R Squared Ltd Buys Shares of 7,800 TruBridge, Inc. (NASDAQ:TBRG)

R Squared Ltd purchased a new position in shares of TruBridge, Inc. (NASDAQ:TBRG) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,800 shares of the company’s stock, valued at approximately $154,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in TruBridge by 73.4% during the third quarter. JPMorgan Chase & Co. now owns 112,240 shares of the company’s stock worth $1,342,000 after purchasing an additional 47,507 shares during the period. Barclays PLC bought a new stake in shares of TruBridge during the 3rd quarter worth $150,000. Geode Capital Management LLC acquired a new position in TruBridge in the 3rd quarter valued at $1,747,000. XTX Topco Ltd bought a new position in TruBridge in the 3rd quarter worth $154,000. Finally, Jane Street Group LLC bought a new stake in TruBridge during the third quarter valued at about $400,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Insider Activity

In related news, Director Mark V. Anquillare purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were acquired at an average price of $16.81 per share, with a total value of $42,025.00. Following the purchase, the director now directly owns 17,178 shares in the company, valued at $288,762.18. This represents a 17.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.60% of the stock is owned by company insiders.

TruBridge Price Performance

Shares of TBRG stock opened at $24.25 on Thursday. TruBridge, Inc. has a 12 month low of $7.55 and a 12 month high of $24.50. The company has a market capitalization of $362.05 million, a P/E ratio of -5.93, a P/E/G ratio of 4.41 and a beta of 0.67. The stock has a 50 day moving average of $19.80 and a two-hundred day moving average of $15.02. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00.

TruBridge (NASDAQ:TBRG) last issued its earnings results on Thursday, November 7th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of $0.44 by ($0.73). The firm had revenue of $83.83 million during the quarter, compared to the consensus estimate of $82.30 million. TruBridge had a positive return on equity of 1.78% and a negative net margin of 17.72%. During the same period last year, the business earned $0.39 earnings per share. As a group, equities analysts expect that TruBridge, Inc. will post 0.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $13.00 price objective on shares of TruBridge in a research note on Friday, October 4th. Stephens increased their price objective on TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Barclays boosted their target price on shares of TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th.

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.