Barclays PLC Grows Stock Holdings in Asure Software, Inc. (NASDAQ:ASUR)

Barclays PLC increased its holdings in shares of Asure Software, Inc. (NASDAQ:ASUR) by 225.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,075 shares of the technology company’s stock after acquiring an additional 21,533 shares during the quarter. Barclays PLC’s holdings in Asure Software were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ASUR. State Street Corp raised its stake in shares of Asure Software by 0.5% during the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company’s stock valued at $3,885,000 after buying an additional 1,961 shares during the last quarter. Rhumbline Advisers grew its holdings in Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after acquiring an additional 2,948 shares during the period. American Century Companies Inc. raised its position in Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after acquiring an additional 4,756 shares in the last quarter. FMR LLC lifted its holdings in Asure Software by 350.8% in the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after acquiring an additional 5,199 shares during the period. Finally, Huntington National Bank purchased a new stake in Asure Software in the 3rd quarter worth approximately $64,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Asure Software Stock Performance

ASUR opened at $12.14 on Tuesday. The company has a market cap of $322.32 million, a price-to-earnings ratio of -25.83, a PEG ratio of 1.11 and a beta of 0.53. The firm’s fifty day simple moving average is $9.81 and its two-hundred day simple moving average is $9.28. 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 52-week low of $6.89 and a 52-week high of $12.39.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ASUR shares. 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 lifted their price objective on shares of Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Barrington Research restated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Monday, October 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Asure Software in a report on Wednesday, January 15th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Asure Software has a consensus rating of “Buy” and an average price target of $14.17.

Asure Software 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.