First Eagle Investment Management LLC Increases Stock Holdings in Asure Software, Inc. (NASDAQ:ASUR)

First Eagle Investment Management LLC increased its holdings in Asure Software, Inc. (NASDAQ:ASUR) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 387,620 shares of the technology company’s stock after acquiring an additional 9,156 shares during the quarter. First Eagle Investment Management LLC owned about 1.46% of Asure Software worth $3,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Asure Software by 0.5% in the third quarter. State Street Corp now owns 429,298 shares of the technology company’s stock worth $3,885,000 after acquiring an additional 1,961 shares during the period. Penbrook Management LLC lifted its position in Asure Software by 1.8% during the fourth quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock valued at $1,073,000 after buying an additional 2,000 shares during the period. PNC Financial Services Group Inc. lifted its position in Asure Software by 66.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock valued at $120,000 after buying an additional 5,096 shares during the period. FMR LLC lifted its position 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 buying an additional 5,199 shares during the period. Finally, Huntington National Bank purchased a new position in Asure Software during the third quarter valued at $64,000. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ASUR shares. 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 report on Wednesday, January 8th. Stephens reissued an “overweight” rating and set a $13.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research report on Friday, March 7th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research report on Friday, March 7th. Finally, Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Asure Software presently has an average rating of “Buy” and a consensus target price of $14.17.

Asure Software Price Performance

NASDAQ ASUR opened at $9.53 on Friday. Asure Software, Inc. has a one year low of $6.89 and a one year high of $12.74. The stock has a 50-day moving average of $11.29 and a 200 day moving average of $9.89. The company has a market capitalization of $257.11 million, a price-to-earnings ratio of -20.28, a PEG ratio of 1.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07.

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.