Vanguard Group Inc. Boosts Stake in Asure Software Inc (ASUR)
Vanguard Group Inc. grew its holdings in Asure Software Inc (NASDAQ:ASUR) by 24.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 322,333 shares of the technology company’s stock after purchasing an additional 62,418 shares during the period. Vanguard Group Inc. owned approximately 3.74% of Asure Software worth $4,710,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Timpani Capital Management LLC raised its position in shares of Asure Software by 143.3% in the second quarter. Timpani Capital Management LLC now owns 142,622 shares of the technology company’s stock valued at $2,084,000 after purchasing an additional 84,009 shares during the period. Pacific Ridge Capital Partners LLC raised its position in shares of Asure Software by 29.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 377,917 shares of the technology company’s stock valued at $5,521,000 after purchasing an additional 85,140 shares during the period. Unterberg Capital LLC bought a new stake in shares of Asure Software in the second quarter valued at approximately $2,922,000. Catalyst Capital Advisors LLC purchased a new position in Asure Software during the second quarter valued at approximately $964,000. Finally, Northpointe Capital LLC purchased a new position in Asure Software during the second quarter valued at approximately $5,941,000. 46.61% of the stock is currently owned by institutional investors.
Shares of Asure Software Inc (NASDAQ:ASUR) opened at $14.11 on Friday. Asure Software Inc has a 1-year low of $7.90 and a 1-year high of $17.27. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04. The company has a market cap of $179.02, a price-to-earnings ratio of 55.23, a P/E/G ratio of 1.09 and a beta of 1.16.
Several equities analysts recently commented on ASUR shares. Northland Securities set a $18.00 price objective on shares of Asure Software and gave the company a “buy” rating in a research note on Tuesday, August 15th. Canaccord Genuity reissued a “buy” rating and issued a $18.00 price target on shares of Asure Software in a research note on Monday, August 14th. Dougherty & Co reissued a “buy” rating on shares of Asure Software in a research note on Monday, November 20th. Zacks Investment Research raised shares of Asure Software from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Cowen started coverage on shares of Asure Software in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $16.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $16.57.
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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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