Asure Software Inc (NASDAQ:ASUR) Shares Sold by P.A.W. Capital Corp

P.A.W. Capital Corp trimmed its holdings in Asure Software Inc (NASDAQ:ASUR - Free Report) by 36.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 220,000 shares of the technology company's stock after selling 128,839 shares during the quarter. Asure Software comprises 5.2% of P.A.W. Capital Corp's portfolio, making the stock its 7th biggest holding. P.A.W. Capital Corp owned about 0.81% of Asure Software worth $2,101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ASUR. Advisor Resource Council bought a new position in Asure Software in the 1st quarter worth approximately $1,864,000. GAMMA Investing LLC increased its stake in shares of Asure Software by 1,136.1% in the 1st 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 during the period. Needham Investment Management LLC raised its position in shares of Asure Software by 0.5% during the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company's stock worth $23,478,000 after acquiring an additional 12,500 shares during the last quarter. Deutsche Bank AG lifted its stake 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 valued at $175,000 after acquiring an additional 6,175 shares during the period. Finally, Bank of America Corp DE lifted its stake 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 valued at $259,000 after acquiring an additional 3,287 shares during the period. Institutional investors and hedge funds own 71.58% of the company's stock.

Asure Software Trading Up 5.3%

NASDAQ ASUR traded up $0.57 on Friday, reaching $11.38. The company had a trading volume of 57,195 shares, compared to its average volume of 97,525. Asure Software Inc has a 52 week low of $7.51 and a 52 week high of $12.74. The stock's 50 day moving average is $9.83 and its 200-day moving average is $10.23. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.03. The stock has a market cap of $309.08 million, a price-to-earnings ratio of -21.48, a PEG ratio of 1.12 and a beta of 0.40.

Asure Software (NASDAQ:ASUR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). Asure Software had a negative net margin of 11.27% and a positive return on equity of 4.52%. Equities analysts predict that Asure Software Inc will post 0.37 earnings per share for the current year.

Wall Street Analyst Weigh In

ASUR has been the subject of several recent research reports. Barrington Research reissued an "outperform" rating and set a $17.00 price objective on shares of Asure Software in a report on Wednesday. Needham & Company LLC reissued a "buy" rating and set a $20.00 price target on shares of Asure Software in a research note on Wednesday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $15.00.

Insiders Place Their Bets

In other news, Director Ben F. Allen sold 10,000 shares of the business'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 completion of the transaction, the director owned 47,645 shares of the company's stock, valued at $476,450. The trade was a 17.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.70% of the company's stock.

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.