First Eagle Investment Management LLC Takes Position in Asure Software, Inc. (NASDAQ:ASUR)

First Eagle Investment Management LLC bought a new stake in Asure Software, Inc. (NASDAQ:ASUR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 233,923 shares of the technology company's stock, valued at approximately $2,227,000. First Eagle Investment Management LLC owned 0.94% of Asure Software as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the business. Boston Partners bought a new stake in shares of Asure Software in the fourth quarter valued at about $1,619,000. Skylands Capital LLC lifted its position in Asure Software by 12.5% during the fourth quarter. Skylands Capital LLC now owns 78,000 shares of the technology company's stock worth $743,000 after purchasing an additional 8,650 shares during the period. Naples Money Management LLC bought a new stake in Asure Software during the fourth quarter worth about $27,000. P.A.W. Capital Corp lifted its position in Asure Software by 33.3% during the fourth quarter. P.A.W. Capital Corp now owns 360,000 shares of the technology company's stock worth $3,427,000 after purchasing an additional 90,000 shares during the period. Finally, Equitable Trust Co. lifted its position in Asure Software by 30.7% during the fourth quarter. Equitable Trust Co. now owns 99,580 shares of the technology company's stock worth $948,000 after purchasing an additional 23,370 shares during the period. Institutional investors own 71.58% of the company's stock.

Analyst Upgrades and Downgrades

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

Asure Software Price Performance

Shares of ASUR stock traded down $0.16 on Friday, reaching $7.47. The company had a trading volume of 100,931 shares, compared to its average volume of 211,612. The stock has a market capitalization of $192.80 million, a PE ratio of -17.37, a price-to-earnings-growth ratio of 0.71 and a beta of 0.71. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. Asure Software, Inc. has a one year low of $6.30 and a one year high of $15.54. The business's 50-day moving average is $7.63 and its 200 day moving average is $8.34.

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