Asure Software Inc $ASUR Shares Acquired by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC raised its position in shares of Asure Software Inc (NASDAQ:ASUR) by 7.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 866,474 shares of the technology company’s stock after buying an additional 62,231 shares during the period. ArrowMark Colorado Holdings LLC owned about 3.12% of Asure Software worth $7,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ASUR. BNP Paribas Financial Markets increased its stake in shares of Asure Software by 107.8% during the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after buying an additional 2,586 shares during the period. Tower Research Capital LLC TRC grew its position in Asure Software by 446.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock worth $65,000 after purchasing an additional 5,451 shares during the last quarter. Tripletail Wealth Management LLC purchased a new position in shares of Asure Software during the third quarter worth about $75,000. Invesco Ltd. purchased a new stake in shares of Asure Software during the second quarter worth approximately $112,000. Finally, PNC Financial Services Group Inc. raised its position in Asure Software by 11.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,409 shares of the technology company’s stock worth $131,000 after buying an additional 1,378 shares during the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on ASUR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, January 21st. Barrington Research restated an “outperform” rating and set a $15.00 target price on shares of Asure Software in a research report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.00.

Asure Software Price Performance

Asure Software stock opened at $8.95 on Monday. The firm has a fifty day moving average of $8.94 and a 200-day moving average of $8.56. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. Asure Software Inc has a 52-week low of $6.80 and a 52-week high of $11.48. The firm has a market capitalization of $253.91 million, a P/E ratio of -19.04, a PEG ratio of 1.11 and a beta of 0.45.

Asure Software Profile

Asure Software, Inc (NASDAQ: ASUR) is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.

The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.