Susquehanna Fundamental Investments LLC Takes Position in TruBridge, Inc. (NASDAQ:TBRG)

Susquehanna Fundamental Investments LLC bought a new stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 56,116 shares of the company's stock, valued at approximately $1,107,000. Susquehanna Fundamental Investments LLC owned approximately 0.38% of TruBridge at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Federated Hermes Inc. grew its stake in TruBridge by 3.1% in the 4th quarter. Federated Hermes Inc. now owns 468,758 shares of the company's stock valued at $9,244,000 after acquiring an additional 14,120 shares during the last quarter. Dimensional Fund Advisors LP increased its stake 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 worth $6,881,000 after purchasing an additional 38,902 shares in the last quarter. Truffle Hound Capital LLC acquired a new position in shares of TruBridge during the 4th quarter worth approximately $5,916,000. Susquehanna International Group LLP lifted its stake in 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 buying an additional 162,560 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new position in shares of TruBridge in the third quarter worth $1,747,000. Institutional investors and hedge funds own 88.64% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on TBRG shares. Stephens reissued an "equal weight" rating and issued a $28.00 target price on shares of TruBridge in a research note on Thursday, April 10th. Cantor Fitzgerald lifted their target price on shares of TruBridge from $20.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th.

Insider Buying and Selling

In related news, major shareholder Pinetree Capital Ltd. acquired 6,795 shares of TruBridge stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $28.16 per share, for a total transaction of $191,347.20. Following the completion of the purchase, the insider now directly owns 729,176 shares in the company, valued at $20,533,596.16. This trade represents a 0.94 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher L. Fowler sold 5,100 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $27.02, for a total value of $137,802.00. Following the sale, the chief executive officer now owns 142,939 shares in the company, valued at approximately $3,862,211.78. The trade was a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 116,728 shares of company stock valued at $3,239,879. 10.70% of the stock is currently owned by company insiders.

TruBridge Trading Up 0.3 %

TBRG stock traded up $0.08 on Monday, hitting $26.29. 66,870 shares of the company were exchanged, compared to its average volume of 128,908. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78. The stock has a market capitalization of $393.01 million, a price-to-earnings ratio of -6.43, a price-to-earnings-growth ratio of 5.38 and a beta of 0.64. TruBridge, Inc. has a twelve month low of $7.98 and a twelve month high of $32.00. The business's fifty day moving average is $26.73 and its two-hundred day moving average is $22.18.

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.