Sei Investments Co. Has $308,000 Stock Holdings in TruBridge, Inc. (NASDAQ:TBRG)

Sei Investments Co. lessened its holdings in TruBridge, Inc. (NASDAQ:TBRG) by 19.1% in the fourth quarter, HoldingsChannel reports. The fund owned 15,640 shares of the company’s stock after selling 3,700 shares during the period. Sei Investments Co.’s holdings in TruBridge were worth $308,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Truffle Hound Capital LLC bought a new position in shares of TruBridge during the fourth quarter worth approximately $5,916,000. Geode Capital Management LLC acquired a new stake in TruBridge during the third quarter worth approximately $1,747,000. JPMorgan Chase & Co. grew its position in TruBridge by 73.4% during the third quarter. JPMorgan Chase & Co. now owns 112,240 shares of the company’s stock worth $1,342,000 after buying an additional 47,507 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in TruBridge by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,879 shares of the company’s stock worth $1,457,000 after acquiring an additional 716 shares during the period. Finally, State Street Corp acquired a new position in TruBridge in the 3rd quarter valued at $829,000. 88.64% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder Pinetree Capital Ltd. acquired 6,795 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $28.16 per share, with a total value of $191,347.20. Following the acquisition, the insider now directly owns 729,176 shares in the company, valued at $20,533,596.16. The trade was a 0.94 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher L. Fowler sold 5,100 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $27.02, for a total value of $137,802.00. Following the completion of the transaction, the chief executive officer now owns 142,939 shares of the company’s stock, valued at $3,862,211.78. This represents a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have purchased 116,728 shares of company stock worth $3,239,879. Corporate insiders own 10.70% of the company’s stock.

TruBridge Price Performance

Shares of TBRG stock opened at $24.54 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. The company has a market cap of $366.85 million, a P/E ratio of -6.00, a P/E/G ratio of 5.38 and a beta of 0.64. TruBridge, Inc. has a twelve month low of $7.61 and a twelve month high of $32.00. The business has a fifty day simple moving average of $27.47 and a 200 day simple moving average of $20.71.

Analysts Set New Price Targets

A number of brokerages recently commented on TBRG. Stephens restated an “equal weight” rating and issued a $28.00 price target on shares of TruBridge in a research report on Thursday. Cantor Fitzgerald boosted their target price on shares of TruBridge from $20.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th.

About TruBridge

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.