Private Capital Management LLC Has $35 Million Holdings in Asure Software, Inc. (NASDAQ:ASUR)

Private Capital Management LLC trimmed its position in Asure Software, Inc. (NASDAQ:ASUR - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,719,099 shares of the technology company's stock after selling 27,399 shares during the period. Asure Software makes up approximately 3.7% of Private Capital Management LLC's investment portfolio, making the stock its 10th largest holding. Private Capital Management LLC owned 14.01% of Asure Software worth $34,997,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ASUR. Penbrook Management LLC raised its position in Asure Software by 1.8% during the fourth quarter. Penbrook Management LLC now owns 114,035 shares of the technology company's stock worth $1,073,000 after acquiring an additional 2,000 shares in the last quarter. American Century Companies Inc. lifted its stake in Asure Software by 8.5% in the 4th quarter. American Century Companies Inc. now owns 39,313 shares of the technology company's stock valued at $370,000 after purchasing an additional 3,078 shares during the last quarter. Bank of America Corp DE grew its holdings in 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 during the period. Wells Fargo & Company MN increased its position in 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 buying an additional 3,480 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Asure Software by 66.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock valued at $120,000 after buying an additional 5,096 shares during the period. 71.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Asure Software

In related news, Director Ben F. Allen sold 10,000 shares of Asure Software stock in a transaction that occurred 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 transaction, the director now directly owns 47,645 shares of the company's stock, valued at $476,450. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Grace G. Lee sold 7,500 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.51, for a total value of $71,325.00. Following the sale, the director now owns 32,215 shares of the company's stock, valued at $306,364.65. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.90% of the company's stock.

Asure Software Stock Performance

Shares of Asure Software stock traded down $0.09 during trading on Tuesday, reaching $9.88. The company's stock had a trading volume of 4,725 shares, compared to its average volume of 102,023. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The business's 50-day moving average price is $9.63 and its 200-day moving average price is $10.11. Asure Software, Inc. has a 52 week low of $7.37 and a 52 week high of $12.74. The firm has a market cap of $268.28 million, a PE ratio of -21.02, a P/E/G ratio of 1.11 and a beta of 0.43.

Asure Software (NASDAQ:ASUR - Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.06). Asure Software had a positive return on equity of 3.75% and a negative net margin of 10.54%. Equities analysts forecast that Asure Software, Inc. will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ASUR. Barrington Research reiterated an "outperform" rating and set a $17.00 target price on shares of Asure Software in a research note on Monday, April 28th. Needham & Company LLC restated a "buy" rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, May 2nd. Finally, Stephens reiterated an "overweight" rating and issued a $13.00 price target on shares of Asure Software in a research note on Friday, March 7th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Asure Software presently has an average rating of "Buy" and an average target price of $15.00.

About Asure Software

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.