Segall Bryant & Hamill LLC Buys New Stake in TruBridge, Inc. $TBRG

Segall Bryant & Hamill LLC purchased a new position in shares of TruBridge, Inc. (NASDAQ:TBRG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 94,739 shares of the company’s stock, valued at approximately $1,911,000. Segall Bryant & Hamill LLC owned approximately 0.63% of TruBridge as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of TBRG. Legal & General Group Plc purchased a new position in TruBridge in the second quarter valued at about $26,000. First Horizon Corp purchased a new position in shares of TruBridge during the 3rd quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of TruBridge during the second quarter worth approximately $59,000. New York State Common Retirement Fund bought a new stake in shares of TruBridge in the second quarter worth $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in TruBridge in the second quarter valued at $128,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Royal Bank Of Canada began coverage on TruBridge in a research note on Friday, January 9th. They issued a “sector perform” rating and a $23.00 price target for the company. BMO Capital Markets assumed coverage on TruBridge in a report on Thursday, November 13th. They issued a “market perform” rating and a $19.50 price target for the company. Wall Street Zen upgraded TruBridge from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TruBridge in a research note on Wednesday, January 28th. Finally, Zacks Research raised shares of TruBridge from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $24.88.

TruBridge Stock Performance

TBRG opened at $18.79 on Friday. The business has a 50 day moving average price of $20.44 and a two-hundred day moving average price of $20.64. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.91 and a quick ratio of 1.90. The company has a market capitalization of $282.04 million, a price-to-earnings ratio of 98.90 and a beta of 0.63. TruBridge, Inc. has a 1-year low of $17.86 and a 1-year high of $32.00.

TruBridge Profile

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.