The stock of Asure Software Inc (NASDAQ:ASUR) is a huge mover today! The stock increased 3.91% or $0.25 on October 3, hitting $6.65. About 74,036 shares traded hands or 111.53% up from the average. Asure Software Inc (NASDAQ:ASUR) has risen 22.71% since February 29, 2016 and is uptrending. It has outperformed by 10.49% the S&P500.
The move comes after 8 months positive chart setup for the $43.88M company. It was reported on Oct, 4 by Barchart.com. We have $15.96 PT which if reached, will make NASDAQ:ASUR worth $61.43M more.
Analysts await Asure Software Inc (NASDAQ:ASUR) to report earnings on November, 21. They expect $0.08 EPS, up 188.89% or $0.17 from last year’s $-0.09 per share. ASUR’s profit will be $527,880 for 20.78 P/E if the $0.08 EPS becomes a reality. After $0.15 actual EPS reported by Asure Software Inc for the previous quarter, Wall Street now forecasts -46.67% negative EPS growth.
Asure Software Inc (NASDAQ:ASUR) Ratings Coverage
Out of 2 analysts covering Asure Software (NASDAQ:ASUR), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Asure Software has been the topic of 3 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Northland Capital maintained the stock with “Outperform” rating in Tuesday, November 17 report. The firm earned “Hold” rating on Friday, August 14 by Zacks. The rating was maintained by Barrington Research on Tuesday, November 17 with “Outperform”.
According to Zacks Investment Research, “Asure Software Inc., formerly Forgent Networks, Inc., is a provider of Web-based workforce management solutions. It offers Web-based workforce management solutions that enable organizations to manage their office environment, as well as their human resource and payroll processes. The Company offers its workforce management solutions under two product lines: NetSimplicity and iEmployee. Asure’s suite includes products to optimize workforce time and attendance tracking, benefits enrollment and tracking, pay stubs and W2 documentation, expense management, meeting and event management, and asset tracking. The company delivers easy-to-use, easy-to-deploy software products that serve small and medium-sized organizations and divisions of Fortune and Global 1000 enterprises. It focuses on developing products that deliver enterprise-class productivity enhancements at an affordable price such that any size organization can enjoy the benefits of its solutions.”
Insitutional Activity: The institutional sentiment decreased to 0.8 in 2016 Q2. Its down 1.87, from 2.67 in 2016Q1. The ratio is negative, as 2 funds sold all Asure Software Inc shares owned while 3 reduced positions. 0 funds bought stakes while 4 increased positions. They now own 1.39 million shares or 2.21% less from 1.42 million shares in 2016Q1.
Morgan Stanley, a New York-based fund reported 16,014 shares. Blackrock Inv Mgmt Limited Com reported 751 shares or 0% of all its holdings. Vanguard Grp holds 0% of its portfolio in Asure Software Inc (NASDAQ:ASUR) for 82,997 shares. Perritt Capital Mngmt has 0.16% invested in the company for 126,883 shares. Blackrock Fund Advisors owns 1,476 shares or 0% of their US portfolio. Wellington Mngmt Group Llp last reported 0% of its portfolio in the stock. California Employees Retirement System, a California-based fund reported 33,555 shares. Bard Assoc Inc owns 131,593 shares or 0.33% of their US portfolio. Thompson Davis And Commerce holds 0% of its portfolio in Asure Software Inc (NASDAQ:ASUR) for 15 shares. Renaissance Techs Ltd Liability accumulated 0% or 255,476 shares. Moreover, Blackrock Institutional Trust Na has 0% invested in Asure Software Inc (NASDAQ:ASUR) for 50,851 shares. National Bank & Trust Of America Corporation De holds 0% of its portfolio in Asure Software Inc (NASDAQ:ASUR) for 155 shares. Jfs Wealth Limited Liability has 8 shares for 0% of their US portfolio. Fmr Ltd Liability Com reported 349,719 shares or 0% of all its holdings. Deutsche Commercial Bank Ag reported 165 shares or 0% of all its holdings.
Insider Transactions: Since May 19, 2016, the stock had 4 insider buys, and 0 insider sales for $376,056 net activity. Wolfe Charles Bradford had bought 5,000 shares worth $23,050. Another trade for 5,625 shares valued at $13,106 was bought by Waterfield John Randall. $264,500 worth of Asure Software Inc (NASDAQ:ASUR) shares were bought by Goepel Patrick.
More notable recent Asure Software Inc (NASDAQ:ASUR) news were published by: Gurufocus.com which released: “Patrick Goepel Buys Asure Software” on October 03, 2016, also Bizjournals.com with their article: “Asure Software buys Florida software company” published on March 22, 2016, Globenewswire.com published: “Asure Software to Host Leadership Summit” on September 23, 2016. More interesting news about Asure Software Inc (NASDAQ:ASUR) were released by: Finance.Yahoo.com and their article: “Asure Software Presents at Barrington Research Fall Investment Conference” published on September 08, 2016 as well as Globenewswire.com‘s news article titled: “Asure Software to Present at Future Offices West 2016” with publication date: September 19, 2016.
ASUR Company Profile
Asure Software, Inc., incorporated on May 30, 1989, is a global well-known provider of cloud software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Firm serves approximately 6,000 clients in over 80 countries. The Firm offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces. The Company’s SaaS offerings include asset management, mobile room scheduling, mobile time tracking, scheduling software, space utilization solutions, tablet time clocks, time and labor management software, time clocks, touch panels for room scheduling and workplace business intelligence (BI) analytics. The Firm offers approximately two product lines, including AsureSpace and AsureForce. The Company’s AsureSpace provides workplace management solutions that enable organizations to manage their office environments and manage real estate utilization. The Company’s AsureForce time and labor management solutions help organizations to manage labor and labor administration costs and activities.
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