PNC Financial Services Group Inc. Has $120,000 Stock Holdings in Asure Software, Inc. (NASDAQ:ASUR)

PNC Financial Services Group Inc. increased its stake in Asure Software, Inc. (NASDAQ:ASUR) by 66.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,728 shares of the technology company’s stock after buying an additional 5,096 shares during the period. PNC Financial Services Group Inc.’s holdings in Asure Software were worth $120,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ASUR. Needham Investment Management LLC boosted its position in Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after acquiring an additional 502,500 shares during the last quarter. Swedbank AB increased its holdings in Asure Software by 7.1% in the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after purchasing an additional 50,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in Asure Software by 4.4% in the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after buying an additional 24,649 shares during the period. ArrowMark Colorado Holdings LLC acquired a new stake in shares of Asure Software during the 3rd quarter worth approximately $5,191,000. Finally, State Street Corp grew its position in shares of Asure Software by 0.5% during the 3rd 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 period. 71.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ASUR. Barrington Research restated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a report on Friday, March 7th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Stifel Nicolaus raised their target price on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Stephens reaffirmed an “overweight” rating and set a $13.00 price target on shares of Asure Software in a research note on Friday, March 7th. Finally, Northland Securities raised their price objective on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Asure Software currently has a consensus rating of “Buy” and an average price target of $14.17.

Asure Software Price Performance

Shares of NASDAQ:ASUR opened at $9.89 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock has a market cap of $266.82 million, a PE ratio of -21.04, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The stock’s fifty day simple moving average is $11.16 and its two-hundred day simple moving average is $9.96. Asure Software, Inc. has a 1-year low of $6.89 and a 1-year high of $12.74.

Insiders Place Their Bets

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.51, for a total value of $71,325.00. Following the completion of the transaction, the director now owns 32,215 shares in the company, valued at $306,364.65. This represents a 18.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.90% of the stock is currently owned by insiders.

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.