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

Shares of TruBridge, Inc. (NASDAQ:TBRG) have been given an average recommendation of “Hold” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.95.

Several equities research analysts recently issued reports on TBRG shares. Stephens reduced their target price on shares of TruBridge from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Cantor Fitzgerald lowered shares of TruBridge from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $25.00 to $26.25 in a report on Thursday, April 23rd. Freedom Capital lowered shares of TruBridge from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Zacks Research upgraded TruBridge from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 6th. Finally, Weiss Ratings upgraded TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nellore Capital Management LLC boosted its stake in TruBridge by 22.5% in the 4th quarter. Nellore Capital Management LLC now owns 915,034 shares of the company’s stock worth $20,195,000 after purchasing an additional 168,002 shares during the period. Vanguard Group Inc. boosted its stake in TruBridge by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 755,373 shares of the company’s stock worth $15,236,000 after purchasing an additional 4,884 shares during the period. Dimensional Fund Advisors LP boosted its stake in TruBridge by 10.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 562,849 shares of the company’s stock worth $8,239,000 after purchasing an additional 54,417 shares during the period. Martin & Co. Inc. TN boosted its stake in TruBridge by 2.8% in the 4th quarter. Martin & Co. Inc. TN now owns 437,031 shares of the company’s stock worth $9,645,000 after purchasing an additional 12,022 shares during the period. Finally, Paradigm Capital Management Inc. NY boosted its stake in TruBridge by 175.9% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 339,000 shares of the company’s stock worth $7,482,000 after purchasing an additional 216,144 shares during the period. 88.64% of the stock is currently owned by institutional investors.

TruBridge Trading Down 0.2%

TruBridge stock opened at $25.84 on Thursday. The firm has a 50 day moving average of $19.94 and a 200 day moving average of $20.58. The firm has a market capitalization of $387.60 million, a price-to-earnings ratio of 129.20, a P/E/G ratio of 2.22 and a beta of 1.30. TruBridge has a 12-month low of $13.88 and a 12-month high of $26.51. The company has a current ratio of 1.78, a quick ratio of 1.79 and a debt-to-equity ratio of 0.90.

TruBridge (NASDAQ:TBRG) last released its earnings results on Friday, May 8th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $86.27 million during the quarter, compared to analyst estimates of $88.52 million. TruBridge had a net margin of 0.92% and a return on equity of 18.75%. As a group, research analysts predict that TruBridge will post 1.47 earnings per share for the current year.

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.