Unterberg Capital LLC raised its holdings in shares of Asure Software Inc (NASDAQ:ASUR) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 320,000 shares of the technology company’s stock after purchasing an additional 20,000 shares during the period. Asure Software accounts for approximately 5.5% of Unterberg Capital LLC’s investment portfolio, making the stock its 3rd biggest holding. Unterberg Capital LLC’s holdings in Asure Software were worth $4,518,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Asure Software during the third quarter worth $135,000. Virtu Financial LLC acquired a new position in shares of Asure Software during the fourth quarter worth $231,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Asure Software during the fourth quarter worth $321,000. Northern Trust Corp increased its position in shares of Asure Software by 37.8% during the second quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after purchasing an additional 6,692 shares in the last quarter. Finally, Gradient Investments LLC acquired a new position in shares of Asure Software during the fourth quarter worth $416,000. 50.76% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently issued reports on ASUR. Craig Hallum began coverage on Asure Software in a research report on Monday, December 4th. They set a “buy” rating on the stock. Northland Securities set a $19.00 price objective on shares of Asure Software and gave the company a “buy” rating in a report on Wednesday, January 3rd. Dougherty & Co reissued a “buy” rating on shares of Asure Software in a report on Monday, November 20th. Zacks Investment Research lowered shares of Asure Software from a “hold” rating to a “sell” rating in a report on Monday, December 18th. Finally, Cowen boosted their price objective on shares of Asure Software from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $17.63.
Shares of Asure Software Inc (NASDAQ:ASUR) opened at $14.10 on Tuesday. The firm has a market cap of $175.78, a price-to-earnings ratio of -37.11, a PEG ratio of 0.72 and a beta of 1.07. 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 1-year low of $9.47 and a 1-year 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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