Asure Software Inc to Post FY2018 Earnings of $0.77 Per Share, Dougherty & Co Forecasts (ASUR)

Asure Software Inc (NASDAQ:ASUR) – Analysts at Dougherty & Co lifted their FY2018 earnings estimates for Asure Software in a research report issued to clients and investors on Tuesday, April 3rd. Dougherty & Co analyst R. Mattson now expects that the technology company will earn $0.77 per share for the year, up from their previous estimate of $0.67. Dougherty & Co has a “Buy” rating and a $18.00 price objective on the stock.

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Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Asure Software from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a report on Tuesday, January 2nd. ValuEngine downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Canaccord Genuity restated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a report on Tuesday, January 2nd. Barrington Research set a $20.00 price objective on shares of Asure Software and gave the stock a “buy” rating in a report on Thursday, March 29th. Finally, Cowen upped their price objective on shares of Asure Software from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.50.

Shares of NASDAQ ASUR opened at $14.09 on Friday. The firm has a market cap of $175.67, a P/E ratio of 31.31, a P/E/G ratio of 0.70 and a beta of 1.23. Asure Software has a 12-month low of $9.47 and a 12-month high of $17.53. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.24 and a current ratio of 1.24.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASUR. Northern Trust Corp raised its holdings in 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 buying an additional 6,692 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in 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 buying an additional 13,279 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Asure Software by 93.3% during the third quarter. Dimensional Fund Advisors LP now owns 231,715 shares of the technology company’s stock worth $2,878,000 after buying an additional 111,819 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Asure Software by 45.6% in the third quarter. Allianz Asset Management GmbH now owns 86,285 shares of the technology company’s stock valued at $1,072,000 after purchasing an additional 27,015 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Asure Software by 548.1% in the third quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock valued at $5,589,000 after purchasing an additional 380,570 shares during the last quarter. Hedge funds and other institutional investors own 52.02% of the company’s stock.

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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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