Asure Software Inc $ASUR Shares Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC boosted its stake in shares of Asure Software Inc (NASDAQ:ASUR) by 39.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 595,201 shares of the technology company’s stock after acquiring an additional 167,756 shares during the quarter. Rice Hall James & Associates LLC owned about 2.14% of Asure Software worth $5,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Needham Investment Management LLC lifted its position in Asure Software by 1.5% during the 4th quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company’s stock worth $24,209,000 after acquiring an additional 37,500 shares during the period. Vanguard Group Inc. lifted its position in Asure Software by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company’s stock worth $11,491,000 after acquiring an additional 41,539 shares during the period. Dimensional Fund Advisors LP lifted its position in Asure Software by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 925,362 shares of the technology company’s stock worth $7,588,000 after acquiring an additional 5,855 shares during the period. ArrowMark Colorado Holdings LLC lifted 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 acquiring an additional 62,231 shares during the period. Finally, Wasatch Advisors LP raised its stake in shares of Asure Software by 19.6% during the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock worth $7,515,000 after buying an additional 126,450 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ASUR. TD Cowen raised Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Wall Street Zen downgraded Asure Software from a “buy” rating to a “hold” rating in a research note on Saturday. Barrington Research reissued an “outperform” rating and set a $15.00 target price on shares of Asure Software in a research note on Friday, April 24th. Zacks Research downgraded Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research note on Monday, April 20th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Asure Software presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Asure Software Stock Performance

Shares of ASUR stock opened at $8.48 on Tuesday. The stock has a fifty day moving average price of $8.86 and a 200 day moving average price of $8.81. The stock has a market cap of $243.21 million, a PE ratio of -23.55, a P/E/G ratio of 1.07 and a beta of 0.48. Asure Software Inc has a 1 year low of $6.80 and a 1 year high of $11.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.05.

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.