Needham Investment Management LLC Increases Stock Position in Asure Software, Inc. (NASDAQ:ASUR)

Needham Investment Management LLC boosted its holdings in shares of Asure Software, Inc. (NASDAQ:ASUR) by 25.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,482,500 shares of the technology company’s stock after buying an additional 502,500 shares during the quarter. Asure Software makes up approximately 1.7% of Needham Investment Management LLC’s investment portfolio, making the stock its 13th biggest holding. Needham Investment Management LLC owned about 9.35% of Asure Software worth $22,467,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. FMR LLC increased its position in Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after buying an additional 5,199 shares in the last quarter. Huntington National Bank purchased a new position in Asure Software in the 3rd quarter worth $64,000. American Century Companies Inc. lifted its position in Asure Software by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after acquiring an additional 4,756 shares during the period. Rhumbline Advisers raised its stake in shares of Asure Software by 11.4% in the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after purchasing an additional 2,948 shares during the last quarter. Finally, Perritt Capital Management Inc lifted its holdings in shares of Asure Software by 25.4% during the second quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company’s stock worth $369,000 after purchasing an additional 8,877 shares during the period. Institutional investors own 71.58% of the company’s stock.

Asure Software Price Performance

Shares of NASDAQ ASUR traded down $0.18 during trading on Tuesday, hitting $9.51. The company had a trading volume of 5,628 shares, compared to its average volume of 148,710. Asure Software, Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $10.52. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $9.15 and a two-hundred day simple moving average of $8.72. The firm has a market capitalization of $252.49 million, a price-to-earnings ratio of -20.62, a price-to-earnings-growth ratio of 1.55 and a beta of 0.53.

Analyst Ratings Changes

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