Perritt Capital Management Inc Purchases 8,877 Shares of Asure Software, Inc. (NASDAQ:ASUR)

Perritt Capital Management Inc boosted its position in Asure Software, Inc. (NASDAQ:ASUR) by 25.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,877 shares of the technology company’s stock after purchasing an additional 8,877 shares during the quarter. Perritt Capital Management Inc’s holdings in Asure Software were worth $369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ASUR. BNP Paribas Financial Markets grew its position in shares of Asure Software by 45.1% in the 1st quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after buying an additional 3,398 shares during the period. Capstone Investment Advisors LLC grew its holdings in Asure Software by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock worth $170,000 after purchasing an additional 1,800 shares during the period. American Century Companies Inc. increased its stake in shares of Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after purchasing an additional 4,756 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after purchasing an additional 2,948 shares during the last quarter. Finally, Aristides Capital LLC bought a new stake in shares of Asure Software in the 4th quarter worth approximately $255,000. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Insider Activity

In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of Asure Software stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the completion of the sale, the director now owns 28,165 shares of the company’s stock, valued at approximately $244,753.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $8.69, for a total transaction of $43,450.00. Following the completion of the sale, the director now directly owns 28,165 shares in the company, valued at approximately $244,753.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Eyal Goldstein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the transaction, the executive now owns 239,243 shares in the company, valued at approximately $2,019,210.92. The disclosure for this sale can be found here. 8.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ASUR has been the subject of a number of recent research reports. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research note on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.40.

Asure Software Stock Performance

Shares of ASUR opened at $8.57 on Thursday. Asure Software, Inc. has a 12 month low of $6.30 and a 12 month high of $11.86. The business’s fifty day simple moving average is $8.87 and its two-hundred day simple moving average is $8.23. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. The company has a market cap of $221.22 million, a price-to-earnings ratio of -19.93, a P/E/G ratio of 0.84 and a beta of 0.55.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The business had revenue of $28.04 million during the quarter, compared to the consensus estimate of $28.56 million. Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. Research analysts anticipate that Asure Software, Inc. will post 0.49 earnings per share for the current fiscal year.

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.