Asure Software, Inc. (NASDAQ:ASUR) Shares Acquired by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC boosted its holdings in shares of Asure Software, Inc. (NASDAQ:ASUR) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 773,572 shares of the technology company’s stock after purchasing an additional 86,277 shares during the quarter. Asure Software makes up approximately 1.7% of Pacific Ridge Capital Partners LLC’s holdings, making the stock its 16th largest holding. Pacific Ridge Capital Partners LLC owned about 2.91% of Asure Software worth $7,279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. ArrowMark Colorado Holdings LLC acquired a new stake in shares of Asure Software during the 3rd quarter valued at approximately $5,191,000. Needham Investment Management LLC grew 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 valued at $22,467,000 after buying an additional 502,500 shares during the last quarter. Royce & Associates LP acquired a new stake in Asure Software during the fourth quarter worth about $1,623,000. Tallon Kerry Patrick bought a new position in Asure Software in the fourth quarter worth about $1,372,000. Finally, Anchor Capital Advisors LLC acquired a new position in Asure Software in the fourth quarter valued at approximately $1,138,000. Institutional investors own 71.58% of the company’s stock.

Insider Buying and Selling at Asure Software

In other news, Director Grace G. Lee sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the completion of the sale, the director now directly owns 32,215 shares of the company’s stock, valued at approximately $306,364.65. This represents a 18.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 8.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Stifel Nicolaus increased 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. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Friday, March 7th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Stephens restated an “overweight” rating and set a $13.00 price target on shares of Asure Software in a research report on Friday, March 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $14.17.

Asure Software Price Performance

Shares of ASUR opened at $9.95 on Thursday. The firm has a market capitalization of $268.44 million, a price-to-earnings ratio of -21.17, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The stock’s fifty day moving average is $11.08 and its 200-day moving average is $9.97. Asure Software, Inc. has a one year low of $6.89 and a one year high of $12.74. 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 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.