TruBridge, Inc. (NASDAQ:TBRG – Get Free Report) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $23.95.
A number of equities research analysts have issued reports on TBRG shares. Freedom Capital lowered shares of TruBridge from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Weiss Ratings raised shares of TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Wall Street Zen lowered shares of TruBridge from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Stephens decreased 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 note on Wednesday, April 1st. Finally, Cantor Fitzgerald lowered shares of TruBridge from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $25.00 to $26.25 in a research note on Thursday, April 23rd.
View Our Latest Stock Report on TBRG
TruBridge Stock Performance
TruBridge (NASDAQ:TBRG – Get Free Report) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. TruBridge had a net margin of 0.92% and a return on equity of 18.75%. The firm had revenue of $86.27 million during the quarter, compared to analyst estimates of $88.52 million.
Institutional Investors Weigh In On TruBridge
A number of institutional investors have recently modified their holdings of TBRG. Paradigm Capital Management Inc. NY boosted its stake in shares of TruBridge by 175.9% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 339,000 shares of the company’s stock valued at $7,482,000 after buying an additional 216,144 shares during the period. Nellore Capital Management LLC boosted its stake in shares of TruBridge by 22.5% during the 4th quarter. Nellore Capital Management LLC now owns 915,034 shares of the company’s stock valued at $20,195,000 after buying an additional 168,002 shares during the period. Geode Capital Management LLC boosted 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 valued at $6,291,000 after buying an additional 117,298 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of TruBridge during the 3rd quarter valued at $1,911,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of TruBridge by 15.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 470,593 shares of the company’s stock valued at $9,492,000 after purchasing an additional 63,112 shares in the last quarter. Institutional investors and hedge funds 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.
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