Tallon Kerry Patrick Invests $1.37 Million in Asure Software, Inc. (NASDAQ:ASUR)

Tallon Kerry Patrick purchased a new stake in shares of Asure Software, Inc. (NASDAQ:ASUR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 144,871 shares of the technology company's stock, valued at approximately $1,372,000. Asure Software accounts for about 1.3% of Tallon Kerry Patrick's holdings, making the stock its 25th largest position. Tallon Kerry Patrick owned about 0.55% of Asure Software at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC increased its position in Asure Software by 7.9% during 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 purchasing an additional 55,123 shares during the period. Geode Capital Management LLC boosted its stake in shares of Asure Software by 4.4% during the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company's stock valued at $5,251,000 after purchasing an additional 24,649 shares in the last quarter. Whittier Trust Co. purchased a new position in Asure Software during the third quarter valued at approximately $4,140,000. First Eagle Investment Management LLC raised its stake in Asure Software by 34.6% in the second quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company's stock worth $3,183,000 after buying an additional 97,404 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in Asure Software by 465.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company's stock valued at $4,763,000 after acquiring an additional 433,197 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors.

Asure Software Stock Performance

NASDAQ:ASUR traded up $0.18 during trading hours on Friday, hitting $12.14. 82,447 shares of the company were exchanged, compared to its average volume of 164,341. The company's 50 day moving average price is $9.70 and its 200-day moving average price is $9.21. The stock has a market capitalization of $322.32 million, a price-to-earnings ratio of -25.83, a PEG ratio of 1.11 and a beta of 0.53. Asure Software, Inc. has a 52-week low of $6.89 and a 52-week high of $12.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ASUR shares. Northland Securities upped their price objective on Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Stifel Nicolaus increased their price target on shares of Asure Software from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price objective on shares of Asure Software in a research 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 research report on Wednesday. Finally, Stephens restated an "overweight" rating and issued a $13.00 target price on shares of Asure Software in a research note on Wednesday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $14.17.

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.