Paradigm Capital Management Inc. NY Has $762,000 Position in TruBridge, Inc. $TBRG

Paradigm Capital Management Inc. NY lessened its stake in TruBridge, Inc. (NASDAQ:TBRG) by 84.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,062 shares of the company’s stock after selling 286,938 shares during the period. Paradigm Capital Management Inc. NY’s holdings in TruBridge were worth $762,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc bought a new position in shares of TruBridge during the second quarter worth about $26,000. New York State Common Retirement Fund acquired a new position in shares of TruBridge in the second quarter worth approximately $101,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in TruBridge in the second quarter valued at approximately $128,000. State of Wyoming bought a new stake in TruBridge in the second quarter valued at approximately $161,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in TruBridge during the 1st quarter valued at approximately $221,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

TruBridge Price Performance

TruBridge stock opened at $26.24 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.90. TruBridge, Inc. has a 12-month low of $13.88 and a 12-month high of $26.51. The firm’s fifty day moving average is $26.11 and its 200 day moving average is $22.32. The company has a market capitalization of $393.60 million, a PE ratio of 131.20 and a beta of 1.28.

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

Wall Street Analyst Weigh In

TBRG has been the subject of several analyst reports. Weiss Ratings upgraded shares of TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Zacks Research lowered shares of TruBridge from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. Wall Street Zen cut shares of TruBridge from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 25th. Cantor Fitzgerald reissued a “neutral” rating on shares of TruBridge in a research note on Friday, July 10th. Finally, Stephens decreased their target price on TruBridge from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Eight research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.95.

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.