Sei Investments Co. Acquires 21,691 Shares of TruBridge, Inc. $TBRG

Sei Investments Co. boosted its holdings in shares of TruBridge, Inc. (NASDAQ:TBRG) by 99.8% in the 1st quarter, Holdings Channel reports. The firm owned 43,422 shares of the company’s stock after buying an additional 21,691 shares during the period. Sei Investments Co.’s holdings in TruBridge were worth $636,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Legal & General Group Plc bought a new position in shares of TruBridge in the 2nd quarter valued at $26,000. New York State Common Retirement Fund bought a new stake in shares of TruBridge during the 2nd quarter worth $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of TruBridge during the 2nd quarter worth $128,000. R Squared Ltd acquired a new stake in TruBridge in the first quarter valued at about $150,000. Finally, State of Wyoming acquired a new stake in TruBridge in the second quarter valued at about $161,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

TBRG has been the subject of several research analyst reports. Wall Street Zen downgraded TruBridge from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded shares of TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Zacks Research downgraded 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 price target on shares of TruBridge in a report on Friday, April 24th. Finally, Freedom Capital cut shares of TruBridge from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.95.

TruBridge Stock Performance

NASDAQ TBRG opened at $26.24 on Friday. The company has a market cap of $393.60 million, a price-to-earnings ratio of 131.20 and a beta of 1.28. TruBridge, Inc. has a twelve month low of $13.88 and a twelve month high of $26.51. 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 business’s fifty day moving average is $26.20 and its 200 day moving average is $22.84.

TruBridge 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.