Stephens Increases TruBridge (NASDAQ:TBRG) Price Target to $17.00

TruBridge (NASDAQ:TBRG) had its price objective increased by Stephens from $13.00 to $17.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other analysts have also issued reports about the stock. Cantor Fitzgerald restated an “overweight” rating and set a $13.00 price target on shares of TruBridge in a research report on Friday, October 4th. Barclays lifted their price target on TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $14.00 price objective on shares of TruBridge in a research note on Tuesday, September 17th.

TruBridge Trading Up 3.3 %

TBRG stock opened at $16.54 on Wednesday. TruBridge has a one year low of $7.55 and a one year high of $16.80. The company has a market capitalization of $246.94 million, a PE ratio of -4.04, a price-to-earnings-growth ratio of 35.58 and a beta of 0.61. The company’s 50 day moving average price is $13.24 and its two-hundred day moving average price is $11.64. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80.

Insider Buying and Selling at TruBridge

In related news, major shareholder Pinetree Capital Ltd. purchased 3,997 shares of TruBridge stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of $11.93 per share, for a total transaction of $47,684.21. Following the completion of the transaction, the insider now directly owns 603,997 shares of the company’s stock, valued at $7,205,684.21. This represents a 0.67 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of TruBridge

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of TruBridge in the 3rd quarter valued at approximately $26,000. Covestor Ltd purchased a new stake in TruBridge in the third quarter worth $28,000. First Horizon Advisors Inc. bought a new position in TruBridge in the third quarter worth $33,000. Point72 DIFC Ltd purchased a new position in TruBridge during the second quarter valued at $56,000. Finally, FMR LLC bought a new stake in shares of TruBridge during the 3rd quarter valued at $85,000. 88.64% of the stock is owned by institutional investors.

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.