Penbrook Management LLC Purchases 2,000 Shares of Asure Software, Inc. (NASDAQ:ASUR)

Penbrook Management LLC boosted its position in shares of Asure Software, Inc. (NASDAQ:ASUR) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 114,035 shares of the technology company’s stock after buying an additional 2,000 shares during the quarter. Penbrook Management LLC’s holdings in Asure Software were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 24,649 shares during the period. Whittier Trust Co. bought a new position in Asure Software in the 3rd quarter valued at about $4,140,000. Tallon Kerry Patrick bought a new stake in shares of Asure Software during the fourth quarter worth approximately $1,372,000. Barclays PLC grew its position in shares of Asure Software by 225.7% in the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after purchasing an additional 21,533 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of Asure Software by 465.1% during the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after purchasing an additional 433,197 shares during the period. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ASUR shares. Stifel Nicolaus lifted their target price on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Wednesday, January 15th. Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Finally, Stephens reiterated an “overweight” rating and set a $13.00 target price on shares of Asure Software in a research report on Wednesday, January 15th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $14.17.

Asure Software Price Performance

Shares of ASUR opened at $12.34 on Thursday. The firm has a 50 day simple moving average of $10.30 and a two-hundred day simple moving average of $9.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. Asure Software, Inc. has a one year low of $6.89 and a one year high of $12.74.

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.