Candriam Luxembourg S.C.A. purchased a new stake in shares of Asure Software Inc (NASDAQ:ASUR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,000 shares of the technology company’s stock, valued at approximately $103,000. Candriam Luxembourg S.C.A. owned approximately 0.10% of Asure Software as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. RBF Capital LLC bought a new position in Asure Software in the first quarter worth approximately $61,000. Citigroup Inc. raised its stake in Asure Software by 27.3% in the first quarter. Citigroup Inc. now owns 11,575 shares of the technology company’s stock worth $69,000 after buying an additional 2,479 shares in the last quarter. Heritage Investors Management Corp bought a new position in Asure Software in the first quarter worth approximately $76,000. Creative Planning bought a new position in Asure Software in the first quarter worth approximately $81,000. Finally, M&T Bank Corp raised its stake in Asure Software by 14.6% in the first quarter. M&T Bank Corp now owns 14,837 shares of the technology company’s stock worth $88,000 after buying an additional 1,894 shares in the last quarter. 63.53% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on ASUR shares. Zacks Investment Research raised shares of Asure Software from a “hold” rating to a “strong-buy” rating and set a $7.50 price objective for the company in a research note on Wednesday, July 15th. Craig Hallum reduced their price objective on shares of Asure Software from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, April 24th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $9.50.
Shares of ASUR stock opened at $6.45 on Friday. The business’s fifty day simple moving average is $6.46 and its 200-day simple moving average is $6.89. The company has a market cap of $101.56 million, a PE ratio of 37.94, a PEG ratio of 1.84 and a beta of 1.18. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16. Asure Software Inc has a 12-month low of $4.30 and a 12-month high of $9.49.
Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The business had revenue of $18.95 million for the quarter, compared to the consensus estimate of $18.72 million. Asure Software had a return on equity of 2.28% and a net margin of 36.22%. On average, equities analysts forecast that Asure Software Inc will post 0.25 earnings per share for the current year.
In other news, Director Red Oak Partners, Llc sold 18,555 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $7.47, for a total transaction of $138,605.85. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William Carl Drew acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were bought at an average cost of $6.37 per share, for a total transaction of $63,700.00. Corporate insiders own 15.20% of the company’s stock.
Asure Software Profile
Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.
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