2,800 Shares in Asure Software, Inc. (NASDAQ:ASUR) Acquired by Naples Money Management LLC

Naples Money Management LLC bought a new stake in shares of Asure Software, Inc. (NASDAQ:ASUR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,800 shares of the technology company’s stock, valued at approximately $27,000.

Other hedge funds also recently modified their holdings of the company. Advisor Resource Council purchased a new stake in Asure Software in the 4th quarter worth approximately $172,000. Commonwealth Equity Services LLC acquired a new stake in Asure Software during the third quarter valued at $95,000. Tucker Asset Management LLC grew its stake in Asure Software by 166.1% in the third quarter. Tucker Asset Management LLC now owns 12,000 shares of the technology company’s stock valued at $114,000 after purchasing an additional 7,490 shares in the last quarter. Bank of New York Mellon Corp increased its position in Asure Software by 6.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 179,319 shares of the technology company’s stock worth $1,696,000 after purchasing an additional 11,536 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Asure Software by 52.7% during the 3rd quarter. Barclays PLC now owns 5,850 shares of the technology company’s stock worth $55,000 after purchasing an additional 2,020 shares in the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Asure Software Stock Performance

NASDAQ:ASUR opened at $6.99 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s 50-day moving average is $8.58 and its 200-day moving average is $8.54. Asure Software, Inc. has a 52-week low of $6.30 and a 52-week high of $17.00.

Asure Software (NASDAQ:ASUR) last issued its earnings results on Monday, February 26th. The technology company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $26.26 million during the quarter, compared to analysts’ expectations of $26.45 million. Asure Software had a positive return on equity of 4.30% and a negative net margin of 7.74%. As a group, analysts forecast that Asure Software, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

ASUR has been the topic of several recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research report on Tuesday, February 27th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a report on Friday, January 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.20.

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.