TruBridge (NASDAQ:TBRG) Given New $14.00 Price Target at Barclays

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

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

TruBridge Trading Down 0.7 %

Shares of TruBridge stock 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 business’s fifty day moving average is $12.76 and its two-hundred day moving average is $11.29. TruBridge has a fifty-two week low of $7.55 and a fifty-two week high of $16.46.

Insider Activity at TruBridge

In related news, major shareholder Pinetree Capital Ltd. purchased 3,997 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average cost of $11.93 per share, for a total transaction of $47,684.21. Following the acquisition, the insider now owns 603,997 shares in the company, valued at approximately $7,205,684.21. This trade represents a 0.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by insiders.

Institutional Trading of TruBridge

Large investors have recently modified their holdings of the business. GAMMA Investing LLC acquired a new stake in shares of TruBridge during the third quarter valued at about $26,000. Covestor Ltd acquired a new stake in shares of TruBridge during the third quarter valued at about $28,000. First Horizon Advisors Inc. acquired a new stake in shares of TruBridge during the third quarter valued at about $33,000. Point72 DIFC Ltd acquired a new stake in shares of TruBridge during the second quarter valued at about $56,000. Finally, FMR LLC acquired a new stake in shares of TruBridge during the third quarter valued at about $85,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

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.