TruBridge (NASDAQ:TBRG) Insider Michael Daughton Acquires 4,354 Shares of Stock

TruBridge, Inc. (NASDAQ:TBRG) insider Michael Daughton purchased 4,354 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $20.16 per share, for a total transaction of $87,776.64. Following the completion of the transaction, the insider directly owned 37,492 shares in the company, valued at approximately $755,838.72. The trade was a 13.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, November 17th, Michael Daughton bought 17,500 shares of TruBridge stock. The stock was bought at an average price of $20.46 per share, with a total value of $358,050.00.
• On Friday, November 14th, Michael Daughton bought 2,500 shares of TruBridge stock. The shares were purchased at an average cost of $20.15 per share, for a total transaction of $50,375.00.
• On Wednesday, November 12th, Michael Daughton purchased 10,167 shares of TruBridge stock. The stock was purchased at an average cost of $19.95 per share, with a total value of $202,831.65.
• On Tuesday, November 11th, Michael Daughton acquired 15,479 shares of TruBridge stock. The stock was purchased at an average price of $19.39 per share, with a total value of $300,137.81.

TruBridge Price Performance

Shares of NASDAQ:TBRG opened at $21.11 on Wednesday. The firm has a market capitalization of $316.84 million, a PE ratio of -25.13 and a beta of 0.57. The company has a current ratio of 1.80, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94. TruBridge, Inc. has a 1-year low of $15.69 and a 1-year high of $32.00. The business’s 50 day moving average is $20.13 and its 200-day moving average is $21.61.

TruBridge (NASDAQ:TBRG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.48. The company had revenue of $86.11 million during the quarter, compared to the consensus estimate 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. Sell-side analysts predict that TruBridge, Inc. will post 0.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TBRG. Weiss Ratings restated a “sell (e+)” rating on shares of TruBridge in a research report on Friday, October 31st. BMO Capital Markets started coverage on TruBridge in a report on Thursday, November 13th. They set a “market perform” rating and a $19.50 price objective for the company. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $25.50.

Institutional Investors Weigh In On TruBridge

A number of hedge funds have recently added to or reduced their stakes in the stock. Nellore Capital Management LLC raised its stake in shares of TruBridge by 9.2% in the third quarter. Nellore Capital Management LLC now owns 747,032 shares of the company’s stock worth $15,068,000 after acquiring an additional 63,111 shares during the last quarter. Millennium Management LLC bought a new stake in shares of TruBridge during the third quarter valued at approximately $254,000. Squarepoint Ops LLC increased its holdings in shares of TruBridge by 175.9% in the third quarter. Squarepoint Ops LLC now owns 86,672 shares of the company’s stock valued at $1,748,000 after purchasing an additional 55,259 shares in the last quarter. Kennedy Capital Management LLC raised its position in TruBridge by 14.9% in the 3rd quarter. Kennedy Capital Management LLC now owns 276,940 shares of the company’s stock worth $5,586,000 after purchasing an additional 35,872 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in TruBridge by 15.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 470,593 shares of the company’s stock worth $9,492,000 after buying an additional 63,112 shares in the last quarter. Institutional investors 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.