Skylands Capital LLC Buys 38,976 Shares of Asure Software, Inc. (NASDAQ:ASUR)

Skylands Capital LLC lifted its stake in Asure Software, Inc. (NASDAQ:ASUR) by 28.8% during the fourth quarter, Holdings Channel reports. The fund owned 174,369 shares of the technology company’s stock after acquiring an additional 38,976 shares during the quarter. Skylands Capital LLC’s holdings in Asure Software were worth $1,641,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after purchasing an additional 5,199 shares during the last quarter. Huntington National Bank bought a new stake in shares of Asure Software during the 3rd quarter worth $64,000. Barclays PLC grew its stake in 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 buying an additional 21,533 shares during the last quarter. M&T Bank Corp bought a new position in Asure Software in the 3rd quarter worth $516,000. Finally, Penbrook Management LLC lifted its position in Asure Software by 1.8% during the 4th quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock worth $1,073,000 after acquiring an additional 2,000 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ASUR. Northland Securities raised their price target on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Stephens reissued an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Stifel Nicolaus boosted their target price 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. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a report on Monday, October 28th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Asure Software presently has a consensus rating of “Buy” and a consensus price target of $14.17.

Asure Software Trading Down 1.4 %

Shares of Asure Software stock opened at $11.25 on Monday. Asure Software, Inc. has a 52-week low of $6.89 and a 52-week high of $12.74. The firm has a market capitalization of $298.69 million, a PE ratio of -23.94, a price-to-earnings-growth ratio of 1.12 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The company’s fifty day moving average price is $11.01 and its two-hundred day moving average price is $9.70.

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.