JPMorgan Chase & Co. increased its holdings in Asure Software Inc (NASDAQ:ASUR) by 1,895.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,030 shares of the technology company’s stock after acquiring an additional 38,024 shares during the period. JPMorgan Chase & Co. owned about 0.27% of Asure Software worth $497,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ASUR. BlackRock Inc. grew its holdings in Asure Software by 549.7% during the second quarter. BlackRock Inc. now owns 687,258 shares of the technology company’s stock valued at $10,961,000 after purchasing an additional 581,475 shares during the period. Unterberg Capital LLC bought a new position in Asure Software during the third quarter valued at $4,223,000. PenderFund Capital Management Ltd. grew its holdings in Asure Software by 102.8% during the third quarter. PenderFund Capital Management Ltd. now owns 558,751 shares of the technology company’s stock valued at $7,798,000 after purchasing an additional 283,200 shares during the period. Castleark Management LLC bought a new position in Asure Software during the second quarter valued at $3,066,000. Finally, Renaissance Technologies LLC bought a new position in Asure Software during the second quarter valued at $2,247,000. 62.39% of the stock is owned by institutional investors.

Shares of ASUR stock opened at $5.63 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 1.09. Asure Software Inc has a 52-week low of $4.26 and a 52-week high of $19.78. The firm has a market capitalization of $83.99 million, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 0.29 and a beta of 1.02.

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Asure Software (NASDAQ:ASUR) last issued its quarterly earnings data on Friday, November 9th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Asure Software had a positive return on equity of 8.21% and a negative net margin of 13.56%. The business had revenue of $23.46 million during the quarter, compared to analysts’ expectations of $24.75 million. On average, analysts predict that Asure Software Inc will post 0.46 EPS for the current year.

Several brokerages have weighed in on ASUR. Zacks Investment Research raised Asure Software from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine lowered Asure Software from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Roth Capital dropped their target price on Asure Software from $23.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, January 8th. Canaccord Genuity dropped their target price on Asure Software from $22.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 12th. Finally, Lake Street Capital set a $15.00 target price on Asure Software and gave the stock a “buy” rating in a research report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Asure Software has an average rating of “Buy” and an average target price of $13.38.

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Asure Software Company Profile

Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company’s product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.

Further Reading: Calculate Your Return on Investment (ROI)

Institutional Ownership by Quarter for Asure Software (NASDAQ:ASUR)

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