Skylands Capital LLC lifted its stake in Asure Software, Inc. (NASDAQ:ASUR - Free Report) by 28.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,369 shares of the technology company's stock after acquiring an additional 38,976 shares during the quarter. Skylands Capital LLC owned approximately 0.66% of Asure Software worth $1,641,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Needham Investment Management LLC boosted its stake 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 worth $22,467,000 after acquiring an additional 502,500 shares in the last quarter. Swedbank AB increased its stake in shares of Asure Software by 7.1% in 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 during the period. Geode Capital Management LLC lifted its position in shares of Asure Software by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company's stock worth $5,251,000 after purchasing an additional 24,649 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in Asure Software during the 3rd quarter valued at approximately $5,191,000. Finally, Rice Hall James & Associates LLC grew its holdings in Asure Software by 465.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company's stock valued at $4,763,000 after buying an additional 433,197 shares during the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.
Asure Software Trading Down 6.1 %
Shares of NASDAQ ASUR traded down $0.69 during midday trading on Thursday, reaching $10.57. 98,075 shares of the stock were exchanged, compared to its average volume of 101,939. 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 $12.74. The business has a 50-day simple moving average of $11.16 and a two-hundred day simple moving average of $9.76. The company has a market capitalization of $280.68 million, a price-to-earnings ratio of -22.49, a P/E/G ratio of 1.11 and a beta of 0.56.
Analysts Set New Price Targets
ASUR has been the subject of a number of research analyst reports. Northland Securities upped their price objective on shares of Asure Software from $12.50 to $14.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Stifel Nicolaus increased their target price on shares of Asure Software from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Lake Street Capital raised Asure Software from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Stephens reissued an "overweight" rating and set a $13.00 price target on shares of Asure Software in a research note on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $14.17.
Check Out Our Latest Research Report on ASUR
Asure Software Company 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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