Asure Software, Inc. (NASDAQ:ASUR) Position Reduced by Private Capital Management LLC

Private Capital Management LLC lessened its holdings in shares of Asure Software, Inc. (NASDAQ:ASUR - Free Report) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,746,498 shares of the technology company's stock after selling 66,576 shares during the period. Asure Software comprises approximately 6.8% of Private Capital Management LLC's investment portfolio, making the stock its 9th biggest position. Private Capital Management LLC owned 14.11% of Asure Software worth $33,906,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. FMR LLC boosted its stake in shares of Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company's stock valued at $60,000 after purchasing an additional 5,199 shares during the period. Huntington National Bank bought a new position in Asure Software in the third quarter worth about $64,000. Barclays PLC raised its stake in shares of Asure Software by 225.7% during the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company's stock worth $281,000 after acquiring an additional 21,533 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Asure Software during the third quarter worth $516,000. Finally, Penbrook Management LLC increased its position in Asure Software by 1.8% during the 4th quarter. Penbrook Management LLC now owns 114,035 shares of the technology company's stock valued at $1,073,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 71.58% of the company's stock.

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Asure Software Stock Performance

NASDAQ ASUR traded down $0.09 on Tuesday, reaching $10.22. 83,397 shares of the company's stock traded hands, compared to its average volume of 123,113. The stock has a 50 day moving average price of $11.21 and a 200-day moving average price of $9.82. The firm has a market cap of $271.38 million, a price-to-earnings ratio of -21.74, a P/E/G ratio of 1.11 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. Asure Software, Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $12.74.

Analysts Set New Price Targets

Several analysts have weighed in on ASUR shares. Needham & Company LLC reissued a "buy" rating and set a $20.00 target price on shares of Asure Software in a research report on Wednesday, January 15th. Stifel Nicolaus lifted their price objective on shares of Asure Software from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Lake Street Capital raised Asure Software from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Stephens reaffirmed an "overweight" rating and set a $13.00 price target on shares of Asure Software in a research report on Wednesday, January 15th. Finally, 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. Seven 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 $14.17.

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.