TruBridge, Inc. $TBRG Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. increased its position in TruBridge, Inc. by 177.7% in Q1, owning 151,489 shares valued at approximately $4.17 million.
• Institutional investors collectively hold 88.64% of TruBridge's stock, with several large investors recently adjusting their stakes in the company.
• TruBridge's stock price has seen fluctuations, with a current market cap of $300.05 million and a price-to-earnings ratio of -23.80.

Invesco Ltd. lifted its holdings in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 177.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 151,489 shares of the company's stock after buying an additional 96,931 shares during the period. Invesco Ltd. owned 1.01% of TruBridge worth $4,169,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TBRG. Renaissance Technologies LLC bought a new stake in shares of TruBridge during the 4th quarter valued at about $335,000. Barclays PLC grew its position in shares of TruBridge by 218.5% during the 4th quarter. Barclays PLC now owns 39,996 shares of the company's stock valued at $789,000 after buying an additional 27,437 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of TruBridge by 12.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 348,941 shares of the company's stock valued at $6,881,000 after buying an additional 38,902 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of TruBridge by 47.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock valued at $43,000 after buying an additional 699 shares during the last quarter. Finally, Susquehanna International Group LLP grew its position in shares of TruBridge by 343.6% during the 4th quarter. Susquehanna International Group LLP now owns 209,871 shares of the company's stock valued at $4,139,000 after buying an additional 162,560 shares during the last quarter. Institutional investors own 88.64% of the company's stock.

TruBridge Stock Performance

NASDAQ TBRG traded down $0.03 on Wednesday, hitting $19.96. The stock had a trading volume of 3,248 shares, compared to its average volume of 162,999. TruBridge, Inc. has a one year low of $11.39 and a one year high of $32.00. The company has a quick ratio of 1.79, a current ratio of 1.80 and a debt-to-equity ratio of 0.94. The stock has a market cap of $299.52 million, a price-to-earnings ratio of -23.71 and a beta of 0.55. The company's 50-day moving average is $21.37 and its two-hundred day moving average is $24.28.

TruBridge Company 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.