Intech Investment Management LLC Makes New $104,000 Investment in Asure Software, Inc. (NASDAQ:ASUR)

Intech Investment Management LLC purchased a new position in Asure Software, Inc. (NASDAQ:ASUR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,013 shares of the technology company’s stock, valued at approximately $104,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. ArrowMark Colorado Holdings LLC acquired a new stake in Asure Software during the third quarter worth about $5,191,000. Needham Investment Management LLC raised its position in shares of Asure Software by 25.4% during the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after purchasing an additional 502,500 shares during the period. Royce & Associates LP bought a new stake in shares of Asure Software in the 4th quarter worth approximately $1,623,000. Tallon Kerry Patrick acquired a new position in Asure Software during the 4th quarter valued at approximately $1,372,000. 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 owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the sale, the director now directly owns 32,215 shares in the company, valued at approximately $306,364.65. The trade was a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.90% of the stock is currently owned by insiders.

Asure Software Trading Down 1.7 %

Asure Software stock opened at $9.78 on Friday. Asure Software, Inc. has a 12-month low of $6.89 and a 12-month 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 market capitalization of $263.85 million, a PE ratio of -20.81, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The firm has a 50 day simple moving average of $11.03 and a 200-day simple moving average of $9.97.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ASUR shares. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, March 7th. Stephens restated an “overweight” rating and issued a $13.00 target price on shares of Asure Software in a research report on Friday, March 7th. Northland Securities raised their price target 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. Stifel Nicolaus boosted their price objective 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, Barrington Research restated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Friday, March 7th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average 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.