Rice Hall James & Associates LLC Sells 1,323 Shares of TruBridge, Inc. (NASDAQ:TBRG)

Rice Hall James & Associates LLC trimmed its position in TruBridge, Inc. (NASDAQ:TBRG) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,271 shares of the company’s stock after selling 1,323 shares during the period. Rice Hall James & Associates LLC owned 0.63% of TruBridge worth $1,859,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Covestor Ltd bought a new stake in shares of TruBridge during the 3rd quarter worth $28,000. First Horizon Advisors Inc. purchased a new position in shares of TruBridge in the third quarter valued at about $33,000. EMC Capital Management increased its position in shares of TruBridge by 2,704.0% in the fourth quarter. EMC Capital Management now owns 5,608 shares of the company’s stock valued at $111,000 after acquiring an additional 5,408 shares during the period. FMR LLC purchased a new position in shares of TruBridge in the third quarter valued at about $85,000. Finally, R Squared Ltd purchased a new position in shares of TruBridge during the fourth quarter valued at about $154,000. 88.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TBRG. Barclays boosted their price target 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. Stephens boosted their price target on shares of TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th.

Insiders Place Their Bets

In other news, Director Mark V. Anquillare bought 2,500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of $16.81 per share, for a total transaction of $42,025.00. Following the completion of the purchase, the director now owns 17,178 shares in the company, valued at approximately $288,762.18. This represents a 17.03 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Pinetree Capital Ltd. bought 6,795 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of $28.16 per share, for a total transaction of $191,347.20. Following the purchase, the insider now owns 729,176 shares of the company’s stock, valued at approximately $20,533,596.16. This represents a 0.94 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 84,276 shares of company stock worth $2,303,598. 3.60% of the stock is currently owned by company insiders.

TruBridge Price Performance

Shares of TBRG opened at $28.25 on Wednesday. The stock has a market cap of $421.77 million, a PE ratio of -6.91, a price-to-earnings-growth ratio of 4.90 and a beta of 0.69. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. TruBridge, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $28.70. The firm’s 50-day simple moving average is $22.24 and its two-hundred day simple moving average is $16.56.

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.