Geode Capital Management LLC Has $5.25 Million Stock Position in Asure Software, Inc. (NASDAQ:ASUR)

Geode Capital Management LLC increased its stake in Asure Software, Inc. (NASDAQ:ASUR) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 580,138 shares of the technology company’s stock after buying an additional 24,649 shares during the quarter. Geode Capital Management LLC’s holdings in Asure Software were worth $5,251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Rice Hall James & Associates LLC acquired a new stake in Asure Software in the second quarter valued at $782,000. Pacific Ridge Capital Partners LLC lifted its stake in Asure Software by 7.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after purchasing an additional 55,123 shares during the last quarter. Whittier Trust Co. bought a new position in Asure Software during the third quarter worth about $4,140,000. First Eagle Investment Management LLC increased its position in Asure Software by 34.6% during the second quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock worth $3,183,000 after buying an additional 97,404 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Asure Software by 21.2% in the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after buying an additional 4,756 shares during the period. 71.58% of the stock is owned by institutional investors.

Asure Software Stock Performance

NASDAQ ASUR opened at $9.65 on Friday. The firm has a 50-day moving average price of $9.31 and a two-hundred day moving average price of $9.01. Asure Software, Inc. has a 12-month low of $6.89 and a 12-month high of $10.52. The company has a market capitalization of $256.25 million, a P/E ratio of -20.53, a P/E/G ratio of 1.64 and a beta of 0.53. 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 Ratings Changes

A number of research firms recently weighed in on ASUR. Stifel Nicolaus boosted their target price on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Northland Securities decreased their price objective on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, November 1st. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Finally, Stephens started coverage on shares of Asure Software in a report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $13.92.

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.