State Street Corp Invests $829,000 in TruBridge, Inc. (NASDAQ:TBRG)

State Street Corp bought a new position in TruBridge, Inc. (NASDAQ:TBRG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 69,301 shares of the company’s stock, valued at approximately $829,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of TruBridge in the third quarter worth approximately $26,000. Covestor Ltd bought a new position in TruBridge in the 3rd quarter worth $28,000. First Horizon Advisors Inc. purchased a new stake in TruBridge in the 3rd quarter worth $33,000. Point72 DIFC Ltd bought a new stake in TruBridge during the second quarter valued at about $56,000. Finally, FMR LLC purchased a new position in shares of TruBridge in the third quarter valued at about $85,000. Institutional investors own 88.64% of the company’s stock.

Insider Buying and Selling

In other TruBridge news, Director Mark V. Anquillare purchased 2,500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of $16.81 per share, with a total value of $42,025.00. Following the acquisition, the director now owns 17,178 shares in the company, valued at approximately $288,762.18. The trade was a 17.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.60% of the stock is currently owned by company insiders.

TruBridge Stock Up 0.9 %

Shares of TBRG opened at $19.90 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78. The stock has a market capitalization of $297.01 million, a price-to-earnings ratio of -4.87, a price-to-earnings-growth ratio of 70.25 and a beta of 0.69. TruBridge, Inc. has a 1 year low of $7.55 and a 1 year high of $20.07. The business’s 50 day simple moving average is $16.72 and its 200-day simple moving average is $13.43.

Analysts Set New Price Targets

TBRG has been the subject of several research analyst reports. Stephens increased their target price on TruBridge from $13.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $14.00 price objective on shares of TruBridge in a report on Tuesday, September 17th. Barclays boosted their target price on shares of TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $13.00 target price on shares of TruBridge in a research note on Friday, October 4th.

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.