Kennedy Capital Management LLC Makes New Investment in Asure Software, Inc. (NASDAQ:ASUR)

Kennedy Capital Management LLC acquired a new stake in shares of Asure Software, Inc. (NASDAQ:ASUR) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 354,731 shares of the technology company’s stock, valued at approximately $3,338,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC grew its position in Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after acquiring an additional 5,199 shares during the period. Intech Investment Management LLC acquired a new position in shares of Asure Software in the 4th quarter valued at about $104,000. PNC Financial Services Group Inc. grew its holdings in shares of Asure Software by 66.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock worth $120,000 after purchasing an additional 5,096 shares during the period. Wells Fargo & Company MN increased its position 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 purchasing an additional 3,480 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Asure Software in the fourth quarter valued at approximately $239,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on ASUR. Stifel Nicolaus boosted their price objective on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Northland Securities increased their price target on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Finally, Stephens reiterated an “overweight” rating and set a $13.00 target price on shares of Asure Software in a report on Friday, March 7th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $14.17.

Asure Software Stock Performance

NASDAQ:ASUR opened at $9.19 on Friday. The firm has a 50-day moving average of $10.28 and a two-hundred day moving average of $9.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $247.94 million, a P/E ratio of -19.55, a PEG ratio of 1.11 and a beta of 0.41. Asure Software, Inc. has a 1-year low of $6.89 and a 1-year high of $12.74.

Insider Activity at Asure Software

In related news, Director Grace G. Lee sold 7,500 shares of Asure Software stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the completion of the sale, the director now owns 32,215 shares in the company, valued at approximately $306,364.65. The trade was a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.90% of the stock is currently owned by company insiders.

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.