Polaris Capital Management LLC Sells 59,150 Shares of TruBridge, Inc. (NASDAQ:TBRG)

Polaris Capital Management LLC reduced its position in TruBridge, Inc. (NASDAQ:TBRG) by 50.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,000 shares of the company’s stock after selling 59,150 shares during the period. Polaris Capital Management LLC’s holdings in TruBridge were worth $1,124,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. acquired a new stake in TruBridge in the 3rd quarter worth approximately $875,000. GSA Capital Partners LLP acquired a new stake in TruBridge in the 3rd quarter valued at $389,000. BNP Paribas Financial Markets acquired a new stake in TruBridge during the 3rd quarter worth $161,000. Geode Capital Management LLC acquired a new stake in TruBridge during the 3rd quarter worth $1,747,000. Finally, State Street Corp acquired a new position in shares of TruBridge during the 3rd quarter valued at about $829,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Stephens boosted their price objective on shares of TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Barclays upped their target price on shares of TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th.

Insider Activity

In other news, Director Mark V. Anquillare acquired 2,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was acquired at an average cost of $16.81 per share, with a total value of $42,025.00. Following the completion of the acquisition, the director now owns 17,178 shares of the company’s stock, valued at $288,762.18. The trade was a 17.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

TruBridge Stock Up 1.1 %

TBRG stock opened at $25.52 on Tuesday. TruBridge, Inc. has a twelve month low of $7.55 and a twelve month high of $26.72. The business has a 50 day simple moving average of $21.10 and a 200-day simple moving average of $15.86. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78.

TruBridge Company Profile

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.