Penbrook Management LLC Acquires 2,000 Shares of Asure Software, Inc. (NASDAQ:ASUR)

Penbrook Management LLC grew its holdings in Asure Software, Inc. (NASDAQ:ASUR) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,035 shares of the technology company’s stock after buying an additional 2,000 shares during the quarter. Penbrook Management LLC owned 0.43% of Asure Software worth $1,073,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Tallon Kerry Patrick bought a new stake in Asure Software in the fourth quarter valued at $1,372,000. Barclays PLC boosted its stake 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 purchasing an additional 21,533 shares in the last quarter. Geode Capital Management LLC grew 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 worth $5,251,000 after purchasing an additional 24,649 shares during the last quarter. M&T Bank Corp bought a new position in Asure Software during the 3rd quarter valued at about $516,000. Finally, State Street Corp grew its stake in Asure Software by 0.5% during the third quarter. State Street Corp now owns 429,298 shares of the technology company’s stock worth $3,885,000 after buying an additional 1,961 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Asure Software Stock Performance

Shares of ASUR opened at $12.34 on Thursday. The stock’s fifty day simple moving average is $10.30 and its 200-day simple moving average is $9.46. Asure Software, Inc. has a 12-month low of $6.89 and a 12-month high of $12.74. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Northland Securities lifted their target price on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Barrington Research restated an “outperform” rating and set a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Stifel Nicolaus lifted their price target on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Stephens reissued an “overweight” rating and set a $13.00 price objective on shares of Asure Software in a report on Wednesday, January 15th. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $14.17.

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.