TruBridge (NASDAQ:TBRG) Insider Michael Daughton Acquires 2,500 Shares

TruBridge, Inc. (NASDAQ:TBRG) insider Michael Daughton acquired 2,500 shares of TruBridge stock in a transaction on Friday, November 14th. The shares were purchased at an average cost of $20.15 per share, for a total transaction of $50,375.00. Following the acquisition, the insider owned 39,992 shares in the company, valued at approximately $805,838.80. This represents a 6.67% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Michael Daughton also recently made the following trade(s):

• On Monday, November 17th, Michael Daughton bought 17,500 shares of TruBridge stock. The shares were purchased at an average price of $20.46 per share, with a total value of $358,050.00.
• On Thursday, November 13th, Michael Daughton purchased 4,354 shares of TruBridge stock. The shares were purchased at an average cost of $20.16 per share, for a total transaction of $87,776.64.
• On Wednesday, November 12th, Michael Daughton acquired 10,167 shares of TruBridge stock. The stock was purchased at an average price of $19.95 per share, with a total value of $202,831.65.
• On Tuesday, November 11th, Michael Daughton bought 15,479 shares of TruBridge stock. The shares were acquired at an average price of $19.39 per share, for a total transaction of $300,137.81.

TruBridge Stock Up 2.9%

Shares of NASDAQ:TBRG opened at $21.11 on Wednesday. The company has a 50 day moving average of $20.13 and a 200-day moving average of $21.61. TruBridge, Inc. has a one year low of $15.69 and a one year high of $32.00. The stock has a market cap of $316.84 million, a price-to-earnings ratio of -25.13 and a beta of 0.57. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.80 and a quick ratio of 1.79.

TruBridge (NASDAQ:TBRG) last released its earnings results on Thursday, November 6th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.48. The firm had revenue of $86.11 million during the quarter, compared to analyst estimates of $85.56 million. TruBridge had a negative net margin of 3.63% and a positive return on equity of 3.30%. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts forecast that TruBridge, Inc. will post 0.07 earnings per share for the current year.

Institutional Investors Weigh In On TruBridge

Several large investors have recently modified their holdings of the business. Acadian Asset Management LLC raised its position in TruBridge by 89.9% in the 2nd quarter. Acadian Asset Management LLC now owns 253,665 shares of the company’s stock valued at $5,937,000 after buying an additional 120,106 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of TruBridge by 77.6% during the 2nd quarter. Geode Capital Management LLC now owns 268,548 shares of the company’s stock worth $6,291,000 after acquiring an additional 117,298 shares in the last quarter. Invesco Ltd. boosted its holdings in TruBridge by 177.7% during the first quarter. Invesco Ltd. now owns 151,489 shares of the company’s stock worth $4,169,000 after purchasing an additional 96,931 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in TruBridge in the third quarter valued at $1,911,000. Finally, Y Intercept Hong Kong Ltd bought a new position in TruBridge in the second quarter valued at $1,792,000. 88.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TBRG. Weiss Ratings restated a “sell (e+)” rating on shares of TruBridge in a report on Friday, October 31st. BMO Capital Markets started coverage on shares of TruBridge in a research report on Thursday, November 13th. They issued a “market perform” rating and a $19.50 price target on the stock. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.50.

TruBridge Company 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.