Advisor Resource Council purchased a new position in shares of Asure Software Inc (NASDAQ:ASUR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 205,429 shares of the technology company's stock, valued at approximately $1,864,000. Advisor Resource Council owned about 0.76% of Asure Software at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Tallon Kerry Patrick acquired a new position in Asure Software in the 4th quarter valued at $1,372,000. Skylands Capital LLC lifted its position in Asure Software by 28.8% in the fourth quarter. Skylands Capital LLC now owns 174,369 shares of the technology company's stock valued at $1,641,000 after purchasing an additional 38,976 shares during the period. Anchor Capital Advisors LLC purchased a new stake in Asure Software in the 4th quarter valued at approximately $1,138,000. Unified Investment Management acquired a new position in Asure Software during the 4th quarter worth approximately $343,000. Finally, M&T Bank Corp raised its stake in shares of Asure Software by 36.4% during the 4th quarter. M&T Bank Corp now owns 77,798 shares of the technology company's stock worth $732,000 after buying an additional 20,758 shares in the last quarter. Hedge funds and other institutional investors own 71.58% of the company's stock.
Asure Software Price Performance
Shares of NASDAQ ASUR traded up $0.19 during trading on Tuesday, reaching $9.72. The company had a trading volume of 52,548 shares, compared to its average volume of 98,457. The stock has a market capitalization of $263.94 million, a PE ratio of -18.34, a price-to-earnings-growth ratio of 0.92 and a beta of 0.41. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $9.68 and a two-hundred day moving average price of $10.17. Asure Software Inc has a twelve month low of $7.51 and a twelve month high of $12.74.
Asure Software (NASDAQ:ASUR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.06). Asure Software had a positive return on equity of 4.52% and a negative net margin of 11.27%. As a group, sell-side analysts predict that Asure Software Inc will post 0.37 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on ASUR. Stephens reaffirmed an "overweight" rating and set a $13.00 price objective on shares of Asure Software in a report on Friday, March 7th. Barrington Research reaffirmed an "outperform" rating and set a $17.00 price target on shares of Asure Software in a research note on Tuesday, May 27th. Finally, Needham & Company LLC restated a "buy" rating and set a $20.00 target price on shares of Asure Software in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $15.00.
Check Out Our Latest Stock Report on ASUR
Insider Buying and Selling
In other Asure Software news, Director Ben F. Allen sold 10,000 shares of Asure Software stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the transaction, the director now directly owns 47,645 shares of the company's stock, valued at $476,450. The trade was a 17.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.70% of the company's stock.
Asure Software Profile
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Free Report)
Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.
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