Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 13,457 TruBridge, Inc. (NASDAQ:TBRG)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired around 13,457 shares of TruBridge, Inc., valued at approximately $370,000, representing a 0.09% ownership as of the last quarter.
• Major institutional investors, including Federated Hermes and Susquehanna International Group, have also increased their stakes in TruBridge, with 88.64% of the stock currently held by institutional investors.
• TruBridge reported a $0.29 EPS for the recent quarter, falling short of expectations of $0.37, despite achieving revenue of $87.21 million that surpassed analyst estimates.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,457 shares of the company's stock, valued at approximately $370,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of TruBridge at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Federated Hermes Inc. increased its holdings in shares of TruBridge by 3.1% during the 4th quarter. Federated Hermes Inc. now owns 468,758 shares of the company's stock worth $9,244,000 after acquiring an additional 14,120 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in TruBridge by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 348,941 shares of the company's stock worth $6,881,000 after purchasing an additional 38,902 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in shares of TruBridge by 8.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 217,539 shares of the company's stock valued at $4,290,000 after purchasing an additional 16,821 shares during the last quarter. Susquehanna International Group LLP lifted its stake 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 worth $4,139,000 after buying an additional 162,560 shares during the last quarter. Finally, Forest Hill Capital LLC lifted its stake in shares of TruBridge by 5.3% during the 4th quarter. Forest Hill Capital LLC now owns 148,184 shares of the company's stock worth $2,922,000 after buying an additional 7,500 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company's stock.

TruBridge Stock Performance

Shares of TruBridge stock traded up $0.44 during trading on Wednesday, reaching $21.33. The company's stock had a trading volume of 96,136 shares, compared to its average volume of 154,939. TruBridge, Inc. has a 52 week low of $9.83 and a 52 week high of $32.00. The firm has a market cap of $320.38 million, a PE ratio of 696.33 and a beta of 0.59. The business's 50-day moving average price is $22.85 and its 200-day moving average price is $24.99. The company has a quick ratio of 1.68, a current ratio of 1.69 and a debt-to-equity ratio of 0.98.

TruBridge (NASDAQ:TBRG - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08). TruBridge had a negative net margin of 5.86% and a positive return on equity of 0.33%. The business had revenue of $87.21 million during the quarter, compared to the consensus estimate of $86.21 million. Equities analysts forecast that TruBridge, Inc. will post 0.07 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Christopher L. Fowler sold 6,000 shares of the firm's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $25.05, for a total value of $150,300.00. Following the transaction, the chief executive officer owned 131,090 shares in the company, valued at approximately $3,283,804.50. This trade represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Stephens reissued an "equal weight" rating and issued a $28.00 price target on shares of TruBridge in a report on Thursday, April 10th.

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.