TruBridge (NASDAQ:TBRG) Receives “Neutral” Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of TruBridge (NASDAQ:TBRG) in a research note released on Friday morning,Benzinga reports.

TBRG has been the subject of a number of other reports. Freedom Capital lowered TruBridge from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Stephens lowered their price objective on shares of TruBridge from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Wall Street Zen lowered shares of TruBridge from a “strong-buy” rating to a “buy” rating in a research report 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. Finally, Zacks Research downgraded shares of TruBridge from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $23.95.

TruBridge Stock Performance

Shares of NASDAQ:TBRG opened at $26.24 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.77 and a current ratio of 1.78. The stock’s 50-day moving average is $26.03 and its 200-day moving average is $22.02. The company has a market cap of $393.60 million, a P/E ratio of 131.20 and a beta of 1.28. TruBridge has a 52-week low of $13.88 and a 52-week high of $26.51.

TruBridge (NASDAQ:TBRG) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. TruBridge had a return on equity of 18.75% and a net margin of 0.92%.The business had revenue of $86.27 million during the quarter, compared to analysts’ expectations of $88.52 million.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Martingale Asset Management L P boosted its position in TruBridge by 8.3% in the 4th quarter. Martingale Asset Management L P now owns 11,733 shares of the company’s stock valued at $259,000 after buying an additional 900 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of TruBridge during the second quarter worth $26,000. Barclays PLC lifted its stake in shares of TruBridge by 8.0% during the fourth quarter. Barclays PLC now owns 15,570 shares of the company’s stock valued at $344,000 after acquiring an additional 1,149 shares during the period. FNY Investment Advisers LLC bought a new position in TruBridge in the second quarter valued at about $78,000. Finally, State Street Corp boosted its holdings in TruBridge by 1.9% in the fourth quarter. State Street Corp now owns 165,501 shares of the company’s stock valued at $3,653,000 after acquiring an additional 3,020 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

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.