Unified Investment Management Buys Shares of 36,475 Asure Software, Inc. (NASDAQ:ASUR)

Unified Investment Management purchased a new position in Asure Software, Inc. (NASDAQ:ASUR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 36,475 shares of the technology company's stock, valued at approximately $343,000. Unified Investment Management owned about 0.14% of Asure Software as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ASUR. Geode Capital Management LLC lifted its holdings in Asure Software by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company's stock worth $5,251,000 after buying an additional 24,649 shares in the last quarter. Barclays PLC raised its stake in shares of Asure Software by 225.7% in the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company's stock worth $281,000 after buying an additional 21,533 shares in the last quarter. Tallon Kerry Patrick bought a new position in shares of Asure Software during the 4th quarter valued at about $1,372,000. State Street Corp lifted its stake in Asure Software by 0.5% during the third quarter. State Street Corp now owns 429,298 shares of the technology company's stock valued at $3,885,000 after buying an additional 1,961 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company's stock worth $60,000 after purchasing an additional 5,199 shares during the period. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. Lake Street Capital upgraded Asure Software from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Needham & Company LLC restated a "buy" rating and set a $20.00 target price on shares of Asure Software in a research report on Wednesday, January 15th. Stephens restated an "overweight" rating and issued a $13.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Northland Securities lifted their target price on shares of Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus raised 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. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $14.17.

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Asure Software Stock Performance

Asure Software stock traded down $0.25 during midday trading on Thursday, hitting $9.69. The stock had a trading volume of 127,243 shares, compared to its average volume of 122,520. The firm's fifty day moving average is $11.25 and its two-hundred day moving average is $9.83. The company has a market capitalization of $257.31 million, a PE ratio of -20.62, 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 current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Asure Software (NASDAQ:ASUR - Get Free Report) last issued its earnings results on Thursday, March 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.07). Asure Software had a positive return on equity of 3.75% and a negative net margin of 10.54%. On average, research analysts forecast that Asure Software, Inc. will post 0.37 EPS for the current year.

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.