13,457 Shares in TruBridge, Inc. (NASDAQ:TBRG) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in TruBridge by 47.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock worth $43,000 after acquiring an additional 699 shares during the last quarter. Covestor Ltd raised its stake in shares of TruBridge by 20.5% during the 4th quarter. Covestor Ltd now owns 2,819 shares of the company's stock valued at $56,000 after buying an additional 479 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of TruBridge during the 4th quarter valued at about $211,000. Two Sigma Securities LLC purchased a new position in shares of TruBridge during the 4th quarter valued at about $222,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of TruBridge during the 1st quarter valued at about $240,000. Hedge funds and other institutional investors own 88.64% of the company's stock.

TruBridge Price Performance

Shares of TruBridge stock traded down $2.57 on Friday, hitting $18.62. The company's stock had a trading volume of 249,788 shares, compared to its average volume of 170,074. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.68 and a current ratio of 1.69. TruBridge, Inc. has a 1 year low of $10.52 and a 1 year high of $32.00. The firm has a fifty day moving average price of $22.75 and a 200-day moving average price of $24.95. The company has a market capitalization of $279.71 million, a price-to-earnings ratio of -13.82 and a beta of 0.59.

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 5.86% and a positive return on equity of 0.33%. The business had revenue of $87.21 million during the quarter, compared to analysts' expectations of $86.21 million. As a group, sell-side analysts anticipate that TruBridge, Inc. will post 0.07 earnings per share for the current fiscal year.

Insider Transactions at TruBridge

In related news, CEO Christopher L. Fowler sold 6,000 shares of TruBridge stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $25.05, for a total value of $150,300.00. Following the sale, the chief executive officer directly owned 131,090 shares in the company, valued at approximately $3,283,804.50. The trade was a 4.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 10.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stephens reiterated an "equal weight" rating and set a $28.00 price objective on shares of TruBridge in a research note on Thursday, April 10th.

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.