State Street Corp Grows Holdings in Asure Software, Inc. (NASDAQ:ASUR)

State Street Corp grew its holdings in shares of Asure Software, Inc. (NASDAQ:ASUR) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 429,298 shares of the technology company’s stock after acquiring an additional 1,961 shares during the period. State Street Corp owned about 1.62% of Asure Software worth $3,885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Rice Hall James & Associates LLC purchased a new stake in Asure Software during the 2nd quarter worth approximately $782,000. Pacific Ridge Capital Partners LLC raised its stake in shares of Asure Software by 7.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after purchasing an additional 55,123 shares in the last quarter. Whittier Trust Co. bought a new position in shares of Asure Software during the third quarter worth about $4,140,000. First Eagle Investment Management LLC grew its stake in Asure Software by 34.6% in the second quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock worth $3,183,000 after purchasing an additional 97,404 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Asure Software by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after buying an additional 4,756 shares during the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.

Asure Software Trading Up 0.6 %

Asure Software stock opened at $9.41 on Tuesday. The firm has a market cap of $249.87 million, a price-to-earnings ratio of -20.02, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53. Asure Software, Inc. has a 1 year low of $6.89 and a 1 year high of $10.52. The firm’s 50 day moving average price is $9.33 and its two-hundred day moving average price is $8.96. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. 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, November 1st. Stephens began coverage on Asure Software in a report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price for the company. Stifel Nicolaus raised 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 restated an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Finally, Northland Securities cut their price target 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $13.92.

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.