Cynosure Advisors LLC bought a new stake in Asure Software Inc (NASDAQ:ASUR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,628 shares of the technology company’s stock, valued at approximately $201,000. Cynosure Advisors LLC owned 0.08% of Asure Software at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Dubuque Bank & Trust Co. bought a new stake in shares of Asure Software in the 1st quarter valued at approximately $125,000. Element Capital Management LLC bought a new stake in shares of Asure Software in the 1st quarter valued at approximately $142,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Asure Software in the 1st quarter valued at approximately $187,000. Engineers Gate Manager LP bought a new stake in shares of Asure Software in the 2nd quarter valued at approximately $227,000. Finally, Tibra Equities Europe Ltd bought a new stake in shares of Asure Software in the 1st quarter valued at approximately $248,000. Institutional investors own 60.81% of the company’s stock.

Several equities research analysts recently commented on ASUR shares. ValuEngine cut Asure Software from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Dougherty & Co started coverage on Asure Software in a research note on Tuesday, August 28th. They issued a “buy” rating and a $20.00 price target for the company. Barrington Research set a $25.00 price target on Asure Software and gave the company a “buy” rating in a research note on Thursday, August 9th. Zacks Investment Research raised Asure Software from a “sell” rating to a “hold” rating in a research note on Monday, June 18th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Asure Software in a research note on Thursday, May 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $20.43.

Shares of Asure Software stock opened at $14.25 on Wednesday. The company has a market cap of $214.01 million, a price-to-earnings ratio of 32.01, a P/E/G ratio of 0.92 and a beta of 1.07. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.54 and a quick ratio of 1.52. Asure Software Inc has a 12-month low of $9.89 and a 12-month high of $19.78.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Wednesday, August 8th. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $21.77 million during the quarter, compared to analysts’ expectations of $21.53 million. Asure Software had a positive return on equity of 9.05% and a negative net margin of 11.85%. equities analysts predict that Asure Software Inc will post 0.56 EPS for the current fiscal year.

In other Asure Software news, Director Daniel M. Gill sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $16.45, for a total transaction of $8,225,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.20% of the stock is owned by corporate insiders.

About Asure Software

Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.

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Institutional Ownership by Quarter for Asure Software (NASDAQ:ASUR)

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