Pacific Ridge Capital Partners LLC Acquires 86,277 Shares of Asure Software, Inc. (NASDAQ:ASUR)

Pacific Ridge Capital Partners LLC lifted its position in Asure Software, Inc. (NASDAQ:ASUR - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 773,572 shares of the technology company's stock after purchasing an additional 86,277 shares during the quarter. Asure Software comprises approximately 1.7% of Pacific Ridge Capital Partners LLC's portfolio, making the stock its 16th largest holding. Pacific Ridge Capital Partners LLC owned approximately 2.91% of Asure Software worth $7,279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Swedbank AB grew its holdings in shares of Asure Software by 7.1% during the third quarter. Swedbank AB now owns 750,000 shares of the technology company's stock worth $6,788,000 after purchasing an additional 50,000 shares in the last quarter. FMR LLC lifted its stake in Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company's stock worth $60,000 after purchasing an additional 5,199 shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in shares of Asure Software in the 3rd quarter worth about $5,191,000. Needham Investment Management LLC increased its position in shares of Asure Software by 25.4% during the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company's stock valued at $22,467,000 after purchasing an additional 502,500 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Asure Software by 0.5% during the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company's stock valued at $3,885,000 after buying an additional 1,961 shares in the last quarter. Hedge funds and other institutional investors own 71.58% of the company's stock.

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Insider Activity at Asure Software

In other news, Director Grace G. Lee sold 7,500 shares of the company's stock in a transaction dated Monday, March 17th. The shares were 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 represents a 18.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.90% of the stock is owned by insiders.

Asure Software Stock Performance

Shares of Asure Software stock traded down $0.11 during trading on Monday, hitting $9.50. 9,513 shares of the company's stock traded hands, compared to its average volume of 104,194. Asure Software, Inc. has a 1 year low of $6.89 and a 1 year high of $12.74. The business has a 50-day simple moving average of $10.98 and a 200-day simple moving average of $9.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $256.30 million, a P/E ratio of -20.21, a PEG ratio of 1.11 and a beta of 0.60.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ASUR. Stifel Nicolaus upped their price objective on shares of Asure Software from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Barrington Research restated an "outperform" rating and issued a $17.00 target price on shares of Asure Software in a research note on Friday, March 7th. Needham & Company LLC restated a "buy" rating and set a $20.00 target price on shares of Asure Software in a report on Friday, March 7th. Stephens reissued an "overweight" rating and set a $13.00 price objective on shares of Asure Software in a research note on Friday, March 7th. Finally, Lake Street Capital raised Asure Software from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Asure Software presently has an average rating of "Buy" and a consensus price target of $14.17.

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.