Perkins Capital Management Inc. Cuts Position in Asure Software Inc (NASDAQ:ASUR)

Perkins Capital Management Inc. decreased its holdings in Asure Software Inc (NASDAQ:ASUR) by 34.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,500 shares of the technology company’s stock after selling 22,500 shares during the quarter. Perkins Capital Management Inc. owned about 0.27% of Asure Software worth $285,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in ASUR. Paloma Partners Management Co purchased a new position in shares of Asure Software in the second quarter valued at $556,000. S Squared Technology LLC increased its position in shares of Asure Software by 21.2% in the second quarter. S Squared Technology LLC now owns 94,108 shares of the technology company’s stock valued at $775,000 after buying an additional 16,461 shares in the last quarter. Perritt Capital Management Inc. increased its position in shares of Asure Software by 9.4% in the second quarter. Perritt Capital Management Inc. now owns 233,400 shares of the technology company’s stock valued at $1,921,000 after buying an additional 20,000 shares in the last quarter. Skylands Capital LLC increased its position in shares of Asure Software by 69.3% in the second quarter. Skylands Capital LLC now owns 378,550 shares of the technology company’s stock valued at $3,115,000 after buying an additional 154,946 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of Asure Software by 9.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 870,454 shares of the technology company’s stock valued at $7,164,000 after buying an additional 74,098 shares in the last quarter. Hedge funds and other institutional investors own 45.22% of the company’s stock.

Shares of ASUR traded up $0.15 during trading hours on Thursday, reaching $8.63. 4,220 shares of the company traded hands, compared to its average volume of 831,315. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $133.73 million, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26. Asure Software Inc has a fifty-two week low of $4.26 and a fifty-two week high of $11.70. The stock has a fifty day simple moving average of $7.25 and a 200 day simple moving average of $7.36.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $24.84 million for the quarter, compared to analyst estimates of $24.64 million. Asure Software had a positive return on equity of 6.81% and a negative net margin of 9.77%. Research analysts predict that Asure Software Inc will post 0.32 EPS for the current fiscal year.

ASUR has been the subject of a number of research analyst reports. Northland Securities restated a “buy” rating and issued a $9.00 price target on shares of Asure Software in a research report on Wednesday, October 9th. Needham & Company LLC restated a “buy” rating and issued a $12.00 price target on shares of Asure Software in a research report on Monday, October 14th. Zacks Investment Research upgraded Asure Software from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research report on Tuesday. ValuEngine upgraded Asure Software from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Finally, Canaccord Genuity set a $12.00 price target on Asure Software and gave the company a “buy” rating in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $12.31.

About Asure Software

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

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