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

Private Capital Management LLC lowered its position in shares of Asure Software, Inc. (NASDAQ:ASUR - Free Report) by 0.7% during the 4th quarter, according to 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 quarter. Asure Software accounts for about 3.7% of Private Capital Management LLC's investment portfolio, making the stock its 10th largest position. Private Capital Management LLC owned approximately 14.01% of Asure Software worth $34,997,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new position in Asure Software during the fourth quarter valued at approximately $104,000. PNC Financial Services Group Inc. grew its stake in Asure Software by 66.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock valued at $120,000 after acquiring an additional 5,096 shares in the last quarter. Wells Fargo & Company MN grew its stake 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 valued at $143,000 after acquiring an additional 3,480 shares in the last quarter. Deutsche Bank AG grew its stake in 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 in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Asure Software during the fourth quarter valued at $239,000. Hedge funds and other institutional investors own 71.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, May 2nd. Stephens reaffirmed an "overweight" rating and set a $13.00 target price on shares of Asure Software in a research note on Friday, March 7th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $17.00 target price on shares of Asure Software in a research note on Monday, April 28th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Asure Software presently has an average rating of "Buy" and an average target price of $15.00.

Asure Software Price Performance

ASUR stock traded down $0.07 during trading on Friday, hitting $9.93. 57,259 shares of the company's stock traded hands, compared to its average volume of 102,675. Asure Software, Inc. has a 52 week low of $7.37 and a 52 week high of $12.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The business has a fifty day simple moving average of $9.62 and a 200 day simple moving average of $10.10. The stock has a market capitalization of $269.64 million, a price-to-earnings ratio of -21.13, a P/E/G ratio of 1.11 and a beta of 0.43.

Asure Software (NASDAQ:ASUR - Get Free Report) last released its quarterly earnings data 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 negative net margin of 10.54% and a positive return on equity of 3.75%. As a group, research analysts expect that Asure Software, Inc. will post 0.37 EPS for the current fiscal year.

Insider Transactions at Asure Software

In other news, Director Ben F. Allen sold 10,000 shares of the firm's stock in a transaction dated 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 sale, the director now owns 47,645 shares in the company, valued at approximately $476,450. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Grace G. Lee sold 7,500 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the sale, the director now owns 32,215 shares of the company's stock, valued at $306,364.65. This trade represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.90% of the company's stock.

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.