DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of Asure Software Inc (NASDAQ:ASUR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,000 shares of the technology company’s stock, valued at approximately $161,000. DORCHESTER WEALTH MANAGEMENT Co owned about 0.13% of Asure Software at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Skylands Capital LLC boosted its stake in Asure Software by 11.4% in the second quarter. Skylands Capital LLC now owns 148,775 shares of the technology company’s stock worth $2,174,000 after buying an additional 15,199 shares during the period. Renaissance Technologies LLC boosted its stake in Asure Software by 3.4% in the first quarter. Renaissance Technologies LLC now owns 415,476 shares of the technology company’s stock worth $4,271,000 after buying an additional 13,600 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Asure Software during the first quarter worth approximately $519,000. Pacific Ridge Capital Partners LLC boosted its stake in Asure Software by 20.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 292,777 shares of the technology company’s stock worth $3,010,000 after buying an additional 48,867 shares during the period. Finally, Alambic Investment Management L.P. acquired a new stake in Asure Software during the first quarter worth approximately $122,000. Institutional investors own 28.87% of the company’s stock.
Shares of Asure Software Inc (NASDAQ:ASUR) traded up 0.81% on Friday, hitting $12.45. The stock had a trading volume of 176,221 shares. The stock has a 50 day moving average price of $13.50 and a 200-day moving average price of $12.48. The company’s market cap is $154.64 million. Asure Software Inc has a 12-month low of $4.67 and a 12-month high of $17.27.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The company had revenue of $12.88 million for the quarter, compared to analysts’ expectations of $12.23 million. Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%. On average, equities analysts expect that Asure Software Inc will post $0.52 earnings per share for the current year.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Asure Software from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Canaccord Genuity increased their price objective on Asure Software from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Lake Street Capital reissued a “buy” rating and issued a $16.00 price objective (up from $12.00) on shares of Asure Software in a report on Friday, May 12th. Wunderlich increased their price objective on Asure Software from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, May 12th. Finally, Northland Securities set a $18.00 price objective on Asure Software and gave the company a “buy” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Asure Software presently has a consensus rating of “Buy” and a consensus target price of $15.86.
About Asure Software
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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