Boston Partners reduced its position in shares of Asure Software, Inc. (NASDAQ:ASUR – Get Rating) by 31.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,218 shares of the technology company’s stock after selling 24,273 shares during the period. Boston Partners owned 0.26% of Asure Software worth $488,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of ASUR. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Asure Software in the third quarter worth about $59,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Asure Software by 16.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,500 shares of the technology company’s stock worth $128,000 after buying an additional 3,000 shares during the period. Renaissance Technologies LLC lifted its holdings in Asure Software by 10.3% in the third quarter. Renaissance Technologies LLC now owns 26,800 shares of the technology company’s stock worth $153,000 after buying an additional 2,500 shares during the period. Northern Trust Corp lifted its holdings in shares of Asure Software by 14.8% during the first quarter. Northern Trust Corp now owns 37,499 shares of the technology company’s stock valued at $222,000 after purchasing an additional 4,830 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Asure Software by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 38,875 shares of the technology company’s stock valued at $232,000 after purchasing an additional 1,909 shares during the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Asure Software news, CRO Eyal Goldstein sold 20,000 shares of Asure Software stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $13.69, for a total value of $273,800.00. Following the completion of the sale, the executive now owns 81,617 shares of the company’s stock, valued at approximately $1,117,336.73. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Bradford Scovill Oberwager sold 4,144 shares of the business’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $13.71, for a total transaction of $56,814.24. Following the completion of the sale, the director now owns 29,783 shares of the company’s stock, valued at approximately $408,324.93. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Eyal Goldstein sold 20,000 shares of the business’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $13.69, for a total transaction of $273,800.00. Following the sale, the executive now directly owns 81,617 shares of the company’s stock, valued at approximately $1,117,336.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,448 shares of company stock valued at $579,892. Company insiders own 7.60% of the company’s stock.
Asure Software Stock Performance
Asure Software (NASDAQ:ASUR – Get Rating) last posted its earnings results on Monday, February 27th. The technology company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.19. Asure Software had a negative net margin of 10.63% and a positive return on equity of 2.90%. The business had revenue of $29.29 million during the quarter, compared to the consensus estimate of $23.64 million. Analysts predict that Asure Software, Inc. will post 0.12 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Asure Software in a report on Thursday, April 6th. Cowen lifted their target price on shares of Asure Software from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, February 28th. StockNews.com assumed coverage on shares of Asure Software in a report on Thursday, March 16th. They set a “hold” rating for the company. Barrington Research lifted their target price on shares of Asure Software from $15.00 to $17.00 in a report on Tuesday. Finally, Lake Street Capital lifted their target price on shares of Asure Software from $17.00 to $19.00 in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.38.
About Asure Software
Asure Software, Inc delivers human capital management solutions through the lens of entrepreneurs and executives with an owner’s mentality. It helps small and mid-sized businesses to develop their human capital and allocate their time, money and technology toward growth. Its solutions include Asure Payroll & Tax, Asure HR, and Asure Time & Attendance.
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