Driehaus Capital Management LLC acquired a new stake in Asure Software Inc (NASDAQ:ASUR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 464,875 shares of the technology company’s stock, valued at approximately $6,564,000. Driehaus Capital Management LLC owned approximately 3.73% of Asure Software at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in Asure Software by 37.8% in the second 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 during the last quarter. Vanguard Group Inc. grew its holdings in shares of Asure Software by 24.0% during the second quarter. Vanguard Group Inc. now owns 322,333 shares of the technology company’s stock worth $4,710,000 after purchasing an additional 62,418 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Asure Software by 137.6% during the second quarter. Dimensional Fund Advisors LP now owns 119,896 shares of the technology company’s stock worth $1,752,000 after purchasing an additional 69,434 shares during the last quarter. Monarch Partners Asset Management LLC grew its holdings in shares of Asure Software by 161.7% during the third quarter. Monarch Partners Asset Management LLC now owns 43,490 shares of the technology company’s stock worth $540,000 after purchasing an additional 26,870 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Asure Software by 2.8% during the third quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock worth $5,956,000 after purchasing an additional 13,279 shares during the last quarter. Institutional investors and hedge funds own 52.52% of the company’s stock.
Shares of Asure Software Inc (NASDAQ ASUR) traded up $1.23 during trading hours on Friday, reaching $14.90. 318,479 shares of the company were exchanged, compared to its average volume of 131,615. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 1.39. The firm has a market capitalization of $170.42, a P/E ratio of -38.21, a P/E/G ratio of 0.88 and a beta of 1.14. Asure Software Inc has a 1 year low of $9.47 and a 1 year high of $17.53.
ASUR has been the topic of several research reports. Craig Hallum began coverage on Asure Software in a report on Monday, December 4th. They set a “buy” rating on the stock. Dougherty & Co reissued a “buy” rating on shares of Asure Software in a report on Monday, November 20th. Canaccord Genuity reissued a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Tuesday, January 2nd. Northland Securities set a $19.00 price target on Asure Software and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, Zacks Investment Research raised Asure Software from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Asure Software has a consensus rating of “Buy” and an average target price of $18.50.
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Asure Software Company Profile
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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