Post Resch Tallon Group Inc. Sells 3,000 Shares of Asure Software Inc (NASDAQ:ASUR)

Post Resch Tallon Group Inc. reduced its holdings in Asure Software Inc (NASDAQ:ASUR) by 2.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 141,871 shares of the technology company’s stock after selling 3,000 shares during the period. Asure Software makes up about 1.4% of Post Resch Tallon Group Inc.’s investment portfolio, making the stock its 22nd biggest position. Post Resch Tallon Group Inc. owned approximately 0.53% of Asure Software worth $1,346,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Advisor Resource Council acquired a new stake in shares of Asure Software during the first quarter worth $1,864,000. GAMMA Investing LLC grew its position in Asure Software by 1,136.1% in the first quarter. GAMMA Investing LLC now owns 6,131 shares of the technology company’s stock valued at $642,000 after purchasing an additional 5,635 shares in the last quarter. Needham Investment Management LLC grew its position in Asure Software by 0.5% in the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company’s stock valued at $23,478,000 after purchasing an additional 12,500 shares in the last quarter. Deutsche Bank AG grew its position in Asure Software by 49.6% in the fourth quarter. Deutsche Bank AG now owns 18,625 shares of the technology company’s stock valued at $175,000 after purchasing an additional 6,175 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Asure Software by 13.6% in the fourth quarter. Bank of America Corp DE now owns 27,505 shares of the technology company’s stock valued at $259,000 after purchasing an additional 3,287 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Asure Software

In other Asure Software news, Director Ben F. Allen sold 10,000 shares of Asure Software stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $10.00, for a total value of $100,000.00. Following the completion of the sale, the director now owns 47,645 shares in the company, valued at $476,450. The trade was a 17.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is currently owned by corporate insiders.

Asure Software Stock Performance

Shares of ASUR opened at $9.30 on Monday. The firm has a 50-day moving average of $9.67 and a 200-day moving average of $10.17. Asure Software Inc has a one year low of $7.51 and a one year high of $12.74. The company has a market cap of $252.50 million, a PE ratio of -17.55, a price-to-earnings-growth ratio of 0.92 and a beta of 0.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 1.03.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). Asure Software had a negative net margin of 11.27% and a positive return on equity of 4.52%. As a group, equities analysts forecast that Asure Software Inc will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ASUR. Stephens reaffirmed an “overweight” rating and issued a $13.00 target price on shares of Asure Software in a research report on Friday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research report on Friday, May 2nd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a research report on Tuesday, May 27th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $15.00.

Asure Software 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.