruBridge worth $4,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Covestor Ltd increased its position in TruBridge by 20.5% in the fourth quarter. Covestor Ltd now owns 2,819 shares of the company's stock worth $56,000 after buying an additional 479 shares during the last quarter. Cubist Systematic Strategies LLC increased its position in TruBridge by 2.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 26,202 shares of the company's stock worth $517,000 after buying an additional 514 shares during the last quarter. Tower Research Capital LLC TRC increased its position in TruBridge by 47.5% in the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position in TruBridge by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 73,879 shares of the company's stock worth $1,457,000 after buying an additional 716 shares during the last quarter. Finally, Trexquant Investment LP increased its position in TruBridge by 14.4% in the fourth quarter. Trexquant Investment LP now owns 16,760 shares of the company's stock worth $331,000 after buying an additional 2,112 shares during the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Christopher L. Fowler sold 5,100 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 142,939 shares in the company, valued at $3,862,211.78. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.70% of the stock is owned by company insiders.

TruBridge Stock Performance

Shares of NASDAQ TBRG traded up $0.04 during mid-day trading on Friday, hitting $23.73. The company had a trading volume of 310,679 shares, compared to its average volume of 128,860. The company has a market capitalization of $356.50 million, a price-to-earnings ratio of -5.80, a P/E/G ratio of 5.38 and a beta of 0.65. TruBridge, Inc. has a 1 year low of $8.99 and a 1 year 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's 50-day moving average price is $25.66 and its 200-day moving average price is $23.30.

TruBridge (NASDAQ:TBRG - Get Free Report) last announced 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). TruBridge had a negative net margin of 17.72% and a positive return on equity of 1.78%. The company had revenue of $87.21 million during the quarter, compared to analysts' expectations of $86.21 million. On average, sell-side analysts forecast that TruBridge, Inc. will post 0.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TBRG has been the subject of several recent research reports. Cantor Fitzgerald lifted their price target on TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Stephens reiterated an "equal weight" rating and issued a $28.00 price target 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.