North Star Investment Management Corp. Acquires New Holdings in Asure Software Inc $ASUR

North Star Investment Management Corp. bought a new position in shares of Asure Software Inc (NASDAQ:ASUR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 178,244 shares of the technology company’s stock, valued at approximately $1,533,000. North Star Investment Management Corp. owned 0.62% of Asure Software at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Rice Hall James & Associates LLC raised its stake in shares of Asure Software by 39.2% during the fourth quarter. Rice Hall James & Associates LLC now owns 595,201 shares of the technology company’s stock valued at $5,607,000 after acquiring an additional 167,756 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Asure Software by 19.6% in the second quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock worth $7,515,000 after purchasing an additional 126,450 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Asure Software by 100.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 173,105 shares of the technology company’s stock valued at $1,631,000 after purchasing an additional 86,890 shares during the period. Kennedy Capital Management LLC increased its holdings in Asure Software by 18.6% in the third quarter. Kennedy Capital Management LLC now owns 514,963 shares of the technology company’s stock valued at $4,223,000 after purchasing an additional 80,716 shares during the period. Finally, ArrowMark Colorado Holdings LLC raised its position in Asure Software by 7.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock worth $7,105,000 after purchasing an additional 62,231 shares during the last quarter. 71.58% of the stock is owned by institutional investors.

Asure Software Stock Performance

Shares of Asure Software stock opened at $7.78 on Tuesday. The business has a 50-day moving average price of $8.73 and a two-hundred day moving average price of $8.80. Asure Software Inc has a 1-year low of $6.80 and a 1-year high of $11.48. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. The company has a market cap of $223.15 million, a P/E ratio of -21.61, a PEG ratio of 0.96 and a beta of 0.48.

Analyst Upgrades and Downgrades

Several research analysts have commented on ASUR shares. Zacks Research downgraded Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Wall Street Zen cut Asure Software from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings downgraded Asure Software from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. TD Cowen raised Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Asure Software in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

About Asure Software

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.