Royce & Associates LP Acquires Shares of 172,500 Asure Software, Inc. (NASDAQ:ASUR)

Royce & Associates LP bought a new position in shares of Asure Software, Inc. (NASDAQ:ASUR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 172,500 shares of the technology company’s stock, valued at approximately $1,623,000.

Several other institutional investors have also modified their holdings of ASUR. ArrowMark Colorado Holdings LLC acquired a new stake in Asure Software during the 3rd quarter valued at approximately $5,191,000. Needham Investment Management LLC boosted its stake 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 valued at $22,467,000 after buying an additional 502,500 shares during the last quarter. Tallon Kerry Patrick acquired a new stake in shares of Asure Software during the fourth quarter worth approximately $1,372,000. Anchor Capital Advisors LLC bought a new stake in shares of Asure Software in the fourth quarter worth $1,138,000. Finally, M&T Bank Corp acquired a new stake in Asure Software in the third quarter valued at $516,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a report on Friday, March 7th. Northland Securities increased their target price on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Stephens reissued an “overweight” rating and set a $13.00 price target on shares of Asure Software in a research report on Friday, March 7th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Asure Software has a consensus rating of “Buy” and an average price target of $14.17.

Asure Software Stock Up 1.7 %

Shares of Asure Software stock opened at $10.50 on Friday. The stock has a market capitalization of $283.28 million, a price-to-earnings ratio of -22.34, a PEG ratio of 1.11 and a beta of 0.60. Asure Software, Inc. has a twelve month low of $6.89 and a twelve month 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. The business’s 50 day simple moving average is $11.21 and its 200-day simple moving average is $9.92.

Insider Buying and Selling

In related news, Director Grace G. Lee sold 7,500 shares of Asure Software 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 $306,364.65. This trade represents a 18.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.90% of the stock is owned by company 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.