Asure Software’s (ASUR) Outperform Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a research report sent to investors on Monday morning,Benzinga reports. They currently have a $17.00 target price on the technology company’s stock.

ASUR has been the subject of several other research reports. Stephens reiterated an “overweight” rating and issued a $13.00 price target on shares of Asure Software in a report on Friday, March 7th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Northland Securities increased their target price on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a report on Friday, March 7th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Asure Software has an average rating of “Buy” and an average price target of $14.17.

Asure Software Trading Up 1.0 %

NASDAQ:ASUR opened at $10.16 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50-day simple moving average is $9.76 and its 200-day simple moving average is $10.05. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $12.74. The stock has a market capitalization of $275.87 million, a PE ratio of -21.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41.

Insider Activity

In related news, Director Grace G. Lee sold 7,500 shares of the firm’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the completion of the transaction, the director now directly owns 32,215 shares of the company’s stock, valued at approximately $306,364.65. This trade represents a 18.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.90% of the stock is owned by corporate insiders.

Institutional Trading of Asure Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in shares of Asure Software during the 4th quarter worth about $104,000. PNC Financial Services Group Inc. grew its holdings in Asure Software by 66.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock worth $120,000 after purchasing an additional 5,096 shares during the period. Wells Fargo & Company MN increased its position in Asure Software by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock worth $143,000 after buying an additional 3,480 shares during the last quarter. Deutsche Bank AG raised its stake in Asure Software by 49.6% in the fourth quarter. Deutsche Bank AG now owns 18,625 shares of the technology company’s stock valued at $175,000 after buying an additional 6,175 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Asure Software in the fourth quarter valued at approximately $239,000. 71.58% of the stock is owned by institutional investors.

Asure Software Company 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.