BNP Paribas Financial Markets Purchases Shares of 13,437 TruBridge, Inc. (NASDAQ:TBRG)

BNP Paribas Financial Markets acquired a new position in TruBridge, Inc. (NASDAQ:TBRG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,437 shares of the company’s stock, valued at approximately $161,000.

A number of other large investors have also recently made changes to their positions in the stock. CacheTech Inc. bought a new stake in TruBridge during the 3rd quarter worth approximately $2,875,000. Rice Hall James & Associates LLC purchased a new stake in shares of TruBridge in the third quarter worth $1,143,000. Cubist Systematic Strategies LLC bought a new stake in shares of TruBridge during the 2nd quarter valued at $740,000. Charles Schwab Investment Management Inc. purchased a new position in shares of TruBridge during the 3rd quarter valued at $875,000. Finally, Trustmark National Bank Trust Department bought a new position in TruBridge in the 3rd quarter worth $560,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TruBridge

In other TruBridge news, major shareholder Pinetree Capital Ltd. purchased 3,997 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were bought at an average price of $11.93 per share, with a total value of $47,684.21. Following the completion of the purchase, the insider now directly owns 603,997 shares in the company, valued at $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 SEC, which is available through the SEC website. Also, Director Mark V. Anquillare acquired 2,500 shares of the company’s stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of $16.81 per share, with a total value of $42,025.00. Following the completion of the purchase, the director now directly owns 17,178 shares in the company, valued at approximately $288,762.18. This represents a 17.03 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.

TruBridge Trading Up 1.3 %

Shares of TruBridge stock opened at $18.09 on Wednesday. TruBridge, Inc. has a twelve month low of $7.55 and a twelve month high of $18.80. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. The business has a 50-day moving average price of $15.14 and a 200-day moving average price of $12.66. The firm has a market cap of $269.99 million, a price-to-earnings ratio of -4.42, a PEG ratio of 70.25 and a beta of 0.69.

Analyst Upgrades and Downgrades

TBRG has been the topic of a number of recent analyst reports. Stephens raised their price target on TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Cantor Fitzgerald reissued an “overweight” rating and set a $13.00 target price on shares of TruBridge in a research note on Friday, October 4th. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 price target on shares of TruBridge in a research note on Tuesday, September 17th. Finally, Barclays lifted their price objective on shares of TruBridge from $10.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th.

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.