Geode Capital Management LLC Has $5.25 Million Holdings in Asure Software, Inc. (NASDAQ:ASUR)

Geode Capital Management LLC raised its stake in Asure Software, Inc. (NASDAQ:ASUR) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 580,138 shares of the technology company’s stock after buying an additional 24,649 shares during the quarter. Geode Capital Management LLC owned 2.19% of Asure Software worth $5,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Needham Investment Management LLC increased its stake in shares of Asure Software by 25.4% in the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after acquiring an additional 502,500 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Asure Software by 7.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock worth $6,334,000 after purchasing an additional 55,123 shares during the period. Swedbank AB grew its holdings in shares of Asure Software by 7.1% in the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock valued at $6,788,000 after buying an additional 50,000 shares during the period. ArrowMark Colorado Holdings LLC bought a new stake in shares of Asure Software in the 3rd quarter valued at $5,191,000. Finally, Rice Hall James & Associates LLC raised its stake in Asure Software by 465.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after buying an additional 433,197 shares during the period. Institutional investors own 71.58% of the company’s stock.

Asure Software Stock Performance

Shares of ASUR stock opened at $9.65 on Friday. Asure Software, Inc. has a 12 month low of $6.89 and a 12 month high of $10.52. The company’s fifty day simple moving average is $9.31 and its 200-day simple moving average is $9.01. The firm has a market cap of $256.25 million, a PE ratio of -20.53, a P/E/G ratio of 1.64 and a beta of 0.53. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04.

Wall Street Analyst Weigh In

ASUR has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a report on Monday, October 28th. Stephens began coverage on Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday, November 1st. Northland Securities reduced their price target on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, Stifel Nicolaus raised their price objective 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. Six analysts have rated the stock with a buy rating, According to MarketBeat, Asure Software presently has an average rating of “Buy” and a consensus 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.