Asure Software Inc (ASUR) Expected to Post FY2017 Earnings of $0.48 Per Share
Asure Software Inc (NASDAQ:ASUR) – Dougherty & Co boosted their FY2017 EPS estimates for shares of Asure Software in a report released on Monday. Dougherty & Co analyst R. Mattson now expects that the technology company will post earnings of $0.48 per share for the year, up from their prior forecast of $0.47. Dougherty & Co has a “Buy” rating on the stock.
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Shares of Asure Software (NASDAQ ASUR) opened at $14.17 on Tuesday. The stock has a market cap of $176.01, a price-to-earnings ratio of 53.77, a P/E/G ratio of 1.18 and a beta of 1.14. Asure Software has a one year low of $7.90 and a one year high of $17.27. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Navellier & Associates Inc raised its holdings in shares of Asure Software by 13.1% in the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock worth $730,000 after purchasing an additional 5,775 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Asure Software by 12.6% in the 2nd quarter. Wells Fargo & Company MN now owns 57,470 shares of the technology company’s stock worth $840,000 after purchasing an additional 6,435 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Asure Software by 37.8% in the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after purchasing an additional 6,692 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Asure Software in the 3rd quarter worth approximately $135,000. Finally, DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Asure Software in the 2nd quarter worth approximately $161,000. Institutional investors and hedge funds own 39.52% of the company’s stock.
About Asure Software
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.
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