GAMMA Investing LLC Purchases 5,635 Shares of Asure Software Inc (NASDAQ:ASUR)

GAMMA Investing LLC boosted its position in Asure Software Inc (NASDAQ:ASUR) by 1,136.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,131 shares of the technology company’s stock after acquiring an additional 5,635 shares during the period. GAMMA Investing LLC’s holdings in Asure Software were worth $642,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ASUR. Intech Investment Management LLC bought a new position in shares of Asure Software in the fourth quarter valued at approximately $104,000. PNC Financial Services Group Inc. lifted its holdings in shares of Asure Software by 66.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock valued at $120,000 after purchasing an additional 5,096 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Asure Software by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock valued at $143,000 after purchasing an additional 3,480 shares in the last quarter. Deutsche Bank AG lifted its holdings in Asure Software by 49.6% during the fourth quarter. Deutsche Bank AG now owns 18,625 shares of the technology company’s stock worth $175,000 after acquiring an additional 6,175 shares during the period. Finally, Envestnet Asset Management Inc. bought a new stake in Asure Software during the fourth quarter worth $239,000. Institutional investors own 71.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ASUR. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, May 2nd. Stephens reiterated an “overweight” rating and set a $13.00 price target on shares of Asure Software in a report on Friday, March 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $17.00 price target on shares of Asure Software in a report on Tuesday, May 27th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Asure Software presently has a consensus rating of “Buy” and an average price target of $15.00.

Insider Activity at Asure Software

In related news, Director Ben F. Allen sold 10,000 shares of Asure Software stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the sale, the director now owns 47,645 shares of the company’s stock, valued at approximately $476,450. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.70% of the stock is owned by corporate insiders.

Asure Software Stock Performance

NASDAQ:ASUR opened at $9.15 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day simple moving average of $9.67 and a two-hundred day simple moving average of $10.16. Asure Software Inc has a 1 year low of $7.51 and a 1 year high of $12.74. The company has a market capitalization of $248.42 million, a P/E ratio of -17.26, a P/E/G ratio of 0.94 and a beta of 0.41.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Thursday, May 1st. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.06). Asure Software had a negative net margin of 11.27% and a positive return on equity of 4.52%. On average, analysts expect that Asure Software Inc will post 0.37 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.