Asure Software (ASUR) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Asure Software (NASDAQ:ASUR) issued its quarterly earnings data on Friday. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02), Morningstar.com reports. The firm had revenue of $23.46 million for the quarter, compared to analysts’ expectations of $24.75 million. Asure Software had a negative net margin of 11.85% and a positive return on equity of 9.05%. Asure Software updated its FY 2018 guidance to EPS and its FY 2019 guidance to EPS.

NASDAQ:ASUR traded down $3.29 during mid-day trading on Friday, hitting $7.75. 1,471,059 shares of the stock traded hands, compared to its average volume of 229,296. The stock has a market cap of $172.32 million, a P/E ratio of 17.22, a P/E/G ratio of 0.74 and a beta of 1.10. Asure Software has a 12-month low of $7.50 and a 12-month high of $19.78. The company has a current ratio of 1.54, a quick ratio of 1.52 and a debt-to-equity ratio of 1.06.

Several equities analysts recently commented on the stock. Barrington Research set a $25.00 price objective on shares of Asure Software and gave the company a “buy” rating in a research note on Thursday, August 9th. Lake Street Capital set a $15.00 price objective on shares of Asure Software and gave the company a “buy” rating in a research note on Friday. ValuEngine cut shares of Asure Software from a “sell” rating to a “strong sell” rating in a research note on Saturday. Dougherty & Co assumed coverage on shares of Asure Software in a research note on Tuesday, August 28th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Zacks Investment Research raised shares of Asure Software from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Asure Software has a consensus rating of “Buy” and a consensus price target of $19.71.

A number of institutional investors have recently made changes to their positions in the business. Mesirow Financial Investment Management Inc. lifted its position in Asure Software by 23.9% during the third quarter. Mesirow Financial Investment Management Inc. now owns 30,908 shares of the technology company’s stock valued at $384,000 after purchasing an additional 5,965 shares during the last quarter. Northern Trust Corp lifted its position in Asure Software by 32.9% during the first quarter. Northern Trust Corp now owns 33,009 shares of the technology company’s stock valued at $404,000 after purchasing an additional 8,166 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Asure Software by 31.4% during the third quarter. Bank of New York Mellon Corp now owns 34,436 shares of the technology company’s stock valued at $428,000 after purchasing an additional 8,222 shares during the last quarter. Gradient Investments LLC lifted its position in Asure Software by 25.7% during the second quarter. Gradient Investments LLC now owns 54,939 shares of the technology company’s stock valued at $876,000 after purchasing an additional 11,248 shares during the last quarter. Finally, FMR LLC lifted its position in Asure Software by 12.8% during the second quarter. FMR LLC now owns 101,290 shares of the technology company’s stock valued at $1,616,000 after purchasing an additional 11,500 shares during the last quarter. Institutional investors and hedge funds own 62.29% of the company’s stock.

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About Asure Software

Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.

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Earnings History for Asure Software (NASDAQ:ASUR)

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