94,739 Shares in TruBridge, Inc. $TBRG Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new position in TruBridge, Inc. (NASDAQ:TBRG) during the 3rd quarter, HoldingsChannel reports. The firm purchased 94,739 shares of the company’s stock, valued at approximately $1,911,000.

Several other hedge funds also recently modified their holdings of the business. Legal & General Group Plc bought a new stake in shares of TruBridge in the second quarter valued at approximately $26,000. First Horizon Corp bought a new position in TruBridge during the third quarter worth $42,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of TruBridge in the 2nd quarter worth approximately $59,000. Strs Ohio grew its holdings in shares of TruBridge by 14.8% during the 3rd quarter. Strs Ohio now owns 25,600 shares of the company’s stock worth $516,000 after purchasing an additional 3,300 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of TruBridge by 13.7% during the second quarter. Raymond James Financial Inc. now owns 29,593 shares of the company’s stock valued at $693,000 after purchasing an additional 3,564 shares during the period. 88.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TBRG has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruBridge in a report on Wednesday, January 28th. Wall Street Zen raised shares of TruBridge from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 18th. Zacks Research raised shares of TruBridge from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Royal Bank Of Canada initiated coverage on shares of TruBridge in a research note on Friday, January 9th. They set a “sector perform” rating and a $23.00 price target for the company. Finally, BMO Capital Markets assumed coverage on TruBridge in a report on Thursday, November 13th. They set a “market perform” rating and a $19.50 price objective on the stock. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, TruBridge presently has a consensus rating of “Hold” and an average target price of $24.88.

TruBridge Price Performance

NASDAQ:TBRG opened at $18.79 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.89. The firm has a market cap of $282.04 million, a PE ratio of 98.90 and a beta of 0.63. TruBridge, Inc. has a 12 month low of $17.86 and a 12 month high of $32.00. The company’s 50-day moving average price is $20.44 and its two-hundred day moving average price is $20.64.

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.