Paradigm Capital Management Inc. NY Has $762,000 Stake in TruBridge, Inc. $TBRG

Paradigm Capital Management Inc. NY reduced its stake in TruBridge, Inc. (NASDAQ:TBRG) by 84.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,062 shares of the company’s stock after selling 286,938 shares during the period. Paradigm Capital Management Inc. NY owned approximately 0.35% of TruBridge worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Legal & General Group Plc bought a new position in TruBridge during the 2nd quarter worth $26,000. New York State Common Retirement Fund bought a new stake in shares of TruBridge during the 2nd quarter valued at $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of TruBridge during the 2nd quarter valued at $128,000. R Squared Ltd acquired a new stake in shares of TruBridge during the 1st quarter worth $150,000. Finally, State of Wyoming acquired a new stake in shares of TruBridge during the 2nd quarter worth $161,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wall Street Analysts Forecast Growth

TBRG has been the subject of a number of analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of TruBridge in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $26.25 price objective on shares of TruBridge in a research note on Monday, April 27th. Freedom Capital lowered shares of TruBridge from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Stephens dropped their target price on shares of TruBridge from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $26.25 price target on shares of TruBridge in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $23.95.

TruBridge Price Performance

Shares of TBRG opened at $26.24 on Friday. TruBridge, Inc. has a 12-month low of $13.88 and a 12-month high of $26.51. The business has a 50-day simple moving average of $26.11 and a two-hundred day simple moving average of $22.32. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.90. The stock has a market cap of $393.60 million, a PE ratio of 131.20 and a beta of 1.28.

TruBridge (NASDAQ:TBRG) last posted its earnings results on Friday, May 8th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm had revenue of $86.27 million during the quarter, compared to the consensus estimate of $88.52 million. TruBridge had a return on equity of 18.75% and a net margin of 0.92%.

About TruBridge

TruBridge, Inc is a technology solutions provider specializing in digital transformation and managed services for enterprise clients. The company focuses on helping organizations modernize and optimize their IT environments by leveraging cloud technologies, collaboration platforms, and security solutions. TruBridge’s core business activities include consulting, implementation, migration, training and ongoing support for Microsoft 365, Azure and related cloud services.

TruBridge offers a comprehensive suite of services designed to guide clients through every stage of their cloud adoption journey.