Perritt Capital Management Inc. Has $1.92 Million Stake in Asure Software Inc (NASDAQ:ASUR)

Perritt Capital Management Inc. increased its stake in shares of Asure Software Inc (NASDAQ:ASUR) by 9.4% during the second quarter, HoldingsChannel reports. The fund owned 233,400 shares of the technology company’s stock after buying an additional 20,000 shares during the period. Perritt Capital Management Inc.’s holdings in Asure Software were worth $1,921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ASUR. S Squared Technology LLC boosted its stake in Asure Software by 21.2% in the 2nd quarter. S Squared Technology LLC now owns 94,108 shares of the technology company’s stock worth $775,000 after purchasing an additional 16,461 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in shares of Asure Software by 9.3% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 870,454 shares of the technology company’s stock valued at $7,164,000 after purchasing an additional 74,098 shares during the period. Skylands Capital LLC lifted its holdings in shares of Asure Software by 69.3% in the second quarter. Skylands Capital LLC now owns 378,550 shares of the technology company’s stock valued at $3,115,000 after purchasing an additional 154,946 shares in the last quarter. Weber Alan W bought a new stake in shares of Asure Software in the first quarter valued at about $367,000. Finally, Royce & Associates LP bought a new stake in shares of Asure Software in the first quarter valued at about $2,344,000. 45.39% of the stock is currently owned by institutional investors and hedge funds.

Asure Software stock traded up $0.13 during mid-day trading on Wednesday, reaching $6.48. The company’s stock had a trading volume of 16,484 shares, compared to its average volume of 180,915. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.04. Asure Software Inc has a 12 month low of $4.26 and a 12 month high of $14.45. The business’s 50 day simple moving average is $7.18 and its 200 day simple moving average is $7.13. The company has a market capitalization of $98.74 million, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.26.

Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Asure Software had a negative net margin of 9.77% and a positive return on equity of 6.81%. The firm had revenue of $24.84 million for the quarter, compared to analysts’ expectations of $24.64 million. As a group, sell-side analysts expect that Asure Software Inc will post 0.34 EPS for the current year.

ASUR has been the subject of a number of research reports. Zacks Investment Research downgraded Asure Software from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Canaccord Genuity set a $12.00 target price on Asure Software and gave the company a “buy” rating in a research report on Monday, August 12th. ValuEngine cut Asure Software from a “hold” rating to a “sell” rating in a research note on Saturday, August 10th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Asure Software in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Asure Software currently has a consensus rating of “Buy” and an average price target of $12.57.

Asure Software Company Profile

Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.

Further Reading: Coverage Ratio

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

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