Pacific Ridge Capital Partners LLC Cuts Stake in Asure Software Inc (NASDAQ:ASUR)

Pacific Ridge Capital Partners LLC cut its holdings in shares of Asure Software Inc (NASDAQ:ASUR) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 739,070 shares of the technology company’s stock after selling 34,502 shares during the quarter. Asure Software accounts for 1.9% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 13th largest position. Pacific Ridge Capital Partners LLC owned approximately 2.72% of Asure Software worth $7,058,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ASUR. American Century Companies Inc. raised its stake in shares of Asure Software by 8.5% in the fourth quarter. American Century Companies Inc. now owns 39,313 shares of the technology company’s stock valued at $370,000 after acquiring an additional 3,078 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Asure Software by 162.2% in the fourth quarter. JPMorgan Chase & Co. now owns 28,010 shares of the technology company’s stock worth $264,000 after acquiring an additional 17,329 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Asure Software by 29.7% during the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,480 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Asure Software in the 4th quarter valued at $239,000. Finally, Kennedy Capital Management LLC acquired a new position in shares of Asure Software during the fourth quarter worth $3,338,000. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Analyst Ratings Changes

ASUR has been the topic of several recent analyst reports. Needham & Company LLC dropped their target price on Asure Software from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday. Barrington Research reiterated an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a report on Tuesday, July 22nd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $14.00.

Insider Buying and Selling at Asure Software

In related news, Director Ben F. Allen sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the completion of the sale, the director directly owned 47,645 shares of the company’s stock, valued at $476,450. This represents a 17.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.70% of the company’s stock.

Asure Software Trading Down 13.7%

Shares of Asure Software stock opened at $8.37 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $9.97 and a 200-day simple moving average of $10.25. The stock has a market cap of $227.25 million, a price-to-earnings ratio of -14.43, a PEG ratio of 0.95 and a beta of 0.41. Asure Software Inc has a 12-month low of $7.51 and a 12-month high of $12.74.

Asure Software (NASDAQ:ASUR) last released 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 12.49% and a positive return on equity of 4.18%. On average, equities analysts forecast that Asure Software Inc will post 0.37 EPS for the current fiscal year.

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.