Asure Software’s (ASUR) Outperform Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Asure Software (NASDAQ:ASUR) in a report published on Wednesday,Benzinga reports. Barrington Research currently has a $17.00 target price on the technology company’s stock.

Other equities research analysts also recently issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research note on Wednesday. Stephens reissued an “overweight” rating and set a $13.00 target price 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.com, Asure Software currently has a consensus rating of “Buy” and a consensus price target of $15.00.

Asure Software Stock Performance

Asure Software stock opened at $11.38 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03. Asure Software has a 1-year low of $7.51 and a 1-year high of $12.74. The firm has a market capitalization of $309.08 million, a P/E ratio of -21.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.40. The company’s 50-day moving average is $9.83 and its 200 day moving average is $10.22.

Asure Software (NASDAQ:ASUR) last issued its earnings results on Thursday, May 1st. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). Asure Software had a positive return on equity of 4.52% and a negative net margin of 11.27%. Research analysts forecast that Asure Software will post 0.37 EPS for the current year.

Insider Activity at Asure Software

In other news, Director Ben F. Allen sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the sale, the director owned 47,645 shares of the company’s stock, valued at $476,450. The trade was a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Asure Software

A number of institutional investors and hedge funds have recently bought and sold shares of ASUR. Intech Investment Management LLC acquired a new position in Asure Software during the fourth quarter worth about $104,000. PNC Financial Services Group Inc. raised its stake in shares of Asure Software by 66.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock valued at $120,000 after acquiring an additional 5,096 shares during the period. Wells Fargo & Company MN raised its stake in shares of Asure Software by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock valued at $143,000 after acquiring an additional 3,480 shares during the period. Deutsche Bank AG increased its stake in Asure Software by 49.6% during the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company’s stock worth $175,000 after buying an additional 6,175 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in Asure Software during the 4th quarter worth approximately $239,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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.