PNC Financial Services Group Inc. Has $120,000 Position in Asure Software, Inc. (NASDAQ:ASUR)

PNC Financial Services Group Inc. raised its position in Asure Software, Inc. (NASDAQ:ASUR) by 66.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,728 shares of the technology company’s stock after buying an additional 5,096 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Asure Software were worth $120,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ASUR. FMR LLC grew its stake in shares of 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 in the last quarter. Barclays PLC grew its position in shares of Asure Software by 225.7% during the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after purchasing an additional 21,533 shares in the last quarter. Unified Investment Management bought a new position in shares of Asure Software during the fourth quarter worth approximately $343,000. M&T Bank Corp acquired a new stake in shares of Asure Software in the third quarter valued at approximately $516,000. Finally, Penbrook Management LLC boosted its stake in shares of Asure Software by 1.8% in the fourth quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock valued at $1,073,000 after buying an additional 2,000 shares during the period. Institutional investors own 71.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ASUR. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research note on Friday, March 7th. Stephens restated an “overweight” rating and issued a $13.00 price target on shares of Asure Software in a research report on Friday, March 7th. Northland Securities upped their price objective on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research note on Friday, March 7th. Finally, Stifel Nicolaus boosted their target price 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. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $14.17.

Insider Activity

In other news, Director Grace G. Lee sold 7,500 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the transaction, the director now directly owns 32,215 shares in the company, valued at approximately $306,364.65. This represents a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.90% of the stock is currently owned by corporate insiders.

Asure Software Stock Performance

NASDAQ:ASUR opened at $9.89 on Tuesday. Asure Software, Inc. has a twelve month low of $6.89 and a twelve month high of $12.74. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $11.16 and its 200 day simple moving average is $9.96. The firm has a market capitalization of $266.82 million, a PE ratio of -21.04, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60.

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.