Whittier Trust Co. Buys Shares of 457,411 Asure Software, Inc. (NASDAQ:ASUR)

Whittier Trust Co. bought a new stake in Asure Software, Inc. (NASDAQ:ASUR - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm bought 457,411 shares of the technology company's stock, valued at approximately $4,140,000. Whittier Trust Co. owned about 1.73% of Asure Software at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Asure Software by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company's stock worth $9,191,000 after acquiring an additional 71,495 shares during the period. Swedbank AB lifted its position in Asure Software by 16.7% in the second quarter. Swedbank AB now owns 700,000 shares of the technology company's stock worth $5,880,000 after purchasing an additional 100,000 shares during the period. Boston Partners boosted its stake in Asure Software by 43.3% during the first quarter. Boston Partners now owns 243,710 shares of the technology company's stock worth $1,896,000 after buying an additional 73,633 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in Asure Software during the second quarter worth $782,000. Finally, Pacific Ridge Capital Partners LLC increased its holdings in Asure Software by 7.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company's stock valued at $6,334,000 after buying an additional 55,123 shares during the period. Institutional investors own 71.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ASUR shares. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of Asure Software in a report on Friday, August 2nd. Stephens began coverage on shares of Asure Software in a research report on Wednesday, October 16th. They issued an "overweight" rating and a $13.00 price target for the company. Finally, Barrington Research reaffirmed an "outperform" rating and set a $17.00 price objective on shares of Asure Software in a report on Tuesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $13.33.

Insider Buying and Selling at Asure Software

In other news, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $8.69, for a total value of $43,450.00. Following the completion of the sale, the director now owns 28,165 shares of the company's stock, valued at approximately $244,753.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CRO Eyal Goldstein sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total transaction of $84,400.00. Following the transaction, the executive now directly owns 239,243 shares of the company's stock, valued at approximately $2,019,210.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel M. Gill sold 5,000 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $8.69, for a total transaction of $43,450.00. Following the completion of the sale, the director now directly owns 28,165 shares of the company's stock, valued at $244,753.85. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.90% of the company's stock.

Asure Software Price Performance

Shares of Asure Software stock traded down $0.06 during mid-day trading on Tuesday, reaching $9.60. 40,223 shares of the stock were exchanged, compared to its average volume of 155,146. The company has a market cap of $247.80 million, a price-to-earnings ratio of -22.33, a price-to-earnings-growth ratio of 0.92 and a beta of 0.55. Asure Software, Inc. has a fifty-two week low of $6.30 and a fifty-two week high of $10.52. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The firm has a 50-day simple moving average of $8.77 and a 200 day simple moving average of $8.32.

Asure Software (NASDAQ:ASUR - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $28.04 million during the quarter, compared to the consensus estimate of $28.56 million. Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. On average, sell-side analysts predict that Asure Software, Inc. will post 0.49 EPS for the current fiscal year.

Asure Software 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.