Strs Ohio bought a new position in Tabula Rasa HealthCare Inc (NASDAQ:TRHC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,900 shares of the company’s stock, valued at approximately $137,000.

A number of other hedge funds have also added to or reduced their stakes in TRHC. Bank of New York Mellon Corp increased its stake in Tabula Rasa HealthCare by 47.2% in the second quarter. Bank of New York Mellon Corp now owns 19,412 shares of the company’s stock worth $293,000 after purchasing an additional 6,228 shares during the period. Teachers Advisors LLC increased its stake in Tabula Rasa HealthCare by 203.5% in the second quarter. Teachers Advisors LLC now owns 16,500 shares of the company’s stock worth $248,000 after purchasing an additional 11,063 shares during the period. TIAA CREF Investment Management LLC increased its stake in Tabula Rasa HealthCare by 206.4% in the second quarter. TIAA CREF Investment Management LLC now owns 24,913 shares of the company’s stock worth $375,000 after purchasing an additional 16,782 shares during the period. New York State Common Retirement Fund increased its stake in Tabula Rasa HealthCare by 257.0% in the second quarter. New York State Common Retirement Fund now owns 10,000 shares of the company’s stock worth $151,000 after purchasing an additional 7,199 shares during the period. Finally, Northern Trust Corp increased its stake in Tabula Rasa HealthCare by 97.4% in the second quarter. Northern Trust Corp now owns 95,862 shares of the company’s stock worth $1,443,000 after purchasing an additional 47,306 shares during the period. Institutional investors and hedge funds own 34.17% of the company’s stock.

Shares of Tabula Rasa HealthCare Inc (NASDAQ TRHC) opened at $35.84 on Wednesday. Tabula Rasa HealthCare Inc has a 12-month low of $11.59 and a 12-month high of $38.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.73 and a quick ratio of 0.66.

A number of equities analysts have recently issued reports on TRHC shares. First Analysis started coverage on Tabula Rasa HealthCare in a research report on Wednesday, November 1st. They set an “overweight” rating and a $41.00 price target on the stock. Piper Jaffray Companies reissued an “overweight” rating and set a $35.00 price target on shares of Tabula Rasa HealthCare in a research report on Tuesday, November 7th. They noted that the move was a valuation call. Wells Fargo & Co increased their price target on Tabula Rasa HealthCare from $21.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, October 19th. Zacks Investment Research downgraded Tabula Rasa HealthCare from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Robert W. Baird reissued an “outperform” rating and set a $30.00 price target (up previously from $22.00) on shares of Tabula Rasa HealthCare in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $29.78.

In related news, major shareholder Growth Fund 1Q Lp Originate sold 684,180 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $25.85, for a total transaction of $17,686,053.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Brian W. Adams acquired 5,391 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were bought at an average cost of $14.23 per share, for a total transaction of $76,713.93. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 1,107,180 shares of company stock worth $28,761,763. 45.80% of the stock is owned by corporate insiders.

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Tabula Rasa HealthCare Company Profile

Tabula Rasa HealthCare, Inc (Tabula Rasa), formerly CareKinesis, Inc, is a provider of patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations and manage risk. The Company delivers its solutions through a suite of technology-enabled products and services for medication risk management, which includes bundled prescription fulfillment and adherence packaging services for client populations with complex prescription needs.

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Institutional Ownership by Quarter for Tabula Rasa HealthCare (NASDAQ:TRHC)

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