Alyeska Investment Group L.P. Increases Holdings in Asure Software Inc (ASUR)

Alyeska Investment Group L.P. raised its stake in Asure Software Inc (NASDAQ:ASUR) by 548.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 450,000 shares of the technology company’s stock after buying an additional 380,570 shares during the quarter. Alyeska Investment Group L.P. owned about 3.62% of Asure Software worth $5,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Allianz Asset Management GmbH lifted its stake in Asure Software by 45.6% in the third quarter. Allianz Asset Management GmbH now owns 86,285 shares of the technology company’s stock valued at $1,072,000 after buying an additional 27,015 shares in the last quarter. Unterberg Capital LLC lifted its position in shares of Asure Software by 50.0% in the third quarter. Unterberg Capital LLC now owns 300,000 shares of the technology company’s stock worth $3,726,000 after purchasing an additional 100,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Asure Software by 93.3% in the third quarter. Dimensional Fund Advisors LP now owns 231,715 shares of the technology company’s stock worth $2,878,000 after purchasing an additional 111,819 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Asure Software in the third quarter worth $135,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Asure Software by 2.8% in the third quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock worth $5,956,000 after purchasing an additional 13,279 shares in the last quarter. 46.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Asure Software Inc (ASUR) opened at $14.43 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04. Asure Software Inc has a 1 year low of $8.30 and a 1 year high of $17.27. The stock has a market cap of $185.01, a price-to-earnings ratio of 57.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.17.

A number of analysts have recently commented on ASUR shares. Northland Securities set a $18.00 price objective on shares of Asure Software and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research lowered shares of Asure Software from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Cowen started coverage on shares of Asure Software in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $16.00 price objective on the stock. Scotiabank lowered shares of Asure Software from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 7th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $18.00 price objective on shares of Asure Software in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Asure Software has a consensus rating of “Buy” and an average price target of $16.57.

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Asure Software Profile

Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.

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

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