Pacific Ridge Capital Partners LLC Cuts Stock Holdings in Asure Software, Inc. (NASDAQ:ASUR)

Pacific Ridge Capital Partners LLC decreased its position in shares of Asure Software, Inc. (NASDAQ:ASUR) by 6.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 698,893 shares of the technology company’s stock after selling 46,252 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Asure Software were worth $5,437,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Naples Money Management LLC purchased a new stake in shares of Asure Software during the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC grew its holdings in shares of Asure Software by 134.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the technology company’s stock valued at $82,000 after buying an additional 4,976 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Asure Software by 45.1% during the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock valued at $85,000 after buying an additional 3,398 shares during the last quarter. Advisor Resource Council purchased a new stake in shares of Asure Software during the fourth quarter valued at approximately $172,000. Finally, Insight Folios Inc grew its holdings in shares of Asure Software by 34.5% during the fourth quarter. Insight Folios Inc now owns 19,679 shares of the technology company’s stock valued at $187,000 after buying an additional 5,053 shares during the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Asure Software Stock Performance

ASUR traded up $0.09 during trading on Friday, hitting $9.80. The company’s stock had a trading volume of 86,503 shares, compared to its average volume of 181,303. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. Asure Software, Inc. has a one year low of $6.30 and a one year high of $15.54. The firm has a market cap of $252.94 million, a PE ratio of -22.79, a P/E/G ratio of 0.92 and a beta of 0.62. The business’s 50 day simple moving average is $8.04 and its 200-day simple moving average is $8.31.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $31.65 million during the quarter, compared to the consensus estimate of $30.98 million. Asure Software had a negative net margin of 8.38% and a positive return on equity of 3.86%. As a group, sell-side analysts predict that Asure Software, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ASUR shares. TD Cowen dropped their target price on shares of Asure Software from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Barrington Research restated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a report on Monday, June 17th. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a report on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.40.

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.