StockNews.com launched coverage on the shares of Asure Software (NASDAQ:ASUR – Get an Evaluation) in a research report released Monday morning. The brokerage issued a hold rating on shares of the technology company.
Shares of ASUR opened at $5.71 on Monday. The company has a market capitalization of $114.40 million, a P/E ratio of 31.72 and a beta of 1.06. The company has a debt ratio of 0.21, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software has a 1 year minimum of $5.65 and a 1 year maximum of $9.94. The company has a fifty-day moving average of $6.70 and a two-hundred-day moving average of $7.78.
Asure Software (NASDAQ:ASUR – Get Rating) last reported quarterly earnings data on Monday, March 14. The technology company reported earnings per share of $0.02 for the quarter, beating Thomson Reuters consensus estimate of $0.04 ($0.04) by $0.06. Asure Software had a net margin of 4.20% and a negative return on equity of 0.32%. In the same quarter last year, the company posted ($0.04) earnings per share. On average, sell-side analysts expect Asure Software to post -0.1 EPS for the current year.
Institutional investors have recently been buying and selling shares of the company. BlackRock Inc. increased its position in Asure Software shares by 0.8% in the third quarter. BlackRock Inc. now owns 239,929 shares of the technology company worth $2,161,000 after buying 1,965 additional shares in the last quarter. ArrowMark Colorado Holdings LLC raised its position in Asure Software shares by 0.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 1,343,704 shares of the technology company worth $12,107,000 after buying 4,388 additional shares in the last quarter. Advisor Group Holdings Inc. increased its position in Asure Software shares by 6.4% in the third quarter. Advisor Group Holdings Inc. now owns 36,177 shares of the technology company worth $325,000 after buying 2,164 more shares in the last quarter. Russell Investments Group Ltd. bought a new stock position in Asure Software in Q4 for a value of approximately $1,210,000. Finally, DE Shaw & Co. Inc. increased its position in Asure Software shares by 29.2% in the 4th quarter. DE Shaw & Co. Inc. now owns 19,192 shares of the technology company worth $150,000 after buying 4,340 additional shares in the last quarter. Institutional investors hold 69.87% of the company’s shares.
Asure Software Company Profile (Get a rating)
Asure Software, Inc provides cloud-based human capital management solutions in the United States. It helps various small and medium enterprises to build productive teams to help them stay compliant and allocate resources to grow their business. The company’s solutions include Asure Payroll & Tax, an integrated cloud-based solution that automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and the Fair Labor Standards Act, as well as federal, state, and local payroll taxes; Asure (Human Resources) HR, a cloud-based feature that handles HR complexities, such as employee self-service that gives employees access to company information, payroll history, and documents business ; and Asure Time & Attendance which provides cost savings and ROI gains in the form of strategic use of labor dollars and elimination of time theft.
Get news and reviews for Asure Software Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Asure Software and related companies with MarketBeat.com’s free daily email newsletter.