M&T Bank Corp Purchases Shares of 57,040 Asure Software, Inc. (NASDAQ:ASUR)

M&T Bank Corp acquired a new stake in Asure Software, Inc. (NASDAQ:ASUR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 57,040 shares of the technology company’s stock, valued at approximately $516,000. M&T Bank Corp owned 0.21% of Asure Software at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its holdings in Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after purchasing an additional 21,533 shares during the period. State Street Corp lifted its position in shares of Asure Software by 0.5% in the third quarter. State Street Corp now owns 429,298 shares of the technology company’s stock valued at $3,885,000 after buying an additional 1,961 shares during the last quarter. Needham Investment Management LLC boosted its stake in shares of Asure Software by 25.4% during the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after acquiring an additional 502,500 shares during the period. ArrowMark Colorado Holdings LLC acquired a new position in shares of Asure Software during the 3rd quarter worth approximately $5,191,000. Finally, FMR LLC raised its stake in Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after acquiring an additional 5,199 shares during the period. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Asure Software Price Performance

NASDAQ:ASUR opened at $9.32 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $247.48 million, a price-to-earnings ratio of -19.83, a P/E/G ratio of 1.64 and a beta of 0.53. Asure Software, Inc. has a 52 week low of $6.89 and a 52 week high of $10.52. The firm’s 50-day simple moving average is $9.27 and its 200 day simple moving average is $8.88.

Analysts Set New Price Targets

ASUR has been the topic of several research reports. Barrington Research reiterated an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a report on Monday, October 28th. Stephens assumed coverage on shares of Asure Software in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target on the stock. Northland Securities cut their price objective on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a report on Friday, November 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Asure Software currently has a consensus rating of “Buy” and an average price target of $14.50.

Asure Software Company Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.