Swedbank AB Has $6.79 Million Stock Position in Asure Software, Inc. (NASDAQ:ASUR)

Swedbank AB increased its stake in shares of Asure Software, Inc. (NASDAQ:ASUR) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 750,000 shares of the technology company’s stock after purchasing an additional 50,000 shares during the period. Swedbank AB owned approximately 2.82% of Asure Software worth $6,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rhumbline Advisers grew its position in shares of Asure Software by 11.4% during the 2nd 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. American Century Companies Inc. boosted its stake in Asure Software by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after acquiring an additional 4,756 shares during the last quarter. Huntington National Bank acquired a new position in Asure Software during the third quarter valued at approximately $64,000. Perritt Capital Management Inc increased its stake in Asure Software by 25.4% in the second quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company’s stock valued at $369,000 after purchasing an additional 8,877 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Asure Software by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 214,863 shares of the technology company’s stock worth $1,805,000 after purchasing an additional 11,147 shares during the period. Institutional investors own 71.58% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Asure Software

In other news, Director Daniel M. Gill sold 5,000 shares of Asure Software 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 in the company, valued at $244,753.85. This trade represents a 15.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.90% of the stock is owned by insiders.

Asure Software Price Performance

ASUR stock opened at $9.65 on Wednesday. The stock has a 50-day moving average price of $9.11 and a two-hundred day moving average price of $8.66. Asure Software, Inc. has a 1 year low of $6.89 and a 1 year high of $10.52. The stock has a market cap of $256.21 million, a PE ratio of -20.53, a price-to-earnings-growth ratio of 1.52 and a beta of 0.52. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

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.