TruBridge (NASDAQ:TBRG) Insider Michael Daughton Acquires 17,500 Shares

TruBridge, Inc. (NASDAQ:TBRG) insider Michael Daughton bought 17,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were purchased at an average price of $20.46 per share, with a total value of $358,050.00. Following the acquisition, the insider directly owned 57,492 shares in the company, valued at approximately $1,176,286.32. This trade represents a 43.76% increase in their position. The transaction 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 Friday, November 14th, Michael Daughton purchased 2,500 shares of TruBridge stock. The shares were acquired at an average cost of $20.15 per share, for a total transaction of $50,375.00.
• On Thursday, November 13th, Michael Daughton acquired 4,354 shares of TruBridge stock. The shares were 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, for a total transaction of $202,831.65.
• On Tuesday, November 11th, Michael Daughton bought 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 TBRG stock traded up $0.56 during trading hours on Tuesday, reaching $21.07. The company had a trading volume of 43,117 shares, 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 twelve month low of $15.69 and a twelve month high of $32.00. The stock’s fifty day simple moving average is $20.11 and its 200 day simple moving average is $21.64. The company has a market capitalization of $316.30 million, a P/E ratio of -25.04 and a beta of 0.57.

TruBridge (NASDAQ:TBRG) last posted its quarterly earnings data 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 analyst estimates of $85.56 million. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts expect that TruBridge, Inc. will post 0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. 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 target price for the company. Weiss Ratings restated 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.50.

Hedge Funds Weigh In On TruBridge

A number of hedge funds have recently bought and sold shares of TBRG. Legal & General Group Plc bought a new stake in TruBridge in the second quarter valued at about $26,000. First Horizon Corp bought a new stake in shares of TruBridge in the 3rd quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of TruBridge in the 2nd quarter valued at approximately $59,000. AlphaQuest LLC raised its position in shares of TruBridge by 88.7% during the 1st quarter. AlphaQuest LLC now owns 6,325 shares of the company’s stock valued at $174,000 after acquiring an additional 2,974 shares in the last quarter. Finally, Strs Ohio lifted its stake 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 purchasing an additional 3,300 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors and hedge funds.

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.