Martin & Co. Inc. TN Reduces Position in TruBridge, Inc. $TBRG

Martin & Co. Inc. TN decreased its holdings in shares of TruBridge, Inc. (NASDAQ:TBRG) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,608 shares of the company’s stock after selling 14,098 shares during the period. TruBridge comprises approximately 1.6% of Martin & Co. Inc. TN’s holdings, making the stock its 12th largest position. Martin & Co. Inc. TN owned about 2.47% of TruBridge worth $8,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Legal & General Group Plc purchased a new position in TruBridge during the second quarter valued at $26,000. Police & Firemen s Retirement System of New Jersey bought a new stake in TruBridge during the 2nd quarter worth approximately $59,000. New York State Common Retirement Fund purchased a new stake in shares of TruBridge in the second quarter worth $101,000. AlphaQuest LLC increased its stake in shares of TruBridge by 88.7% in the first quarter. AlphaQuest LLC now owns 6,325 shares of the company’s stock worth $174,000 after purchasing an additional 2,974 shares in the last quarter. Finally, Integrated Quantitative Investments LLC bought a new stake in shares of TruBridge during the 2nd quarter valued at $201,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at TruBridge

In other news, insider Michael Daughton acquired 17,500 shares of the business’s stock in a transaction on Monday, November 17th. The shares were acquired at an average price of $20.46 per share, for a total transaction of $358,050.00. Following the completion of the transaction, the insider directly owned 57,492 shares of the company’s stock, valued at approximately $1,176,286.32. The trade was a 43.76% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Pinetree Capital Ltd. purchased 21,035 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average price of $20.41 per share, for a total transaction of $429,324.35. Following the completion of the acquisition, the insider directly owned 798,220 shares in the company, valued at $16,291,670.20. The trade was a 2.71% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 143,890 shares of company stock valued at $2,916,126 over the last ninety days. 10.70% of the stock is owned by insiders.

TruBridge Price Performance

Shares of TruBridge stock opened at $21.99 on Friday. The stock has a 50 day moving average of $20.31 and a 200 day moving average of $21.43. TruBridge, Inc. has a 12 month low of $17.71 and a 12 month high of $32.00. The firm has a market cap of $330.05 million, a PE ratio of -26.18 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 (NASDAQ:TBRG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.48. TruBridge had a negative net margin of 3.63% and a positive return on equity of 3.30%. The company had revenue of $86.11 million for the quarter, compared to the consensus estimate of $85.56 million. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts expect that TruBridge, Inc. will post 0.07 EPS for the current fiscal year.

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.