Asure Software, Inc. (NASDAQ:ASUR) Holdings Boosted by State Street Corp

State Street Corp grew its holdings in Asure Software, Inc. (NASDAQ:ASUR) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 429,298 shares of the technology company’s stock after purchasing an additional 1,961 shares during the period. State Street Corp’s holdings in Asure Software were worth $3,885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ASUR. ArrowMark Colorado Holdings LLC purchased a new stake in Asure Software in the 3rd quarter worth about $5,191,000. Needham Investment Management LLC increased its holdings in shares of Asure Software by 25.4% in the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after purchasing an additional 502,500 shares during the period. Whittier Trust Co. purchased a new stake in shares of Asure Software in the third quarter worth approximately $4,140,000. Rice Hall James & Associates LLC boosted its holdings in shares of Asure Software by 465.1% during the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after purchasing an additional 433,197 shares during the period. Finally, First Eagle Investment Management LLC grew its position in Asure Software by 34.6% during the second quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock valued at $3,183,000 after purchasing an additional 97,404 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stephens started coverage on shares of Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price for the company. Northland Securities reduced their price target on Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a report on Friday, November 1st. Stifel Nicolaus raised their price objective on shares of Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Barrington Research reissued an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Monday, October 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, November 1st. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $13.92.

Asure Software Price Performance

Shares of NASDAQ:ASUR opened at $9.41 on Tuesday. The firm has a market capitalization of $249.87 million, a PE ratio of -20.02, a PEG ratio of 1.64 and a beta of 0.53. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software, Inc. has a 1-year low of $6.89 and a 1-year high of $10.52. The business’s 50 day moving average is $9.33 and its 200-day moving average is $8.96.

About Asure Software

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.