Christopher L. Fowler Sells 5,100 Shares of TruBridge, Inc. (NASDAQ:TBRG) Stock

TruBridge, Inc. (NASDAQ:TBRG) CEO Christopher L. Fowler sold 5,100 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $27.02, for a total transaction of $137,802.00. Following the transaction, the chief executive officer now directly owns 142,939 shares in the company, valued at $3,862,211.78. The trade was a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

TruBridge Stock Down 0.5 %

TBRG stock opened at $27.96 on Wednesday. TruBridge, Inc. has a one year low of $7.61 and a one year high of $32.00. The stock has a market capitalization of $417.30 million, a PE ratio of -6.84, a price-to-earnings-growth ratio of 5.38 and a beta of 0.71. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. The company has a fifty day moving average of $26.01 and a 200-day moving average of $18.89.

Institutional Trading of TruBridge

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in shares of TruBridge by 47.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company’s stock worth $43,000 after acquiring an additional 699 shares during the period. First Horizon Advisors Inc. acquired a new stake in shares of TruBridge in the third quarter valued at about $33,000. Covestor Ltd lifted its stake in shares of TruBridge by 20.5% in the fourth quarter. Covestor Ltd now owns 2,819 shares of the company’s stock valued at $56,000 after purchasing an additional 479 shares during the period. AlphaQuest LLC acquired a new stake in shares of TruBridge in the fourth quarter valued at about $66,000. Finally, EMC Capital Management lifted its stake in shares of TruBridge by 2,704.0% in the fourth quarter. EMC Capital Management now owns 5,608 shares of the company’s stock valued at $111,000 after purchasing an additional 5,408 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on TBRG shares. Cantor Fitzgerald raised their price objective on shares of TruBridge from $20.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Stephens raised their target price on shares of TruBridge from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 11th.

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.