First Eagle Investment Management LLC Has $3.18 Million Position in Asure Software, Inc. (NASDAQ:ASUR)

First Eagle Investment Management LLC lifted its holdings in Asure Software, Inc. (NASDAQ:ASUR) by 34.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 378,901 shares of the technology company’s stock after acquiring an additional 97,404 shares during the period. First Eagle Investment Management LLC owned approximately 1.43% of Asure Software worth $3,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capstone Investment Advisors LLC increased its holdings in Asure Software by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock worth $170,000 after purchasing an additional 1,800 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Asure Software by 11.4% during the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after acquiring an additional 2,948 shares during the period. BNP Paribas Financial Markets boosted its stake in Asure Software by 45.1% during the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after acquiring an additional 3,398 shares in the last quarter. American Century Companies Inc. grew its holdings in Asure Software by 21.2% in the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after purchasing an additional 4,756 shares during the period. Finally, Empowered Funds LLC increased its stake in Asure Software by 8.2% in the first quarter. Empowered Funds LLC now owns 67,168 shares of the technology company’s stock valued at $523,000 after purchasing an additional 5,075 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on ASUR shares. Barrington Research restated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research note on Friday, July 26th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research note on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.40.

Asure Software Trading Up 0.2 %

ASUR opened at $9.21 on Friday. Asure Software, Inc. has a fifty-two week low of $6.30 and a fifty-two week high of $10.52. The firm has a market capitalization of $237.74 million, a PE ratio of -21.28, a P/E/G ratio of 0.90 and a beta of 0.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The company’s 50-day moving average is $8.97 and its 200 day moving average is $8.23.

Asure Software (NASDAQ:ASUR) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. The company had revenue of $28.04 million during the quarter, compared to analysts’ expectations of $28.56 million. As a group, research analysts predict that Asure Software, Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Asure Software

In other news, CRO Eyal Goldstein sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the sale, the executive now owns 239,243 shares in the company, valued at approximately $2,019,210.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CRO Eyal Goldstein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total value of $84,400.00. Following the transaction, the executive now owns 239,243 shares in the company, valued at approximately $2,019,210.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the sale, the director now directly owns 28,165 shares of the company’s stock, valued at $244,753.85. The disclosure for this sale can be found here. Company insiders own 8.90% of the company’s stock.

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.