Unterberg Capital LLC increased its position in Asure Software Inc (NASDAQ:ASUR) by 50.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 300,000 shares of the technology company’s stock after acquiring an additional 100,000 shares during the quarter. Asure Software comprises 4.6% of Unterberg Capital LLC’s investment portfolio, making the stock its 9th largest holding. Unterberg Capital LLC owned approximately 2.42% of Asure Software worth $3,726,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Navellier & Associates Inc increased its holdings in Asure Software by 13.1% in the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock worth $730,000 after acquiring an additional 5,775 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Asure Software by 12.6% during the 2nd quarter. Wells Fargo & Company MN now owns 57,470 shares of the technology company’s stock valued at $840,000 after buying an additional 6,435 shares in the last quarter. Northern Trust Corp grew its holdings in Asure Software by 37.8% during the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock valued at $357,000 after buying an additional 6,692 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Asure Software during the 3rd quarter valued at about $135,000. Finally, Russell Investments Group Ltd. grew its holdings in Asure Software by 2.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock valued at $5,956,000 after buying an additional 13,279 shares in the last quarter. 46.61% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the company. Dougherty & Co reaffirmed a “buy” rating on shares of Asure Software in a report on Monday, November 20th. Craig Hallum assumed coverage on Asure Software in a report on Monday. They set a “buy” rating for the company. Zacks Investment Research lowered Asure Software from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Northland Securities set a $18.00 target price on Asure Software and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $18.00 price target on shares of Asure Software in a research report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $16.57.
Shares of Asure Software Inc (NASDAQ:ASUR) opened at $13.88 on Tuesday. The stock has a market capitalization of $175.91, a PE ratio of 54.27, a PEG ratio of 1.07 and a beta of 1.17. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04. Asure Software Inc has a 12-month low of $8.00 and a 12-month high of $17.27.
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About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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