Whittier Trust Co. Has $495,000 Stake in Asure Software, Inc. (NASDAQ:ASUR)

Whittier Trust Co. lessened its holdings in shares of Asure Software, Inc. (NASDAQ:ASUR) by 88.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,623 shares of the technology company’s stock after selling 404,788 shares during the period. Whittier Trust Co.’s holdings in Asure Software were worth $495,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. FMR LLC boosted its stake in shares of Asure Software by 350.8% in the third 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 during the period. Intech Investment Management LLC acquired a new position in Asure Software in the 4th quarter valued at $104,000. PNC Financial Services Group Inc. lifted its position in shares of Asure Software by 66.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock valued at $120,000 after acquiring an additional 5,096 shares during the period. Barclays PLC grew its holdings in shares of Asure Software by 225.7% during the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after purchasing an additional 21,533 shares in the last quarter. Finally, Unified Investment Management bought a new position in shares of Asure Software in the fourth quarter worth $343,000. 71.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ASUR. Northland Securities upped their price objective on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research note on Friday, March 7th. Barrington Research restated an “outperform” rating and set a $17.00 target price on shares of Asure Software in a research note on Friday, March 7th. Finally, Stifel Nicolaus lifted their price target on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $14.17.

Asure Software Stock Performance

Shares of Asure Software stock opened at $10.07 on Friday. The company’s 50 day moving average price is $11.19 and its two-hundred day moving average price is $9.94. The firm has a market capitalization of $271.68 million, a P/E ratio of -21.43, a P/E/G ratio of 1.11 and a beta of 0.60. Asure Software, Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $12.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07.

Insider Activity at Asure Software

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.51, for a total value of $71,325.00. Following the completion of the transaction, the director now owns 32,215 shares of the company’s stock, valued at $306,364.65. This represents a 18.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.90% of the stock is currently owned by company insiders.

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.