Barrington Research restated their outperform rating on shares of Asure Software (NASDAQ:ASUR – Free Report) in a report released on Tuesday,Benzinga reports. They currently have a $17.00 price objective on the technology company’s stock.
A number of other research analysts have also commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research report on Friday, May 2nd. Stephens reaffirmed an “overweight” rating and issued a $13.00 price target on shares of Asure Software in a report on Friday, March 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $15.00.
View Our Latest Report on Asure Software
Asure Software Stock Performance
Asure Software (NASDAQ:ASUR – Get Free Report) last announced its earnings results on Thursday, May 1st. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). Asure Software had a positive return on equity of 3.75% and a negative net margin of 10.54%. On average, equities analysts forecast that Asure Software will post 0.37 earnings per share for the current year.
Insider Transactions at Asure Software
In other Asure Software news, Director Ben F. Allen sold 10,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 47,645 shares in the company, valued at $476,450. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Grace G. Lee sold 7,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.51, for a total value of $71,325.00. Following the transaction, the director now owns 32,215 shares of the company’s stock, valued at $306,364.65. This represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.
Institutional Investors Weigh In On Asure Software
A number of hedge funds have recently made changes to their positions in ASUR. Penbrook Management LLC grew 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 worth $1,073,000 after buying an additional 2,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Asure Software by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 67,467 shares of the technology company’s stock worth $644,000 after acquiring an additional 2,791 shares in the last quarter. American Century Companies Inc. grew its position in Asure Software by 8.5% during the 4th quarter. American Century Companies Inc. now owns 39,313 shares of the technology company’s stock worth $370,000 after acquiring an additional 3,078 shares during the last quarter. Bank of America Corp DE increased its holdings in Asure Software by 13.6% during the 4th quarter. Bank of America Corp DE now owns 27,505 shares of the technology company’s stock valued at $259,000 after purchasing an additional 3,287 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Asure Software by 29.7% during 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 in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.
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.
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