TruBridge (NASDAQ:TBRG) Releases Earnings Results, Misses Estimates By $0.70 EPS

Key Points

• TruBridge missed estimates, reporting EPS of ($0.29) versus a consensus $0.41 (a $0.70 shortfall), while revenue was essentially in line at $87.79 million.
• Analysts maintain a consensus "Reduce" rating with an average price target of $23.50, though recent notes ranged from Weiss Ratings' "sell" to Wall Street Zen's "strong-buy."
• Institutional investors own 88.64% of the stock with several funds increasing stakes, and shares opened at $14.00 (market cap ~$210M) and were down about 0.5% on the news.

TruBridge (NASDAQ:TBRG - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.70), FiscalAI reports. The business had revenue of $87.79 million during the quarter, compared to the consensus estimate of $87.60 million. TruBridge had a net margin of 0.85% and a return on equity of 12.23%.

TruBridge Stock Down 0.5%

Shares of TBRG stock opened at $14.00 on Tuesday. The stock has a market cap of $210.14 million, a P/E ratio of 73.69 and a beta of 0.63. TruBridge has a one year low of $13.91 and a one year high of $28.11. The stock has a fifty day moving average price of $18.62 and a 200 day moving average price of $20.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.91 and a quick ratio of 1.90.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank Of Canada initiated coverage on shares of TruBridge in a research note on Friday, January 9th. They set a "sector perform" rating and a $23.00 target price for the company. Weiss Ratings restated a "sell (e+)" rating on shares of TruBridge in a research report on Wednesday, January 28th. Wall Street Zen upgraded shares of TruBridge from a "buy" rating to a "strong-buy" rating in a report on Sunday, January 18th. Finally, Zacks Research upgraded shares of TruBridge from a "strong sell" rating to a "hold" rating in a research note on Friday, January 30th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $23.50.

Institutional Investors Weigh In On TruBridge

Several institutional investors and hedge funds have recently bought and sold shares of the business. Paradigm Capital Management Inc. NY boosted its position in shares of TruBridge by 175.9% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 339,000 shares of the company's stock valued at $7,482,000 after acquiring an additional 216,144 shares in the last quarter. Nellore Capital Management LLC raised its position in TruBridge by 22.5% in the fourth quarter. Nellore Capital Management LLC now owns 915,034 shares of the company's stock worth $20,195,000 after purchasing an additional 168,002 shares in the last quarter. Geode Capital Management LLC lifted its stake in TruBridge by 77.6% during the second quarter. Geode Capital Management LLC now owns 268,548 shares of the company's stock worth $6,291,000 after purchasing an additional 117,298 shares during the period. Dimensional Fund Advisors LP lifted its stake in TruBridge by 15.5% during the third quarter. Dimensional Fund Advisors LP now owns 470,593 shares of the company's stock worth $9,492,000 after purchasing an additional 63,112 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in TruBridge by 128.2% during the second quarter. JPMorgan Chase & Co. now owns 101,107 shares of the company's stock valued at $2,368,000 after purchasing an additional 56,805 shares in the last quarter. Institutional investors own 88.64% of the company's stock.

About TruBridge

TruBridge, Inc is a technology solutions provider specializing in digital transformation and managed services for enterprise clients. The company focuses on helping organizations modernize and optimize their IT environments by leveraging cloud technologies, collaboration platforms, and security solutions. TruBridge's core business activities include consulting, implementation, migration, training and ongoing support for Microsoft 365, Azure and related cloud services.

TruBridge offers a comprehensive suite of services designed to guide clients through every stage of their cloud adoption journey.

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