Dimensional Fund Advisors LP Purchases New Stake in Asure Software Inc (NASDAQ:ASUR)

Dimensional Fund Advisors LP purchased a new position in shares of Asure Software Inc (NASDAQ:ASUR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 50,462 shares of the technology company’s stock, valued at approximately $519,000.

Other hedge funds also recently added to or reduced their stakes in the company. Alambic Investment Management L.P. bought a new stake in shares of Asure Software in the 1st quarter worth approximately $122,000. Russell Investments Group Ltd. raised its holdings in shares of Asure Software by 31.7% in the 1st quarter. Russell Investments Group Ltd. now owns 61,002 shares of the technology company’s stock worth $627,000 after purchasing an additional 14,679 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Asure Software by 20.0% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 292,777 shares of the technology company’s stock worth $3,010,000 after purchasing an additional 48,867 shares in the last quarter. Finally, Wells Fargo & Company MN bought a new stake in shares of Asure Software in the 1st quarter worth approximately $525,000. Institutional investors own 39.68% of the company’s stock.

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A number of analysts recently commented on ASUR shares. Northland Securities set a $18.00 target price on shares of Asure Software and gave the stock a “buy” rating in a report on Tuesday, August 15th. Canaccord Genuity restated a “buy” rating and set a $18.00 price target on shares of Asure Software in a report on Monday, August 14th. Zacks Investment Research upgraded shares of Asure Software from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, June 29th. Scotiabank lowered shares of Asure Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 7th. Finally, Cowen and Company started coverage on shares of Asure Software in a research report on Wednesday, September 6th. They set an “outperform” rating and a $16.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Asure Software has a consensus rating of “Buy” and a consensus target price of $15.88.

Shares of Asure Software Inc (NASDAQ:ASUR) traded down 0.66% during mid-day trading on Friday, hitting $10.46. 43,566 shares of the stock were exchanged. The company’s market capitalization is $129.92 million. The firm has a 50-day moving average price of $11.87 and a 200 day moving average price of $12.38. Asure Software Inc has a 12-month low of $5.56 and a 12-month high of $17.27.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Monday, August 14th. The technology company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%. The business had revenue of $12.88 million during the quarter, compared to analysts’ expectations of $12.23 million. On average, equities research analysts expect that Asure Software Inc will post $0.52 earnings per share for the current year.

Asure Software Company Profile

Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.

Institutional Ownership by Quarter for Asure Software (NASDAQ:ASUR)

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