Royce & Associates LP Buys 104,170 Shares of Asure Software Inc (NASDAQ:ASUR)

Key Points

• Royce & Associates LP increased its stake in Asure Software Inc by 60.4%, holding 276,670 shares valued at approximately $2.64 million.
• Asure Software has received a series of positive ratings from analysts, including a "buy" rating and a price target increase to $20.00 from Needham & Company LLC.
• Insider transactions revealed that Director Ben F. Allen sold 10,000 shares for a total of $100,000, reducing his ownership in the company by 17.35%.

Royce & Associates LP lifted its holdings in shares of Asure Software Inc (NASDAQ:ASUR - Free Report) by 60.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 276,670 shares of the technology company's stock after purchasing an additional 104,170 shares during the period. Royce & Associates LP owned 1.02% of Asure Software worth $2,642,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in shares of Asure Software by 33.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,899 shares of the technology company's stock worth $301,000 after purchasing an additional 7,939 shares during the period. Advisor Resource Council acquired a new position in shares of Asure Software in the 1st quarter worth approximately $1,864,000. Envestnet Asset Management Inc. acquired a new position in Asure Software in the fourth quarter valued at $239,000. Barclays PLC lifted its holdings in Asure Software by 17.7% in the fourth quarter. Barclays PLC now owns 36,586 shares of the technology company's stock valued at $344,000 after buying an additional 5,511 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Asure Software by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company's stock valued at $8,444,000 after buying an additional 48,836 shares during the period. Institutional investors and hedge funds own 71.58% of the company's stock.

Asure Software Stock Up 1.3%

ASUR stock traded up $0.13 during trading on Thursday, reaching $9.83. 17,627 shares of the stock were exchanged, compared to its average volume of 84,172. The firm's 50 day moving average is $9.99 and its 200 day moving average is $10.28. Asure Software Inc has a twelve month low of $7.51 and a twelve month high of $12.74. 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 firm has a market cap of $266.75 million, a P/E ratio of -18.48, a price-to-earnings-growth ratio of 1.00 and a beta of 0.40.

Asure Software (NASDAQ:ASUR - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates 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, research analysts forecast that Asure Software Inc will post 0.37 EPS for the current year.

Insiders Place Their Bets

In other Asure Software news, Director Ben F. Allen sold 10,000 shares of the company's stock in a transaction 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 owned 47,645 shares in the company, valued at approximately $476,450. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $20.00 price objective on shares of Asure Software in a research note on Wednesday, July 2nd. Barrington Research reissued an "outperform" rating and issued a $17.00 price target on shares of Asure Software in a research note on Tuesday, July 22nd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $15.00.

Asure Software 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.