Asure Software, Inc. (NASDAQ:ASUR) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. cut its stake in Asure Software, Inc. (NASDAQ:ASUR) by 20.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,000 shares of the technology company’s stock after selling 2,000 shares during the period. Oakworth Capital Inc.’s holdings in Asure Software were worth $75,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Needham Investment Management LLC grew its position in shares of Asure Software by 25.4% in the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after acquiring an additional 502,500 shares in the last quarter. Swedbank AB lifted its stake in Asure Software by 7.1% during the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after purchasing an additional 50,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Asure Software by 4.4% in the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock worth $5,251,000 after purchasing an additional 24,649 shares during the period. ArrowMark Colorado Holdings LLC bought a new stake in Asure Software during the third quarter valued at $5,191,000. Finally, Rice Hall James & Associates LLC raised its holdings 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.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ASUR shares. Stifel Nicolaus lifted their price target on shares of Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Northland Securities lifted their target price on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Asure Software in a report on Wednesday, January 15th. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Stephens restated an “overweight” rating and set a $13.00 price objective on shares of Asure Software in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $14.17.

Asure Software Price Performance

Shares of ASUR stock opened at $11.62 on Friday. Asure Software, Inc. has a 12-month low of $6.89 and a 12-month high of $12.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day simple moving average of $10.55 and a 200 day simple moving average of $9.56.

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.