Asure Software, Inc. (NASDAQ:ASUR) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lessened its holdings in Asure Software, Inc. (NASDAQ:ASUR - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 409,353 shares of the technology company's stock after selling 116,992 shares during the quarter. Rice Hall James & Associates LLC owned 1.54% of Asure Software worth $3,852,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State Street Corp grew its position in Asure Software by 0.5% during the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company's stock worth $3,885,000 after purchasing an additional 1,961 shares during the last quarter. Penbrook Management LLC raised its stake in Asure Software by 1.8% in the 4th quarter. Penbrook Management LLC now owns 114,035 shares of the technology company's stock worth $1,073,000 after acquiring an additional 2,000 shares during the last quarter. FMR LLC lifted its position 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 acquiring an additional 5,199 shares during the period. Huntington National Bank purchased a new stake in Asure Software during the 3rd quarter valued at about $64,000. Finally, Barclays PLC increased its holdings in shares of Asure Software by 225.7% in the third quarter. Barclays PLC now owns 31,075 shares of the technology company's stock valued at $281,000 after purchasing an additional 21,533 shares during the period. Hedge funds and other institutional investors own 71.58% of the company's stock.

Asure Software Price Performance

NASDAQ ASUR traded down $0.16 during trading hours on Friday, reaching $11.25. The company's stock had a trading volume of 91,604 shares, compared to its average volume of 61,355. The firm has a market capitalization of $298.69 million, a price-to-earnings ratio of -23.94, a P/E/G ratio of 1.12 and a beta of 0.56. The company's 50-day moving average is $11.01 and its two-hundred day moving average is $9.68. 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 1-year low of $6.89 and a 1-year high of $12.74.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ASUR. Northland Securities lifted their target price on Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of Asure Software in a report on Monday, October 28th. Needham & Company LLC reissued a "buy" rating and set a $20.00 target price on shares of Asure Software in a report on Wednesday, January 15th. Stifel Nicolaus increased their price target on Asure Software from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, Lake Street Capital raised Asure Software from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Asure Software currently has a consensus rating of "Buy" and a consensus price target of $14.17.

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.