P.A.W. Capital Corp Decreases Stock Holdings in Asure Software, Inc. (NASDAQ:ASUR)

P.A.W. Capital Corp lowered its position in Asure Software, Inc. (NASDAQ:ASUR) by 14.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 360,000 shares of the technology company’s stock after selling 60,000 shares during the period. Asure Software comprises about 7.3% of P.A.W. Capital Corp’s investment portfolio, making the stock its 8th biggest position. P.A.W. Capital Corp’s holdings in Asure Software were worth $3,258,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in Asure Software by 150.3% in the first quarter. Janus Henderson Group PLC now owns 1,737,398 shares of the technology company’s stock valued at $13,517,000 after acquiring an additional 1,043,385 shares during the last quarter. Vanguard Group Inc. increased its stake in Asure Software by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock valued at $9,191,000 after acquiring an additional 71,495 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Asure Software by 7.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after acquiring an additional 55,123 shares during the last quarter. Swedbank AB increased its stake in Asure Software by 7.1% in the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock valued at $6,788,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in Asure Software by 465.1% in the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock valued at $4,763,000 after acquiring an additional 433,197 shares during the last quarter. Institutional investors own 71.58% of the company’s stock.

Asure Software Price Performance

ASUR stock opened at $8.51 on Friday. Asure Software, Inc. has a 1 year low of $6.30 and a 1 year high of $10.52. The company has a market cap of $225.17 million, a P/E ratio of -18.11, a PEG ratio of 0.97 and a beta of 0.52. The firm has a 50-day moving average of $8.98 and a 200 day moving average of $8.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $28.04 million for the quarter, compared to the consensus estimate of $28.56 million. Asure Software had a negative net margin of 10.54% and a positive return on equity of 3.77%. On average, sell-side analysts forecast that Asure Software, Inc. will post 0.49 EPS for the current year.

Analyst Ratings Changes

ASUR has been the subject of several analyst reports. Northland Securities cut their price target on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research report on Friday. Barrington Research restated an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Friday. Finally, Stephens initiated coverage on shares of Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price target for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Asure Software currently has a consensus rating of “Moderate Buy” and an average target price of $13.21.

Insider Activity at Asure Software

In related news, Director Daniel M. Gill sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total transaction of $43,450.00. Following the completion of the sale, the director now owns 28,165 shares of the company’s stock, valued at $244,753.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Eyal Goldstein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the transaction, the executive now directly owns 239,243 shares in the company, valued at approximately $2,019,210.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel M. Gill sold 5,000 shares of Asure Software stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total transaction of $43,450.00. Following the transaction, the director now owns 28,165 shares in the company, valued at approximately $244,753.85. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

Asure Software Company Profile

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.