Rice Hall James & Associates LLC Makes New Investment in Asure Software, Inc. (NASDAQ:ASUR)

Rice Hall James & Associates LLC acquired a new stake in shares of Asure Software, Inc. (NASDAQ:ASUR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 93,148 shares of the technology company’s stock, valued at approximately $782,000.

A number of other large investors also recently modified their holdings of ASUR. BNP Paribas Financial Markets grew its position in Asure Software by 45.1% during the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock valued at $85,000 after acquiring an additional 3,398 shares during the last quarter. Capstone Investment Advisors LLC raised its position in Asure Software by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock worth $170,000 after purchasing an additional 1,800 shares during the period. Rhumbline Advisers lifted 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 worth $242,000 after purchasing an additional 2,948 shares during the last quarter. Aristides Capital LLC purchased a new stake in Asure Software during the fourth quarter valued at about $255,000. Finally, GSA Capital Partners LLP grew its stake in shares of Asure Software by 20.7% during the first quarter. GSA Capital Partners LLP now owns 62,740 shares of the technology company’s stock valued at $488,000 after buying an additional 10,752 shares during the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ASUR has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Asure Software in a report on Friday, August 2nd. Barrington Research restated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.40.

Insider Activity at Asure Software

In other Asure Software news, CRO Eyal Goldstein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the sale, the executive now directly owns 239,243 shares in the company, valued at $2,019,210.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total transaction of $43,450.00. Following the completion of the transaction, the director now owns 28,165 shares of the company’s stock, valued at $244,753.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Eyal Goldstein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the sale, the executive now directly owns 239,243 shares in the company, valued at $2,019,210.92. The disclosure for this sale can be found here. 8.90% of the stock is owned by corporate insiders.

Asure Software Trading Down 0.9 %

NASDAQ ASUR opened at $8.57 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. Asure Software, Inc. has a fifty-two week low of $6.30 and a fifty-two week high of $11.86. The stock has a market cap of $221.22 million, a P/E ratio of -19.93, a price-to-earnings-growth ratio of 0.84 and a beta of 0.55. The stock has a 50 day simple moving average of $8.87 and a two-hundred day simple moving average of $8.23.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Asure Software had a negative net margin of 9.07% and a positive return on equity of 3.75%. The company had revenue of $28.04 million during the quarter, compared to the consensus estimate of $28.56 million. On average, analysts forecast that Asure Software, Inc. will post 0.49 earnings per share for the current year.

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.