Boston Partners Invests $1.62 Million in Asure Software, Inc. (NASDAQ:ASUR)

Boston Partners acquired a new position in shares of Asure Software, Inc. (NASDAQ:ASUR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 170,077 shares of the technology company's stock, valued at approximately $1,619,000. Boston Partners owned 0.68% of Asure Software at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Commonwealth Equity Services LLC purchased a new position in shares of Asure Software in the 3rd quarter worth about $95,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Asure Software by 40.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 14,000 shares of the technology company's stock worth $132,000 after acquiring an additional 4,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Asure Software by 6.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 179,319 shares of the technology company's stock valued at $1,696,000 after acquiring an additional 11,536 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in Asure Software by 44.2% in the 3rd quarter. Panagora Asset Management Inc. now owns 66,955 shares of the technology company's stock valued at $633,000 after purchasing an additional 20,532 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. purchased a new position in Asure Software in the third quarter valued at about $183,000. 71.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. TD Cowen decreased their target price on Asure Software from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Monday, May 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Asure Software in a research report on Thursday. Finally, Barrington Research reissued an "outperform" rating and set a $17.00 target price on shares of Asure Software in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.40.

Asure Software Stock Down 2.1 %

NASDAQ ASUR traded down $0.16 during mid-day trading on Friday, reaching $7.47. 100,931 shares of the company's stock traded hands, compared to its average volume of 211,612. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03. Asure Software, Inc. has a 1-year low of $6.30 and a 1-year high of $15.54. The company has a fifty day simple moving average of $7.63 and a 200-day simple moving average of $8.34. The company has a market cap of $192.80 million, a price-to-earnings ratio of -17.37, a P/E/G ratio of 0.73 and a beta of 0.71.

Asure Software (NASDAQ:ASUR - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The technology company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $26.26 million during the quarter, compared to the consensus estimate of $26.45 million. Asure Software had a negative net margin of 8.38% and a positive return on equity of 3.86%. As a group, equities research analysts expect that Asure Software, Inc. will post 0.5 EPS for the current year.

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.