Swedbank AB Takes Position in Asure Software, Inc. (NASDAQ:ASUR)

Swedbank AB bought a new stake in shares of Asure Software, Inc. (NASDAQ:ASUR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 600,000 shares of the technology company’s stock, valued at approximately $4,668,000. Swedbank AB owned 2.32% of Asure Software as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ASUR. Janus Henderson Group PLC raised its stake in Asure Software by 150.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,737,398 shares of the technology company’s stock valued at $13,517,000 after purchasing an additional 1,043,385 shares during the period. Private Capital Management LLC increased its stake in shares of Asure Software by 11.6% in the fourth quarter. Private Capital Management LLC now owns 3,924,027 shares of the technology company’s stock worth $37,357,000 after acquiring an additional 408,000 shares during the last quarter. Roubaix Capital LLC acquired a new position in shares of Asure Software in the first quarter worth $1,874,000. First Eagle Investment Management LLC acquired a new position in shares of Asure Software in the fourth quarter worth $2,227,000. Finally, Boston Partners acquired a new position in shares of Asure Software in the fourth quarter worth $1,619,000. 71.58% of the stock is owned by institutional investors and hedge funds.

Asure Software Stock Performance

ASUR stock traded down $0.99 during mid-day trading on Friday, reaching $9.00. 296,770 shares of the stock traded hands, compared to its average volume of 127,321. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. Asure Software, Inc. has a 52 week low of $6.30 and a 52 week high of $15.54. The business has a 50-day moving average of $8.54 and a two-hundred day moving average of $8.41. The firm has a market capitalization of $232.29 million, a PE ratio of -20.93, a P/E/G ratio of 0.95 and a beta of 0.62.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Asure Software had a negative net margin of 9.07% and a positive return on equity of 3.76%. The firm had revenue of $31.65 million for the quarter, compared to the consensus estimate of $30.98 million. As a group, equities analysts predict that Asure Software, Inc. will post 0.5 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ASUR. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a report on Friday. Finally, TD Cowen decreased their price objective on shares of Asure Software from $12.00 to $10.00 and set a “buy” rating for the company in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.40.

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.