Boston Partners Sells 3,570 Shares of Asure Software, Inc. (NASDAQ:ASUR)

Boston Partners cut its holdings in shares of Asure Software, Inc. (NASDAQ:ASUR) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,008 shares of the technology company’s stock after selling 3,570 shares during the quarter. Boston Partners owned approximately 0.79% of Asure Software worth $1,967,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ASUR. Swedbank AB raised its holdings in Asure Software by 7.1% during the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after acquiring an additional 50,000 shares in the last quarter. FMR LLC boosted its holdings in shares of Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after buying an additional 5,199 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new position in shares of Asure Software in the third quarter valued at $5,191,000. Needham Investment Management LLC grew its stake in shares of Asure Software by 25.4% in the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after buying an additional 502,500 shares in the last quarter. Finally, State Street Corp increased its holdings in Asure Software by 0.5% during the third quarter. State Street Corp now owns 429,298 shares of the technology company’s stock worth $3,885,000 after buying an additional 1,961 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASUR has been the subject of a number of analyst reports. Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Stephens reissued an “overweight” rating and set a $13.00 price target on shares of Asure Software in a research report on Friday, March 7th. Northland Securities raised their price objective on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their target price on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $14.17.

Insider Transactions at Asure Software

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the transaction, the director now owns 32,215 shares in the company, valued at $306,364.65. This represents a 18.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 8.90% of the company’s stock.

Asure Software Stock Performance

NASDAQ:ASUR opened at $10.07 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $11.19 and a 200 day simple moving average of $9.93. Asure Software, Inc. has a 1-year low of $6.89 and a 1-year high of $12.74. The stock has a market cap of $271.68 million, a P/E ratio of -21.43, a PEG ratio of 1.11 and a beta of 0.60.

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.