TruBridge (NASDAQ:TBRG) Price Target Raised to $14.00

TruBridge (NASDAQ:TBRG) had its price objective lifted by Barclays from $10.00 to $14.00 in a report published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

TBRG has been the topic of a number of other reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $13.00 target price on shares of TruBridge in a research note on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 price objective on shares of TruBridge in a research report on Tuesday, September 17th.

TruBridge Trading Down 0.7 %

Shares of NASDAQ TBRG opened at $15.68 on Monday. 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 firm’s 50-day moving average price is $12.76 and its two-hundred day moving average price is $11.29. TruBridge has a 52-week low of $7.55 and a 52-week high of $16.46.

Insider Buying and Selling

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

Institutional Trading of TruBridge

Several institutional investors have recently modified their holdings of TBRG. Walleye Capital LLC bought a new stake in TruBridge in the third quarter worth about $884,000. BNP Paribas Financial Markets bought a new stake in shares of TruBridge in the 3rd quarter worth approximately $161,000. FMR LLC acquired a new stake in TruBridge during the third quarter valued at approximately $85,000. Charles Schwab Investment Management Inc. bought a new stake in TruBridge during the third quarter worth approximately $875,000. Finally, Trustmark National Bank Trust Department acquired a new position in TruBridge in the third quarter worth approximately $560,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

About TruBridge

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.