Asure Software Inc (ASUR) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Asure Software Inc (NASDAQ:ASUR) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning.

According to Zacks, “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. “

Several other analysts have also weighed in on the company. Canaccord Genuity reissued a buy rating and set a $18.00 price objective on shares of Asure Software in a report on Tuesday. Northland Securities reissued a buy rating and set a $18.00 price objective on shares of Asure Software in a report on Thursday, September 21st. Scotiabank lowered Asure Software from an outperform rating to a sector perform rating in a report on Thursday, September 7th. Finally, Cowen and Company began coverage on Asure Software in a report on Wednesday, September 6th. They set an outperform rating and a $16.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $15.86.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). Asure Software had a positive return on equity of 6.93% and a negative net margin of 5.73%. The firm had revenue of $12.88 million for the quarter, compared to analyst estimates of $12.23 million.

ILLEGAL ACTIVITY WARNING: “Asure Software Inc (ASUR) Upgraded by Zacks Investment Research to Hold” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/18/asure-software-inc-asur-upgraded-by-zacks-investment-research-to-hold.html.

Institutional investors and hedge funds have recently modified their holdings of the business. Timpani Capital Management LLC raised its position in Asure Software by 143.3% in the 2nd quarter. Timpani Capital Management LLC now owns 142,622 shares of the technology company’s stock valued at $2,084,000 after purchasing an additional 84,009 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in Asure Software by 29.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 377,917 shares of the technology company’s stock valued at $5,521,000 after purchasing an additional 85,140 shares during the last quarter. Unterberg Capital LLC bought a new position in Asure Software in the 2nd quarter valued at $2,922,000. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Asure Software in the 2nd quarter valued at $161,000. Finally, Prudential PLC bought a new position in Asure Software in the 2nd quarter valued

According to Zacks, “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. “

Several other analysts have also weighed in on the company. Canaccord Genuity reissued a buy rating and set a $18.00 price objective on shares of Asure Software in a report on Tuesday. Northland Securities reissued a buy rating and set a $18.00 price objective on shares of Asure Software in a report on Thursday, September 21st. Scotiabank lowered Asure Software from an outperform rating to a sector perform rating in a report on Thursday, September 7th. Finally, Cowen and Company began coverage on Asure Software in a report on Wednesday, September 6th. They set an outperform rating and a $16.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $15.86.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.06). Asure Software had a positive return on equity of 6.93% and a negative net margin of 5.73%. The firm had revenue of $12.88 million for the quarter, compared to analyst estimates of $12.23 million.

ILLEGAL ACTIVITY WARNING: “Asure Software Inc (ASUR) Upgraded by Zacks Investment Research to Hold” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://ledgergazette.com/2017/10/18/asure-software-inc-asur-upgraded-by-zacks-investment-research-to-hold.html.

Institutional investors and hedge funds have recently modified their holdings of the business. Timpani Capital Management LLC raised its position in Asure Software by 143.3% in the 2nd quarter. Timpani Capital Management LLC now owns 142,622 shares of the technology company’s stock valued at $2,084,000 after purchasing an additional 84,009 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in Asure Software by 29.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 377,917 shares of the technology company’s stock valued at $5,521,000 after purchasing an additional 85,140 shares during the last quarter. Unterberg Capital LLC bought a new position in Asure Software in the 2nd quarter valued at $2,922,000. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Asure Software in the 2nd quarter valued at $161,000. Finally, Prudential PLC bought a new position in Asure Software in the 2nd quarter valued at $3,287,000. Hedge funds and other institutional investors own 39.67% of the company’s stock.

About Asure Software

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.

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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