Anchor Capital Advisors LLC Purchases New Position in Asure Software, Inc. (NASDAQ:ASUR)

Anchor Capital Advisors LLC purchased a new stake in shares of Asure Software, Inc. (NASDAQ:ASUR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 120,944 shares of the technology company’s stock, valued at approximately $1,138,000. Anchor Capital Advisors LLC owned about 0.46% of Asure Software at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ASUR. FMR LLC boosted its stake in Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after buying an additional 5,199 shares during the last quarter. Huntington National Bank bought a new position in Asure Software during the third quarter valued at approximately $64,000. Barclays PLC boosted its stake in Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after buying an additional 21,533 shares during the last quarter. M&T Bank Corp bought a new position in Asure Software during the third quarter valued at approximately $516,000. Finally, Penbrook Management LLC boosted its stake in Asure Software by 1.8% during the fourth quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock valued at $1,073,000 after buying an additional 2,000 shares during the last quarter. 71.58% of the stock is owned by institutional investors.

Asure Software Trading Down 0.8 %

Shares of NASDAQ ASUR opened at $10.49 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50 day moving average price is $11.19 and its 200-day moving average price is $9.78. Asure Software, Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $12.74. The company has a market cap of $278.55 million, a price-to-earnings ratio of -22.32, a PEG ratio of 1.11 and a beta of 0.56.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Northland Securities raised their price objective on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Stifel Nicolaus raised their price objective on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Stephens reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a research note on Wednesday, January 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $14.17.

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.