Royce & Associates LP Takes Position in Asure Software, Inc. (NASDAQ:ASUR)

Royce & Associates LP acquired a new position in shares of Asure Software, Inc. (NASDAQ:ASUR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 172,500 shares of the technology company's stock, valued at approximately $1,623,000. Royce & Associates LP owned about 0.65% of Asure Software as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ASUR. First Eagle Investment Management LLC boosted its position in Asure Software by 2.4% during the 4th quarter. First Eagle Investment Management LLC now owns 387,620 shares of the technology company's stock worth $3,648,000 after buying an additional 9,156 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Asure Software by 66.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock worth $120,000 after purchasing an additional 5,096 shares during the period. M&T Bank Corp grew its stake in shares of Asure Software by 36.4% in the fourth quarter. M&T Bank Corp now owns 77,798 shares of the technology company's stock worth $732,000 after purchasing an additional 20,758 shares during the last quarter. Unified Investment Management acquired a new stake in Asure Software in the fourth quarter valued at $343,000. Finally, Anchor Capital Advisors LLC bought a new position in Asure Software during the 4th quarter worth $1,138,000. 71.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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Asure Software Stock Performance

Shares of NASDAQ:ASUR traded down $0.07 during trading on Tuesday, hitting $9.82. 72,713 shares of the company were exchanged, compared to its average volume of 117,817. The company has a market cap of $264.93 million, a PE ratio of -20.89, a P/E/G ratio of 1.11 and a beta of 0.60. Asure Software, Inc. has a 52-week low of $6.89 and a 52-week high of $12.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a 50 day moving average of $11.16 and a 200 day moving average of $9.96.

Insider Buying and Selling

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of Asure Software stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the sale, the director now directly owns 32,215 shares in the company, valued at $306,364.65. The trade was a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.90% of the stock is currently owned by insiders.

Asure Software Company 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.