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

Rice Hall James & Associates LLC grew its position in shares of 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 fund 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 owned 2.34% of Asure Software worth $5,770,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ASUR shares. Zacks Research cut Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings upgraded Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Barrington Research reiterated an “outperform” rating and set a $15.00 target price on shares of Asure Software in a research report on Friday, April 24th. Wall Street Zen raised Asure Software from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, TD Cowen upgraded Asure Software to a “strong-buy” rating in a report on Monday, May 18th. One equities 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Asure Software Stock Performance

NASDAQ:ASUR opened at $7.66 on Friday. The company has a market cap of $219.69 million, a P/E ratio of -21.28, a P/E/G ratio of 0.93 and a beta of 0.50. The firm’s 50 day moving average is $8.38 and its two-hundred day moving average is $8.67. Asure Software Inc has a fifty-two week low of $6.80 and a fifty-two week high of $10.63. 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 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.