ArrowMark Colorado Holdings LLC Invests $5.19 Million in Asure Software, Inc. (NASDAQ:ASUR)

ArrowMark Colorado Holdings LLC purchased a new stake in shares of Asure Software, Inc. (NASDAQ:ASUR - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 573,619 shares of the technology company's stock, valued at approximately $5,191,000. ArrowMark Colorado Holdings LLC owned 2.16% of Asure Software at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ASUR. FMR LLC boosted its holdings in Asure Software by 350.8% in the third quarter. FMR LLC now owns 6,681 shares of the technology company's stock worth $60,000 after acquiring an additional 5,199 shares in the last quarter. Swedbank AB grew its position in Asure Software by 7.1% during the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company's stock valued at $6,788,000 after purchasing an additional 50,000 shares during the last quarter. Huntington National Bank bought a new stake in Asure Software during the 3rd quarter valued at about $64,000. Rice Hall James & Associates LLC raised its holdings in Asure Software by 465.1% in the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company's stock worth $4,763,000 after buying an additional 433,197 shares during the last quarter. Finally, Whittier Trust Co. bought a new position in shares of Asure Software in the third quarter worth approximately $4,140,000. 71.58% of the stock is owned by institutional investors.

Asure Software Stock Performance

Shares of ASUR traded down $0.07 during trading hours on Tuesday, hitting $9.62. The stock had a trading volume of 17,384 shares, compared to its average volume of 148,753. The firm has a market capitalization of $255.41 million, a PE ratio of -20.53, a PEG ratio of 1.55 and a beta of 0.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software, Inc. has a 12 month low of $6.89 and a 12 month high of $10.52. The stock has a fifty day moving average price of $9.16 and a 200 day moving average price of $8.73.

Analysts Set New Price Targets

ASUR has been the subject of several analyst reports. Stephens initiated coverage on shares of Asure Software in a research report on Wednesday, October 16th. They set an "overweight" rating and a $13.00 price target for the company. Needham & Company LLC restated a "buy" rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday, November 1st. Northland Securities dropped their price objective on Asure Software from $16.00 to $12.50 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Finally, Barrington Research reissued an "outperform" rating and issued a $17.00 target price on shares of Asure Software in a research report on Monday, October 28th. Five equities research 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 a consensus price target of $14.50.

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.