Fmr LLC Has $60,000 Position in Asure Software, Inc. (NASDAQ:ASUR)

Fmr LLC raised its stake in Asure Software, Inc. (NASDAQ:ASUR) by 350.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,681 shares of the technology company’s stock after acquiring an additional 5,199 shares during the period. Fmr LLC’s holdings in Asure Software were worth $60,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of ASUR. Rhumbline Advisers raised its stake in Asure Software by 11.4% in the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after purchasing an additional 2,948 shares in the last quarter. American Century Companies Inc. raised its position 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 valued at $228,000 after buying an additional 4,756 shares in the last quarter. Huntington National Bank bought a new stake in shares of Asure Software during the 3rd quarter worth approximately $64,000. Perritt Capital Management Inc increased its stake in Asure Software by 25.4% in the second quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company’s stock valued at $369,000 after acquiring an additional 8,877 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Asure Software by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 214,863 shares of the technology company’s stock valued at $1,805,000 after purchasing an additional 11,147 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ASUR has been the topic of a number of research analyst reports. 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. Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Monday, October 28th. Stifel Nicolaus increased their target price on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, November 1st. Finally, Northland Securities dropped their price objective on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research note on Friday, November 1st. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $13.92.

Asure Software Stock Up 0.4 %

Shares of NASDAQ ASUR opened at $9.14 on Wednesday. The company has a 50 day simple moving average of $9.32 and a 200 day simple moving average of $8.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software, Inc. has a 1 year low of $6.89 and a 1 year high of $10.52. The firm has a market cap of $242.70 million, a PE ratio of -19.45, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53.

Asure Software Company 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.