TruBridge, Inc. (NASDAQ:TBRG) CEO Sells $137,802.00 in Stock

TruBridge, Inc. (NASDAQ:TBRG) CEO Christopher L. Fowler sold 5,100 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $27.02, for a total value of $137,802.00. Following the completion of the sale, the chief executive officer now directly owns 142,939 shares of the company’s stock, valued at approximately $3,862,211.78. This represents a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

TruBridge Stock Performance

Shares of TBRG stock opened at $28.10 on Tuesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78. TruBridge, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $32.00. The stock’s 50-day moving average is $25.87 and its two-hundred day moving average is $18.78. The firm has a market cap of $419.39 million, a P/E ratio of -6.87, a PEG ratio of 5.38 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TBRG. First Horizon Advisors Inc. acquired a new position in TruBridge in the 3rd quarter worth about $33,000. Tower Research Capital LLC TRC increased its position 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 purchasing an additional 699 shares during the last quarter. Covestor Ltd increased its position in TruBridge by 20.5% in the 4th quarter. Covestor Ltd now owns 2,819 shares of the company’s stock worth $56,000 after purchasing an additional 479 shares during the last quarter. AlphaQuest LLC acquired a new position in TruBridge in the 4th quarter worth about $66,000. Finally, FMR LLC acquired a new position in TruBridge in the 3rd quarter worth about $85,000. 88.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TBRG. Stephens increased their price objective on TruBridge from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 11th. Cantor Fitzgerald increased their price objective on TruBridge from $20.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 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.