M&T Bank Corp bought a new stake in Asure Software, Inc. (NASDAQ:ASUR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 57,040 shares of the technology company's stock, valued at approximately $516,000. M&T Bank Corp owned 0.21% of Asure Software at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its holdings in Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company's stock worth $60,000 after purchasing an additional 5,199 shares in the last quarter. Huntington National Bank purchased a new position in Asure Software during the third quarter valued at approximately $64,000. American Century Companies Inc. increased its holdings in Asure Software by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company's stock worth $228,000 after acquiring an additional 4,756 shares during the period. Rhumbline Advisers increased its holdings in Asure Software by 11.4% during the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company's stock worth $242,000 after acquiring an additional 2,948 shares during the period. Finally, Barclays PLC lifted its stake in Asure Software by 225.7% in the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company's stock worth $281,000 after purchasing an additional 21,533 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors.
Asure Software Trading Down 2.0 %
Shares of NASDAQ ASUR traded down $0.19 during trading hours on Wednesday, hitting $9.13. The company's stock had a trading volume of 148,065 shares, compared to its average volume of 147,669. Asure Software, Inc. has a 12 month low of $6.89 and a 12 month high of $10.52. The stock has a market cap of $242.44 million, a price-to-earnings ratio of -19.43, a P/E/G ratio of 1.64 and a beta of 0.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50-day simple moving average of $9.27 and a 200-day simple moving average of $8.88.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on ASUR shares. Stifel Nicolaus upped their price target on shares of Asure Software from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday. Barrington Research reiterated an "outperform" rating and set a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Stephens started coverage on shares of Asure Software in a research report on Wednesday, October 16th. They issued an "overweight" rating and a $13.00 price objective on the stock. Needham & Company LLC reiterated a "buy" rating and set a $20.00 target price on shares of Asure Software in a research report on Friday, November 1st. Finally, Northland Securities cut their price target on shares of Asure Software from $16.00 to $12.50 and set an "outperform" rating for the company in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $13.92.
Read Our Latest Analysis 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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![Institutional Ownership by Quarter for Asure Software (NASDAQ:ASUR)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=ASUR)
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