Zacks Investment Research lowered shares of Asure Software (NASDAQ:ASUR) from a buy rating to a hold rating in a research note issued to investors on Monday morning, Zacks.com reports.

According to Zacks, “Asure Software Inc., formerly Forgent Networks, Inc., is a provider of Web-based workforce management solutions. It offers Web-based workforce management solutions that enable organizations to manage their office environment, as well as their human resource and payroll processes. The Company offers its workforce management solutions under two product lines: NetSimplicity and iEmployee. Asure’s suite includes products to optimize workforce time and attendance tracking, benefits enrollment and tracking, pay stubs and W2 documentation, expense management, meeting and event management, and asset tracking. The company delivers easy-to-use, easy-to-deploy software products that serve small and medium-sized organizations and divisions of Fortune and Global 1000 enterprises. It focuses on developing products that deliver enterprise-class productivity enhancements at an affordable price such that any size organization can enjoy the benefits of its solutions. “

Separately, Craig Hallum dropped their target price on Asure Software from $9.00 to $8.00 and set a buy rating for the company in a research report on Friday, April 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $9.25.

Shares of NASDAQ:ASUR opened at $6.61 on Monday. Asure Software has a 1 year low of $4.30 and a 1 year high of $9.42. The business has a 50 day simple moving average of $6.57 and a two-hundred day simple moving average of $6.78. The firm has a market capitalization of $119.66 million, a PE ratio of 3.18, a price-to-earnings-growth ratio of 4.34 and a beta of 1.16. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.11 and a quick ratio of 1.10.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Monday, August 10th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.08. Asure Software had a return on equity of 1.40% and a net margin of 42.74%. Equities research analysts expect that Asure Software will post 0.13 EPS for the current fiscal year.

In related news, Director William Carl Drew purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was purchased at an average price of $6.37 per share, with a total value of $63,700.00. Insiders own 15.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Perritt Capital Management Inc. raised its stake in shares of Asure Software by 11.1% during the second quarter. Perritt Capital Management Inc. now owns 148,200 shares of the technology company’s stock valued at $953,000 after acquiring an additional 14,800 shares in the last quarter. American International Group Inc. bought a new position in Asure Software in the second quarter worth approximately $53,000. Bank of New York Mellon Corp raised its stake in Asure Software by 142.7% in the second quarter. Bank of New York Mellon Corp now owns 59,391 shares of the technology company’s stock worth $381,000 after buying an additional 34,925 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in Asure Software by 16.5% in the second quarter. Pacific Ridge Capital Partners LLC now owns 1,204,929 shares of the technology company’s stock worth $7,748,000 after buying an additional 170,687 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in Asure Software in the second quarter worth approximately $95,000. 63.53% of the stock is owned by hedge funds and other institutional investors.

Asure Software Company Profile

Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.

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