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

Rice Hall James & Associates LLC decreased its stake in shares of TruBridge, Inc. (NASDAQ:TBRG) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 94,271 shares of the company’s stock after selling 1,323 shares during the quarter. Rice Hall James & Associates LLC’s holdings in TruBridge were worth $1,859,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd purchased a new stake in TruBridge during the third quarter valued at approximately $28,000. First Horizon Advisors Inc. purchased a new stake in shares of TruBridge in the third quarter worth $33,000. EMC Capital Management increased its stake 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 worth $111,000 after purchasing an additional 5,408 shares in the last quarter. FMR LLC purchased a new stake in shares of TruBridge in the third quarter worth $85,000. Finally, R Squared Ltd purchased a new stake in shares of TruBridge in the fourth quarter worth $154,000. Institutional investors own 88.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TBRG. Barclays increased their price objective on shares of TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Stephens increased their price objective on shares of TruBridge from $13.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th.

TruBridge Stock Performance

TBRG opened at $28.25 on Wednesday. The stock has a market capitalization of $421.77 million, a price-to-earnings ratio of -6.91, a PEG ratio of 4.90 and a beta of 0.69. The company has a fifty day moving average of $22.24 and a 200 day moving average of $16.56. TruBridge, Inc. has a fifty-two week low of $7.55 and a fifty-two week high of $28.70. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80.

Insider Activity at TruBridge

In other TruBridge news, Director Mark V. Anquillare acquired 2,500 shares of the stock in a transaction on Monday, November 25th. The stock was acquired at an average price of $16.81 per share, for a total transaction of $42,025.00. Following the completion of the transaction, the director now directly owns 17,178 shares of the company’s stock, valued at $288,762.18. This trade represents a 17.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Pinetree Capital Ltd. acquired 6,795 shares of the stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $28.16 per share, with a total value of $191,347.20. Following the transaction, the insider now directly owns 729,176 shares of the company’s stock, valued at $20,533,596.16. The trade was a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 84,276 shares of company stock valued at $2,303,598. Corporate insiders own 3.60% of the company’s stock.

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.