Advisor Resource Council Makes New Investment in Asure Software Inc (NASDAQ:ASUR)

Advisor Resource Council bought a new position in shares of Asure Software Inc (NASDAQ:ASUR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 205,429 shares of the technology company's stock, valued at approximately $1,864,000. Advisor Resource Council owned approximately 0.76% of Asure Software at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Intech Investment Management LLC acquired a new position in Asure Software during the fourth quarter worth about $104,000. PNC Financial Services Group Inc. grew its holdings in shares of Asure Software by 66.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock worth $120,000 after acquiring an additional 5,096 shares during the period. Wells Fargo & Company MN increased its stake in Asure Software by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock valued at $143,000 after purchasing an additional 3,480 shares in the last quarter. Deutsche Bank AG raised its holdings in Asure Software by 49.6% during the fourth quarter. Deutsche Bank AG now owns 18,625 shares of the technology company's stock worth $175,000 after purchasing an additional 6,175 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Asure Software in the fourth quarter valued at $239,000. 71.58% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Asure Software news, Director Ben F. Allen sold 10,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the sale, the director now directly owns 47,645 shares of the company's stock, valued at approximately $476,450. This trade represents a 17.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.70% of the company's stock.

Asure Software Stock Up 1.6%

ASUR opened at $9.30 on Friday. The firm has a market cap of $252.50 million, a P/E ratio of -17.55, a PEG ratio of 0.90 and a beta of 0.41. The business's fifty day simple moving average is $9.67 and its 200 day simple moving average is $10.16. Asure Software Inc has a 52 week low of $7.51 and a 52 week high of $12.74. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.03.

Asure Software (NASDAQ:ASUR - Get Free Report) last released its quarterly earnings results 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, equities research analysts anticipate that Asure Software Inc will post 0.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ASUR has been the subject of several research reports. Stephens reaffirmed an "overweight" rating and set a $13.00 price target on shares of Asure Software in a research note on Friday, March 7th. 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. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Asure Software in a report on Tuesday, May 27th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $15.00.

Asure Software Company Profile

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.

Want to see what other hedge funds are holding ASUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Asure Software Inc (NASDAQ:ASUR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.