Rice Hall James & Associates LLC Grows Position in Asure Software Inc $ASUR

Rice Hall James & Associates LLC grew its position in Asure Software Inc (NASDAQ:ASUR) by 12.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 670,944 shares of the technology company’s stock after purchasing an additional 75,743 shares during the period. Rice Hall James & Associates LLC’s holdings in Asure Software were worth $5,770,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of Asure Software by 107.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,586 shares during the period. Tower Research Capital LLC TRC raised its holdings in Asure Software by 446.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after buying an additional 5,451 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in Asure Software in the fourth quarter valued at approximately $66,000. Invesco Ltd. acquired a new position in Asure Software during the second quarter valued at approximately $112,000. Finally, Boston Partners acquired a new position in Asure Software during the fourth quarter valued at approximately $108,000. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Wall Street Analyst Weigh In

ASUR has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a research note on Friday, April 24th. Zacks Research downgraded shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Wall Street Zen upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Weiss Ratings raised shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Finally, TD Cowen upgraded Asure Software to a “strong-buy” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Asure Software Stock Up 1.6%

NASDAQ ASUR opened at $7.66 on Friday. The stock has a market cap of $219.69 million, a PE ratio of -21.28, a P/E/G ratio of 0.93 and a beta of 0.50. Asure Software Inc has a fifty-two week low of $6.80 and a fifty-two week high of $10.63. The business has a 50 day moving average price of $8.38 and a two-hundred day moving average price of $8.67. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.31.

Asure Software Company Profile

Asure Software, Inc (NASDAQ: ASUR) is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.

The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.