Bank of New York Mellon Corp Sells 7,681 Shares of Asure Software, Inc. (NASDAQ:ASUR)

Bank of New York Mellon Corp lessened its stake in shares of Asure Software, Inc. (NASDAQ:ASUR) by 3.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,034 shares of the technology company’s stock after selling 7,681 shares during the period. Bank of New York Mellon Corp’s holdings in Asure Software were worth $1,779,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of Asure Software by 0.5% in the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company’s stock valued at $3,885,000 after acquiring an additional 1,961 shares during the last quarter. Penbrook Management LLC lifted its holdings in shares of Asure Software by 1.8% in the 4th quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock valued at $1,073,000 after acquiring an additional 2,000 shares during the last quarter. FMR LLC lifted its holdings in shares of Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after acquiring an additional 5,199 shares during the last quarter. Barclays PLC lifted its holdings in shares of Asure Software by 225.7% in the 3rd quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after acquiring an additional 21,533 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Asure Software by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after acquiring an additional 24,649 shares during the last quarter. Institutional investors own 71.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ASUR shares. Stephens reaffirmed an “overweight” rating and issued a $13.00 price target on shares of Asure Software in a report on Friday, March 7th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a report on Friday, March 7th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Stifel Nicolaus increased their price objective on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Northland Securities increased 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. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $14.17.

Insider Transactions at Asure Software

In other news, Director Grace G. Lee sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the transaction, the director now directly owns 32,215 shares of the company’s stock, valued at approximately $306,364.65. This trade represents a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 8.90% of the company’s stock.

Asure Software Stock Performance

Asure Software stock opened at $10.07 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software, Inc. has a 1-year low of $6.89 and a 1-year high of $12.74. The firm has a market capitalization of $271.68 million, a P/E ratio of -21.43, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company’s 50-day moving average is $11.19 and its 200 day moving average is $9.94.

About Asure Software

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.