Bard Associates Inc. Sells 3,550 Shares of Asure Software, Inc. (NASDAQ:ASUR)

Bard Associates Inc. cut its stake in Asure Software, Inc. (NASDAQ:ASUR) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,918 shares of the technology company’s stock after selling 3,550 shares during the quarter. Bard Associates Inc. owned 0.50% of Asure Software worth $1,212,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ASUR. Huntington National Bank acquired a new position in shares of Asure Software in the third quarter valued at approximately $64,000. BNP Paribas Financial Markets increased its holdings in Asure Software by 45.1% during the 1st quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after purchasing an additional 3,398 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Asure Software by 21.2% in the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after purchasing an additional 4,756 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after buying an additional 2,948 shares during the period. Finally, Perritt Capital Management Inc grew 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 buying an additional 8,877 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ASUR. Stephens assumed coverage on shares of Asure Software in a report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research note on Friday, November 1st. Northland Securities lowered their target price on Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Barrington Research reissued an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $14.50.

Asure Software Stock Performance

Shares of Asure Software stock opened at $8.65 on Friday. The company’s 50 day moving average price is $9.06 and its two-hundred day moving average price is $8.55. Asure Software, Inc. has a fifty-two week low of $6.70 and a fifty-two week high of $10.52. The firm has a market capitalization of $229.69 million, a P/E ratio of -18.40, a P/E/G ratio of 1.44 and a beta of 0.52. 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

In related news, Director Daniel M. Gill sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $8.69, for a total transaction of $43,450.00. Following the completion of the transaction, the director now directly owns 28,165 shares in the company, valued at $244,753.85. The trade was a 15.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Eyal Goldstein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the sale, the executive now directly owns 239,243 shares in the company, valued at approximately $2,019,210.92. The trade was a 4.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.90% of the company’s stock.

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.