Stephens Issues Pessimistic Forecast for TruBridge (NASDAQ:TBRG) Stock Price

TruBridge (NASDAQ:TBRG) had its price objective decreased by Stephens from $20.00 to $18.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ price objective would indicate a potential upside of 10.84% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Wall Street Zen upgraded TruBridge from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 18th. Royal Bank Of Canada assumed coverage on TruBridge in a report on Friday, January 9th. They issued a “sector perform” rating and a $23.00 price objective for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of TruBridge in a research note on Wednesday, January 28th. Finally, Zacks Research upgraded shares of TruBridge from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, TruBridge has an average rating of “Reduce” and a consensus target price of $20.17.

TruBridge Stock Up 3.8%

Shares of TBRG stock opened at $16.24 on Wednesday. The firm’s fifty day moving average price is $18.34 and its two-hundred day moving average price is $20.11. The company has a current ratio of 1.91, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. TruBridge has a 1 year low of $13.88 and a 1 year high of $27.15. The firm has a market capitalization of $242.14 million, a P/E ratio of 81.20 and a beta of 0.75.

TruBridge (NASDAQ:TBRG) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.38. The company had revenue of $87.79 million during the quarter, compared to the consensus estimate of $87.60 million. TruBridge had a net margin of 0.85% and a return on equity of 12.23%. On average, equities analysts predict that TruBridge will post 0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TBRG. Nellore Capital Management LLC boosted its position in TruBridge by 22.5% during the fourth 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. raised its position in shares of TruBridge by 0.7% in the third quarter. Vanguard Group Inc. now owns 755,373 shares of the company’s stock valued at $15,236,000 after purchasing an additional 4,884 shares during the period. Dimensional Fund Advisors LP raised its position in shares of TruBridge by 8.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 508,432 shares of the company’s stock valued at $11,221,000 after purchasing an additional 37,839 shares during the period. Martin & Co. Inc. TN lifted its stake in shares of TruBridge by 2.8% during the 4th quarter. Martin & Co. Inc. TN now owns 437,031 shares of the company’s stock worth $9,645,000 after buying an additional 12,022 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its holdings 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 worth $7,482,000 after buying an additional 216,144 shares during the period. 88.64% of the stock is owned by institutional investors and hedge funds.

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.