Oakworth Capital Inc. Sells 3,000 Shares of Asure Software Inc (NASDAQ:ASUR)

Oakworth Capital Inc. cut its stake in shares of Asure Software Inc (NASDAQ:ASUR) by 37.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,000 shares of the technology company’s stock after selling 3,000 shares during the quarter. Oakworth Capital Inc.’s holdings in Asure Software were worth $48,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in Asure Software by 8.5% in the fourth quarter. American Century Companies Inc. now owns 39,313 shares of the technology company’s stock valued at $370,000 after buying an additional 3,078 shares during the period. Bank of America Corp DE raised its position in shares of Asure Software by 13.6% in the 4th quarter. Bank of America Corp DE now owns 27,505 shares of the technology company’s stock worth $259,000 after acquiring an additional 3,287 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Asure Software by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock valued at $143,000 after purchasing an additional 3,480 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Asure Software by 66.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock valued at $120,000 after purchasing an additional 5,096 shares in the last quarter. Finally, Barclays PLC grew its stake in Asure Software by 17.7% during the fourth quarter. Barclays PLC now owns 36,586 shares of the technology company’s stock worth $344,000 after purchasing an additional 5,511 shares during the period. Institutional investors own 71.58% of the company’s stock.

Wall Street Analyst Weigh In

ASUR has been the topic of several recent analyst reports. Stephens reissued an “overweight” rating and issued a $13.00 price target on shares of Asure Software in a research note on Friday, March 7th. Barrington Research reiterated an “outperform” rating and set a $17.00 target price on shares of Asure Software in a research report on Tuesday, May 27th. Finally, Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, May 2nd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $15.00.

Asure Software Trading Down 1.0%

Shares of Asure Software stock opened at $9.87 on Friday. The stock has a market capitalization of $267.97 million, a PE ratio of -18.62, a price-to-earnings-growth ratio of 0.98 and a beta of 0.41. Asure Software Inc has a 52 week low of $7.51 and a 52 week high of $12.74. The stock has a 50 day moving average price of $9.71 and a two-hundred day moving average price of $10.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.03.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.06). Asure Software had a negative net margin of 11.27% and a positive return on equity of 4.52%. As a group, equities analysts anticipate that Asure Software Inc will post 0.37 earnings per share for the current fiscal year.

Insider Activity at Asure Software

In other news, Director Ben F. Allen sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the completion of the sale, the director now directly owns 47,645 shares of the company’s stock, valued at $476,450. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.70% of the stock is owned by insiders.

About Asure Software

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.