Asure Software, Inc. (NASDAQ:ASUR) Shares Sold by Private Capital Management LLC

Private Capital Management LLC reduced its holdings in shares of Asure Software, Inc. (NASDAQ:ASUR) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,746,498 shares of the technology company’s stock after selling 66,576 shares during the period. Asure Software makes up 6.8% of Private Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Private Capital Management LLC owned about 0.14% of Asure Software worth $33,906,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. FMR LLC boosted its stake 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 buying an additional 5,199 shares during the period. Huntington National Bank purchased a new stake in Asure Software during the 3rd quarter valued at approximately $64,000. Barclays PLC lifted its position in Asure Software by 225.7% during the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after acquiring an additional 21,533 shares during the period. M&T Bank Corp purchased a new position in shares of Asure Software in the 3rd quarter valued at approximately $516,000. Finally, Penbrook Management LLC increased its holdings in shares of Asure Software by 1.8% in the fourth quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 2,000 shares during the period. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on ASUR. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Stephens restated an “overweight” rating and issued a $13.00 target price on shares of Asure Software in a research note on Wednesday, January 15th. Stifel Nicolaus lifted their target price on shares of Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Northland Securities increased their price target 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, Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Asure Software presently has a consensus rating of “Buy” and an average target price of $14.17.

Asure Software Price Performance

Shares of NASDAQ ASUR opened at $10.57 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. Asure Software, Inc. has a one year low of $6.89 and a one year high of $12.74. The firm has a market capitalization of $280.68 million, a P/E ratio of -22.49, a PEG ratio of 1.11 and a beta of 0.56. The company’s fifty day moving average is $11.16 and its two-hundred day moving average is $9.76.

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.