Northpointe Capital LLC Has $6.01 Million Position in Asure Software Inc (ASUR)
Northpointe Capital LLC reduced its stake in shares of Asure Software Inc (NASDAQ:ASUR) by 21.8% in the 4th quarter, Holdings Channel reports. The firm owned 425,710 shares of the technology company’s stock after selling 118,708 shares during the quarter. Northpointe Capital LLC’s holdings in Asure Software were worth $6,011,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. bought a new position in Asure Software during the 3rd quarter worth $135,000. Northern Trust Corp grew its holdings in Asure Software by 37.8% during the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after acquiring an additional 6,692 shares during the period. Monarch Partners Asset Management LLC grew its holdings in Asure Software by 161.7% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 43,490 shares of the technology company’s stock worth $540,000 after acquiring an additional 26,870 shares during the period. Navellier & Associates Inc grew its holdings in Asure Software by 13.1% during the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock worth $730,000 after acquiring an additional 5,775 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Asure Software by 12.6% during the 2nd quarter. Wells Fargo & Company MN now owns 57,470 shares of the technology company’s stock worth $840,000 after acquiring an additional 6,435 shares during the period. 47.27% of the stock is owned by institutional investors and hedge funds.
Shares of Asure Software Inc (ASUR) traded down $0.16 during trading on Tuesday, reaching $15.57. The company’s stock had a trading volume of 59,400 shares, compared to its average volume of 130,450. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 1.39. The firm has a market cap of $188.06, a P/E ratio of -39.92, a P/E/G ratio of 0.80 and a beta of 1.21. Asure Software Inc has a 52-week low of $9.47 and a 52-week high of $17.27.
A number of brokerages have weighed in on ASUR. Craig Hallum began coverage on Asure Software in a report on Monday, December 4th. They set a “buy” rating for the company. Northland Securities set a $19.00 price target on Asure Software and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded Asure Software from a “hold” rating to a “sell” rating in a report on Monday, December 18th. Dougherty & Co reiterated a “buy” rating on shares of Asure Software in a report on Monday, November 20th. Finally, Cowen increased their price target on Asure Software from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.63.
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Asure Software Profile
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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