Asure Software (NASDAQ:ASUR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Asure Software (NASDAQ:ASUR – Get Rating) in a research report released on Monday morning. The brokerage issued a hold rating on the technology company’s stock.

Shares of ASUR stock opened at $5.71 on Monday. The firm has a market cap of $114.40 million, a P/E ratio of 31.72 and a beta of 1.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software has a 1-year low of $5.65 and a 1-year high of $9.94. The firm has a fifty day moving average of $6.70 and a two-hundred day moving average of $7.78.

Asure Software (NASDAQ:ASUR – Get Rating) last announced its quarterly earnings data on Monday, March 14th. The technology company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Asure Software had a net margin of 4.20% and a negative return on equity of 0.32%. During the same quarter last year, the company posted ($0.04) earnings per share. On average, sell-side analysts expect that Asure Software will post -0.1 EPS for the current year.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Asure Software by 0.8% in the 3rd quarter. BlackRock Inc. now owns 239,929 shares of the technology company’s stock worth $2,161,000 after buying an additional 1,965 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its position in shares of Asure Software by 0.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,343,704 shares of the technology company’s stock worth $12,107,000 after buying an additional 4,388 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Asure Software by 6.4% in the 3rd quarter. Advisor Group Holdings Inc. now owns 36,177 shares of the technology company’s stock worth $325,000 after buying an additional 2,164 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Asure Software in the 4th quarter worth about $1,210,000. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Asure Software by 29.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 19,192 shares of the technology company’s stock worth $150,000 after buying an additional 4,340 shares during the last quarter. Institutional investors own 69.87% of the company’s stock.

Asure Software Company Profile (Get Rating)

Asure Software, Inc provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business. The company's solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; Asure (human resource) HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enable employees to access information, pay history, and company documents; and Asure Time & Attendance that provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft.

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