First Eagle Investment Management LLC Boosts Stock Holdings in Asure Software, Inc. (NASDAQ:ASUR)

First Eagle Investment Management LLC raised its position in shares of Asure Software, Inc. (NASDAQ:ASUR) by 34.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 378,901 shares of the technology company’s stock after acquiring an additional 97,404 shares during the quarter. First Eagle Investment Management LLC’s holdings in Asure Software were worth $3,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Private Capital Management LLC grew its stake in shares of Asure Software by 11.6% during the 4th 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 period. Janus Henderson Group PLC lifted its holdings in Asure Software by 150.3% during the first 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 last quarter. Vanguard Group Inc. boosted its position in Asure Software by 6.4% during the first quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock worth $9,191,000 after purchasing an additional 71,495 shares during the period. S Squared Technology LLC boosted its position in Asure Software by 13.0% during the fourth quarter. S Squared Technology LLC now owns 976,900 shares of the technology company’s stock worth $9,300,000 after purchasing an additional 112,479 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of Asure Software by 18.3% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 745,145 shares of the technology company’s stock worth $7,094,000 after purchasing an additional 115,256 shares in the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on ASUR shares. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a report on Friday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Asure Software in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.40.

Insider Activity

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

Asure Software Stock Performance

Asure Software stock opened at $9.21 on Friday. The firm’s 50 day simple moving average is $8.97 and its 200 day simple moving average is $8.23. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03. Asure Software, Inc. has a 1-year low of $6.30 and a 1-year high of $10.52. The firm has a market capitalization of $237.74 million, a PE ratio of -21.28, a price-to-earnings-growth ratio of 0.90 and a beta of 0.55.

Asure Software (NASDAQ:ASUR) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $28.04 million during the quarter, compared to analysts’ expectations of $28.56 million. Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. As a group, analysts expect that Asure Software, Inc. will post 0.49 earnings per share for the current fiscal year.

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.