Sei Investments Co. Has $636,000 Stock Holdings in TruBridge, Inc. $TBRG

Sei Investments Co. grew its position in shares of TruBridge, Inc. (NASDAQ:TBRG) by 99.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,422 shares of the company’s stock after buying an additional 21,691 shares during the period. Sei Investments Co. owned approximately 0.29% of TruBridge worth $636,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of TruBridge by 10.7% in the first quarter. Dimensional Fund Advisors LP now owns 562,849 shares of the company’s stock valued at $8,239,000 after acquiring an additional 54,417 shares during the period. R Squared Ltd bought a new position in TruBridge during the first quarter worth about $150,000. Martingale Asset Management L P increased its position in TruBridge by 8.3% during the fourth quarter. Martingale Asset Management L P now owns 11,733 shares of the company’s stock worth $259,000 after acquiring an additional 900 shares during the period. Verition Fund Management LLC acquired a new stake in TruBridge in the 4th quarter worth about $258,000. Finally, Millennium Management LLC acquired a new stake in TruBridge in the 3rd quarter worth about $254,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

TruBridge Stock Performance

Shares of TruBridge stock opened at $26.24 on Friday. The company has a market capitalization of $393.60 million, a price-to-earnings ratio of 131.20 and a beta of 1.28. 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 50-day moving average price is $26.20 and its two-hundred day moving average price is $22.84.

Analyst Ratings Changes

TBRG has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of TruBridge from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Zacks Research downgraded shares of TruBridge from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. Freedom Capital cut TruBridge from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. BMO Capital Markets reissued a “market perform” rating and set a $26.25 price target on shares of TruBridge in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $26.25 price objective on shares of TruBridge in a research note on Monday, April 27th. Eight investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.95.

About TruBridge

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.