Pacific Ridge Capital Partners LLC trimmed its stake in Asure Software Inc (NASDAQ:ASUR - Free Report) by 4.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 739,070 shares of the technology company's stock after selling 34,502 shares during the quarter. Asure Software comprises 1.9% of Pacific Ridge Capital Partners LLC's portfolio, making the stock its 13th largest position. Pacific Ridge Capital Partners LLC owned about 2.72% of Asure Software worth $7,058,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Asure Software by 1,136.1% during the first quarter. GAMMA Investing LLC now owns 6,131 shares of the technology company's stock valued at $642,000 after buying an additional 5,635 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Asure Software by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock worth $143,000 after purchasing an additional 3,480 shares in the last quarter. Deutsche Bank AG lifted its position in shares of 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 in the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Asure Software during the fourth quarter worth $239,000. Finally, Bank of America Corp DE lifted its position in shares of Asure Software by 13.6% during the fourth quarter. Bank of America Corp DE now owns 27,505 shares of the technology company's stock worth $259,000 after purchasing an additional 3,287 shares in the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.
Asure Software Stock Down 2.7%
ASUR traded down $0.23 during trading on Tuesday, hitting $8.05. The company had a trading volume of 102,919 shares, compared to its average volume of 87,657. The company has a market cap of $218.42 million, a PE ratio of -13.87, a P/E/G ratio of 0.82 and a beta of 0.41. The business has a 50-day moving average of $9.95 and a 200-day moving average of $10.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.27 and a quick ratio of 1.27. Asure Software Inc has a 1-year low of $7.51 and a 1-year high of $12.74.
Insider Transactions at Asure Software
In related 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 value of $100,000.00. Following the sale, the director directly owned 47,645 shares of the company's stock, valued at $476,450. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.70% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ASUR. Needham & Company LLC reduced their target price on shares of Asure Software from $20.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday. Barrington Research reduced their target price on shares of Asure Software from $17.00 to $15.00 and set an "outperform" rating on the stock in a research report on Monday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Asure Software currently has an average rating of "Buy" and a consensus target price of $13.60.
Read Our Latest Stock Report on Asure Software
About Asure Software
(
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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