TruBridge, Inc. (NASDAQ:TBRG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of TruBridge, Inc. (NASDAQ:TBRG) have received a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $23.95.

Several research firms have commented on TBRG. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $26.25 price objective on shares of TruBridge in a report on Monday, April 27th. Zacks Research cut shares of TruBridge from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. BMO Capital Markets reaffirmed a “market perform” rating and set a $26.25 target price on shares of TruBridge in a report on Friday, April 24th. Weiss Ratings upgraded shares of TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Freedom Capital cut shares of TruBridge from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th.

TruBridge Stock Performance

TBRG opened at $26.24 on Tuesday. TruBridge has a 12-month low of $13.88 and a 12-month high of $26.51. The stock has a market cap of $393.60 million, a price-to-earnings ratio of 131.20 and a beta of 1.28. The business has a 50 day moving average of $26.12 and a 200-day moving average of $22.36. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.90.

TruBridge (NASDAQ:TBRG) last posted its earnings results on Friday, May 8th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. TruBridge had a return on equity of 18.75% and a net margin of 0.92%.The business had revenue of $86.27 million for the quarter, compared to analyst estimates of $88.52 million.

Hedge Funds Weigh In On TruBridge

Large investors have recently made changes to their positions in the company. Martingale Asset Management L P lifted its holdings in TruBridge by 8.3% during the 4th quarter. Martingale Asset Management L P now owns 11,733 shares of the company’s stock worth $259,000 after purchasing an additional 900 shares during the last quarter. Legal & General Group Plc acquired a new position in TruBridge in the 2nd quarter valued at $26,000. Barclays PLC increased its position in TruBridge by 8.0% during the 4th quarter. Barclays PLC now owns 15,570 shares of the company’s stock worth $344,000 after buying an additional 1,149 shares during the period. FNY Investment Advisers LLC bought a new position in TruBridge during the 2nd quarter worth $78,000. Finally, State Street Corp lifted its holdings in shares of TruBridge by 1.9% during the fourth quarter. State Street Corp now owns 165,501 shares of the company’s stock worth $3,653,000 after buying an additional 3,020 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

TruBridge Company Profile

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.