Rice Hall James & Associates LLC Grows Stock Position in Asure Software, Inc. (NASDAQ:ASUR)

Rice Hall James & Associates LLC grew its position in Asure Software, Inc. (NASDAQ:ASUR - Free Report) by 465.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 526,345 shares of the technology company's stock after acquiring an additional 433,197 shares during the period. Rice Hall James & Associates LLC owned about 1.99% of Asure Software worth $4,763,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ASUR. Vanguard Group Inc. grew its holdings in Asure Software by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company's stock valued at $9,191,000 after purchasing an additional 71,495 shares during the period. Swedbank AB grew its stake in Asure Software by 16.7% in the 2nd quarter. Swedbank AB now owns 700,000 shares of the technology company's stock valued at $5,880,000 after acquiring an additional 100,000 shares during the period. Boston Partners raised its position 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 acquiring an additional 73,633 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in Asure Software by 7.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company's stock valued at $6,334,000 after purchasing an additional 55,123 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in shares of Asure Software in the third quarter valued at about $4,140,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASUR has been the topic of several research analyst reports. Stephens assumed coverage on Asure Software in a report on Wednesday, October 16th. They issued an "overweight" rating and a $13.00 price objective on the stock. Northland Securities reduced their price objective on Asure Software from $16.00 to $12.50 and set an "outperform" rating for the company in a research note on Friday. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of Asure Software in a research note on Friday. Finally, Barrington Research reiterated an "outperform" rating and issued a $17.00 target price on shares of Asure Software in a research report on Monday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Asure Software has a consensus rating of "Moderate Buy" and a consensus price target of $13.21.

Asure Software Trading Down 14.2 %

ASUR traded down $1.41 on Friday, hitting $8.51. The company had a trading volume of 468,407 shares, compared to its average volume of 154,270. The company's fifty day moving average price is $8.99 and its 200 day moving average price is $8.42. Asure Software, Inc. has a 1 year low of $6.30 and a 1 year 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 market cap of $225.17 million, a P/E ratio of -20.07, a PEG ratio of 0.94 and a beta of 0.55.

Asure Software (NASDAQ:ASUR - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 EPS 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 analyst estimates of $28.56 million. Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. As a group, equities analysts expect that Asure Software, Inc. will post 0.49 earnings per share for the current year.

Insider Transactions at Asure Software

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

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.