Barclays PLC Boosts Stake in Asure Software, Inc. (NASDAQ:ASUR)

Barclays PLC raised its stake in shares of Asure Software, Inc. (NASDAQ:ASUR) by 225.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,075 shares of the technology company’s stock after acquiring an additional 21,533 shares during the period. Barclays PLC owned approximately 0.12% of Asure Software worth $281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of Asure Software by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 214,863 shares of the technology company’s stock worth $1,805,000 after buying an additional 11,147 shares in the last quarter. Rhumbline Advisers raised its stake 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 worth $242,000 after buying an additional 2,948 shares in the last quarter. Rice Hall James & Associates LLC purchased a new position in shares of Asure Software during the 2nd quarter worth approximately $782,000. American Century Companies Inc. grew its holdings in shares of Asure Software by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after acquiring an additional 4,756 shares during the period. Finally, Perritt Capital Management Inc grew its holdings in shares of Asure Software by 25.4% in the 2nd quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company’s stock worth $369,000 after acquiring an additional 8,877 shares during the period. 71.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Asure Software Price Performance

Shares of Asure Software stock opened at $9.65 on Monday. The business’s fifty day moving average price is $9.31 and its 200 day moving average price is $9.02. The stock has a market capitalization of $256.25 million, a P/E ratio of -20.53, a PEG ratio of 1.64 and a beta of 0.53. Asure Software, Inc. has a twelve month low of $6.89 and a twelve month high of $10.52. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

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.