Anchor Capital Advisors LLC acquired a new position in Asure Software, Inc. (NASDAQ:ASUR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 120,944 shares of the technology company's stock, valued at approximately $1,138,000. Anchor Capital Advisors LLC owned 0.46% of Asure Software at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its position in shares of Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company's stock worth $60,000 after buying an additional 5,199 shares during the last quarter. Huntington National Bank purchased a new position in Asure Software in the third quarter worth $64,000. Barclays PLC increased its position in Asure Software by 225.7% during the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company's stock valued at $281,000 after buying an additional 21,533 shares in the last quarter. M&T Bank Corp purchased a new stake in Asure Software in the third quarter valued at about $516,000. Finally, Penbrook Management LLC boosted its holdings in Asure Software by 1.8% in 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. 71.58% of the stock is currently owned by institutional investors.
Asure Software Price Performance
Shares of Asure Software stock traded down $0.01 on Tuesday, reaching $10.31. The company's stock had a trading volume of 63,177 shares, compared to its average volume of 123,041. 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 company has a market capitalization of $273.64 million, a P/E ratio of -21.99, a PEG ratio of 1.11 and a beta of 0.56. The stock has a 50-day moving average price of $11.21 and a 200-day moving average price of $9.82. Asure Software, Inc. has a 52-week low of $6.89 and a 52-week high of $12.74.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ASUR. Lake Street Capital upgraded shares of Asure Software from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Stifel Nicolaus upped their target price on Asure Software from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Needham & Company LLC restated a "buy" rating and issued a $20.00 target price on shares of Asure Software in a research note on Wednesday, January 15th. Northland Securities boosted their price target on Asure Software from $12.50 to $14.00 and gave the company an "outperform" rating in a research note on Wednesday, January 8th. Finally, Stephens restated an "overweight" rating and issued a $13.00 price objective on shares of Asure Software in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $14.17.
Read Our Latest Report on ASUR
Asure Software Profile
(
Free Report)
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.
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