TruBridge, Inc. (NASDAQ:TBRG) CEO Christopher L. Fowler Sells 6,000 Shares of Stock

TruBridge, Inc. (NASDAQ:TBRG) CEO Christopher L. Fowler sold 6,000 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $25.05, for a total value of $150,300.00. Following the completion of the sale, the chief executive officer now directly owns 131,090 shares of the company’s stock, valued at approximately $3,283,804.50. This trade represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

TruBridge Price Performance

Shares of NASDAQ:TBRG opened at $24.92 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. TruBridge, Inc. has a 1 year low of $8.99 and a 1 year high of $32.00. The business has a fifty day simple moving average of $25.89 and a 200 day simple moving average of $23.14. The firm has a market cap of $374.37 million, a price-to-earnings ratio of -6.09, a P/E/G ratio of 5.38 and a beta of 0.65.

TruBridge (NASDAQ:TBRG) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). TruBridge had a positive return on equity of 1.78% and a negative net margin of 17.72%. The firm had revenue of $87.21 million for the quarter, compared to analysts’ expectations of $86.21 million. As a group, sell-side analysts predict that TruBridge, Inc. will post 0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TruBridge

Several institutional investors have recently bought and sold shares of TBRG. Barclays PLC bought a new position in TruBridge during the third quarter valued at about $150,000. JPMorgan Chase & Co. raised its holdings in TruBridge by 73.4% during the third quarter. JPMorgan Chase & Co. now owns 112,240 shares of the company’s stock valued at $1,342,000 after buying an additional 47,507 shares in the last quarter. R Squared Ltd bought a new position in TruBridge during the fourth quarter valued at about $154,000. EMC Capital Management raised its holdings in TruBridge by 2,704.0% during the fourth quarter. EMC Capital Management now owns 5,608 shares of the company’s stock valued at $111,000 after buying an additional 5,408 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in TruBridge during the fourth quarter valued at about $286,000. 88.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TBRG. Cantor Fitzgerald raised their target price on TruBridge from $20.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Stephens reiterated an “equal weight” rating and set a $28.00 price objective on shares of TruBridge in a report on Thursday, April 10th.

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.