Michael Daughton Buys 2,500 Shares of TruBridge (NASDAQ:TBRG) Stock

TruBridge, Inc. (NASDAQ:TBRG) insider Michael Daughton purchased 2,500 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average cost of $20.15 per share, with a total value of $50,375.00. Following the purchase, the insider owned 39,992 shares in the company, valued at $805,838.80. This represents a 6.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael Daughton also recently made the following trade(s):

• On Monday, November 17th, Michael Daughton acquired 17,500 shares of TruBridge stock. The shares were acquired at an average cost of $20.46 per share, for a total transaction of $358,050.00.
• On Thursday, November 13th, Michael Daughton bought 4,354 shares of TruBridge stock. The stock was acquired at an average price of $20.16 per share, with a total value of $87,776.64.
• On Wednesday, November 12th, Michael Daughton bought 10,167 shares of TruBridge stock. The stock was acquired at an average cost of $19.95 per share, with a total value of $202,831.65.
• On Tuesday, November 11th, Michael Daughton purchased 15,479 shares of TruBridge stock. The shares were acquired at an average price of $19.39 per share, for a total transaction of $300,137.81.

TruBridge Stock Up 2.7%

Shares of TruBridge stock traded up $0.56 during midday trading on Tuesday, reaching $21.07. 43,117 shares of the company’s stock traded hands, compared to its average volume of 147,014. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.79 and a current ratio of 1.80. TruBridge, Inc. has a 52 week low of $15.69 and a 52 week high of $32.00. The company’s 50 day simple moving average is $20.11 and its 200 day simple moving average is $21.64. The company has a market cap of $316.30 million, a price-to-earnings ratio of -25.04 and a beta of 0.57.

TruBridge (NASDAQ:TBRG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.48. The firm had revenue of $86.11 million during the quarter, compared to analysts’ expectations of $85.56 million. TruBridge had a negative net margin of 3.63% and a positive return on equity of 3.30%. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect that TruBridge, Inc. will post 0.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on TBRG shares. BMO Capital Markets assumed coverage on TruBridge in a research note on Thursday, November 13th. They set a “market perform” rating and a $19.50 price target for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of TruBridge in a research note on Friday, October 31st. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $25.50.

Hedge Funds Weigh In On TruBridge

Large investors have recently made changes to their positions in the business. Legal & General Group Plc bought a new stake in TruBridge during the 2nd quarter valued at approximately $26,000. First Horizon Corp bought a new stake in shares of TruBridge in the third quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of TruBridge in the second quarter worth $59,000. AlphaQuest LLC increased its position in TruBridge by 88.7% during the first quarter. AlphaQuest LLC now owns 6,325 shares of the company’s stock worth $174,000 after acquiring an additional 2,974 shares during the period. Finally, Strs Ohio increased its position in TruBridge by 14.8% during the third quarter. Strs Ohio now owns 25,600 shares of the company’s stock worth $516,000 after acquiring an additional 3,300 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

About TruBridge

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.