Intech Investment Management LLC Takes Position in Asure Software, Inc. (NASDAQ:ASUR)

Intech Investment Management LLC acquired a new position in shares of Asure Software, Inc. (NASDAQ:ASUR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,013 shares of the technology company’s stock, valued at approximately $104,000.

Other large investors have also made changes to their positions in the company. FMR LLC increased 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 worth $60,000 after acquiring an additional 5,199 shares during the last quarter. PNC Financial Services Group Inc. increased its position in 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 worth $120,000 after purchasing an additional 5,096 shares in the last quarter. Barclays PLC lifted its position 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 in the last quarter. Unified Investment Management purchased a new stake in Asure Software during the fourth quarter worth approximately $343,000. Finally, M&T Bank Corp acquired a new stake in shares of Asure Software in the third quarter worth $516,000. 71.58% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Grace G. Lee sold 7,500 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the transaction, the director now owns 32,215 shares of the company’s stock, valued at approximately $306,364.65. This trade represents a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.90% of the stock is owned by company insiders.

Analyst Ratings Changes

ASUR has been the topic of several recent research reports. Northland Securities lifted their target price on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Barrington Research reissued an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Friday, March 7th. Finally, Stephens reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Asure Software presently has an average rating of “Buy” and a consensus target price of $14.17.

Asure Software Price Performance

Shares of NASDAQ ASUR opened at $9.78 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software, Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $12.74. The business has a 50 day moving average price of $11.03 and a two-hundred day moving average price of $9.97. The firm has a market cap of $263.85 million, a PE ratio of -20.81, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60.

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.