Needham Investment Management LLC Grows Position in Asure Software, Inc. (NASDAQ:ASUR)

Needham Investment Management LLC lifted its holdings in Asure Software, Inc. (NASDAQ:ASUR) by 25.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,482,500 shares of the technology company’s stock after purchasing an additional 502,500 shares during the period. Asure Software makes up approximately 1.7% of Needham Investment Management LLC’s holdings, making the stock its 13th largest holding. Needham Investment Management LLC owned about 0.09% of Asure Software worth $22,467,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Asure Software by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock worth $9,191,000 after purchasing an additional 71,495 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in Asure Software by 7.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after buying an additional 55,123 shares in the last quarter. Swedbank AB boosted its position in shares of Asure Software by 7.1% during the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock valued at $6,788,000 after acquiring an additional 50,000 shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new stake in shares of Asure Software in the third quarter valued at about $5,191,000. Finally, Rice Hall James & Associates LLC increased its position in Asure Software by 465.1% during the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after purchasing an additional 433,197 shares during the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ASUR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Friday, November 1st. Stephens initiated coverage on Asure Software in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target on the stock. Northland Securities cut their price objective on Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Barrington Research restated an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a report on Monday, October 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Asure Software has a consensus rating of “Buy” and a consensus target price of $14.50.

Asure Software Stock Down 1.9 %

Shares of ASUR traded down $0.18 during mid-day trading on Tuesday, reaching $9.51. The company’s stock had a trading volume of 5,628 shares, compared to its average volume of 148,710. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software, Inc. has a 12-month low of $6.89 and a 12-month high of $10.52. The stock has a market cap of $252.49 million, a PE ratio of -20.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.53. The company’s 50 day moving average is $9.15 and its 200 day moving average is $8.72.

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.