Two Sigma Investments LP Reduces Stake in TruBridge, Inc. (NASDAQ:TBRG)

Two Sigma Investments LP lessened its holdings in TruBridge, Inc. (NASDAQ:TBRG) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,987 shares of the company’s stock after selling 637 shares during the quarter. Two Sigma Investments LP owned about 0.62% of TruBridge worth $1,834,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. lifted its holdings in shares of TruBridge by 3.1% in the 4th quarter. Federated Hermes Inc. now owns 468,758 shares of the company’s stock valued at $9,244,000 after buying an additional 14,120 shares during the period. Dimensional Fund Advisors LP raised its position in TruBridge by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 348,941 shares of the company’s stock valued at $6,881,000 after acquiring an additional 38,902 shares in the last quarter. Truffle Hound Capital LLC acquired a new position in TruBridge in the fourth quarter valued at approximately $5,916,000. D. E. Shaw & Co. Inc. lifted its holdings in TruBridge by 8.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 217,539 shares of the company’s stock valued at $4,290,000 after acquiring an additional 16,821 shares during the period. Finally, Susquehanna International Group LLP boosted its position in TruBridge by 343.6% in the 4th quarter. Susquehanna International Group LLP now owns 209,871 shares of the company’s stock worth $4,139,000 after purchasing an additional 162,560 shares in the last quarter. 88.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TBRG has been the subject of several recent research reports. Stephens reaffirmed an “equal weight” rating and set a $28.00 target price on shares of TruBridge in a report on Thursday, April 10th. Cantor Fitzgerald lifted their price objective on shares of TruBridge from $20.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th.

Insider Transactions at TruBridge

In related news, CEO Christopher L. Fowler sold 6,000 shares of TruBridge stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $25.05, for a total value of $150,300.00. Following the sale, the chief executive officer now directly owns 131,090 shares in the company, valued at approximately $3,283,804.50. The trade was a 4.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.70% of the company’s stock.

TruBridge Stock Down 0.8%

TruBridge stock opened at $23.75 on Tuesday. TruBridge, Inc. has a 12 month low of $8.99 and a 12 month high of $32.00. The stock has a market capitalization of $356.80 million, a PE ratio of -5.81, a price-to-earnings-growth ratio of 5.38 and a beta of 0.65. 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 has a 50 day simple moving average of $25.14 and a 200-day simple moving average of $23.81.

TruBridge (NASDAQ:TBRG) last posted its quarterly earnings data on Friday, May 9th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The company had revenue of $87.21 million for the quarter, compared to analyst estimates of $86.21 million. TruBridge had a positive return on equity of 1.78% and a negative net margin of 17.72%. On average, analysts anticipate that TruBridge, Inc. will post 0.07 EPS for the current fiscal year.

TruBridge 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.