Bessemer Group Has Trimmed Its First Source (SRCE) Holding; Asure Software Has 1.39 Sentiment

May 23, 2018 - By Peter Erickson

Asure Software, Inc. (NASDAQ:ASUR) Logo

Asure Software Inc (ASUR) investors sentiment decreased to 1.39 in Q4 2017. It’s down -0.61, from 2 in 2017Q3. The ratio has dropped, as 25 investment professionals increased and started new stock positions, while 18 sold and decreased their positions in Asure Software Inc. The investment professionals in our database now possess: 5.45 million shares, up from 4.90 million shares in 2017Q3. Also, the number of investment professionals holding Asure Software Inc in top ten stock positions increased from 1 to 2 for an increase of 1. Sold All: 4 Reduced: 14 Increased: 11 New Position: 14.

Bessemer Group Inc decreased First Source Corp (SRCE) stake by 23.28% reported in 2017Q4 SEC filing. Bessemer Group Inc sold 6,741 shares as First Source Corp (SRCE)’s stock declined 0.70%. The Bessemer Group Inc holds 22,210 shares with $1.10 million value, down from 28,951 last quarter. First Source Corp now has $1.40 billion valuation. The stock increased 0.13% or $0.07 during the last trading session, reaching $53.81. About 41,147 shares traded. 1st Source Corporation (NASDAQ:SRCE) has risen 10.80% since May 23, 2017 and is uptrending. It has underperformed by 0.75% the S&P500.

More important recent Asure Software, Inc. (NASDAQ:ASUR) news were published by: Globenewswire.com which released: “Asure Software Announces Timing of First Quarter 2018 Financial Results” on May 03, 2018, also Seekingalpha.com published article titled: “Asure Software’s (ASUR) CEO Pat Goepel on Q1 2018 Results – Earnings Call Transcript”, Globenewswire.com published: “Asure Software CEO to Present at Cowen’s 45th Annual TMT Conference” on May 14, 2018. More interesting news about Asure Software, Inc. (NASDAQ:ASUR) was released by: Nasdaq.com and their article: “Asure Software Announces Strong First Quarter 2018 Results; Raises Revenue Guidance for Full Year” with publication date: May 09, 2018.

Asure Software, Inc. provides cloud software-as-a-service time and labor management, and workspace management solutions worldwide. The company has market cap of $208.93 million. The firm offers a suite of solutions to help clients optimize and manage their mobile workforces and their global workspaces. It currently has negative earnings. 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, traditional time clocks, touch panels for room scheduling, and workplace business intelligence analytics.

Analysts await Asure Software, Inc. (NASDAQ:ASUR) to report earnings on August, 13. They expect $0.18 EPS, up 260.00% or $0.13 from last year’s $0.05 per share. ASUR’s profit will be $2.27M for 23.06 P/E if the $0.18 EPS becomes a reality. After $0.11 actual EPS reported by Asure Software, Inc. for the previous quarter, Wall Street now forecasts 63.64% EPS growth.

Venator Capital Management Ltd. holds 4.51% of its portfolio in Asure Software, Inc. for 373,949 shares. Pacific Ridge Capital Partners Llc owns 477,097 shares or 1.78% of their US portfolio. Moreover, Awm Investment Company Inc. has 0.85% invested in the company for 311,413 shares. The Illinois-based Bard Associates Inc has invested 0.83% in the stock. Northpointe Capital Llc, a Michigan-based fund reported 425,710 shares.

The stock decreased 0.78% or $0.13 during the last trading session, reaching $16.6. About 204,840 shares traded or 9.93% up from the average. Asure Software, Inc. (ASUR) has risen 25.51% since May 23, 2017 and is uptrending. It has outperformed by 13.96% the S&P500.

Ratings analysis reveals 100% of Asure Software’s analysts are positive. Out of 3 Wall Street analysts rating Asure Software, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $10.0 while the high is $12.0. The stock’s average target of $10.67 is -35.72% below today’s ($16.6) share price. ASUR was included in 3 notes of analysts from October 17, 2016. The firm has “Outperform” rating by Barrington Research given on Tuesday, November 1. Wunderlich initiated the shares of ASUR in report on Friday, October 28 with “Buy” rating. Lake Street initiated it with “Buy” rating and $10.0 target in Monday, October 17 report.

Another recent and important 1st Source Corporation (NASDAQ:SRCE) news was published by Globenewswire.com which published an article titled: “Investor Expectations to Drive Momentum within Balchem, Beacon Roofing Supply, Rice Midstream Partners LP, LTC …” on May 03, 2018.

Investors sentiment decreased to 0.8 in 2017 Q4. Its down 0.33, from 1.13 in 2017Q3. It dropped, as 7 investors sold SRCE shares while 43 reduced holdings. 14 funds opened positions while 26 raised stakes. 17.97 million shares or 1.03% less from 18.16 million shares in 2017Q3 were reported. Hotchkis And Wiley Capital Management Ltd Llc accumulated 0% or 16,536 shares. Kennedy Cap Management owns 148,945 shares. 34,615 were reported by California Pub Employees Retirement System. 147,956 are owned by Aqr Management Lc. Emerald Mutual Fund Advisers Tru has invested 0.2% in 1st Source Corporation (NASDAQ:SRCE). Indiana & Inv Mngmt Company has 56,832 shares for 1.3% of their portfolio. Bartlett Company stated it has 0.01% in 1st Source Corporation (NASDAQ:SRCE). Ny State Common Retirement Fund stated it has 23,411 shares. Wellington Management Gp Ltd Liability Partnership, a Massachusetts-based fund reported 1.03M shares. Pnc Fincl Services Gru has 5,700 shares. Fny Managed Accounts Limited Co reported 45 shares stake. California State Teachers Retirement Systems owns 25,407 shares or 0% of their US portfolio. 10,018 were reported by Guggenheim Cap Llc. 1St Source National Bank & Trust invested in 7.24 million shares or 29.46% of the stock. Renaissance Technologies Ltd Company reported 119,140 shares.

Since March 9, 2018, it had 1 insider buy, and 1 insider sale for $441,072 activity. Egidi Allison N also sold $443,750 worth of 1st Source Corporation (NASDAQ:SRCE) shares. Birmingham-Byrd Melody bought $2,678 worth of stock.

Bessemer Group Inc increased Facebook Inc (NASDAQ:FB) stake by 4,789 shares to 53,916 valued at $9.52 million in 2017Q4. It also upped Alerian Mlp Etf (AMLP) stake by 100,000 shares and now owns 728,977 shares. Ishares Core Msci Em Mkts (IEMG) was raised too.

Analysts await 1st Source Corporation (NASDAQ:SRCE) to report earnings on July, 19. They expect $0.86 EPS, up 34.38% or $0.22 from last year’s $0.64 per share. SRCE’s profit will be $22.33M for 15.64 P/E if the $0.86 EPS becomes a reality. After $0.73 actual EPS reported by 1st Source Corporation for the previous quarter, Wall Street now forecasts 17.81% EPS growth.

Among 3 analysts covering 1st Source (NASDAQ:SRCE), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. 1st Source had 11 analyst reports since July 21, 2016 according to SRatingsIntel. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The rating was initiated by DA Davidson on Thursday, July 21 with “Neutral”. The stock has “Buy” rating by Piper Jaffray on Friday, October 6. Piper Jaffray initiated the shares of SRCE in report on Thursday, January 12 with “Overweight” rating. On Friday, October 20 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The rating was maintained by Piper Jaffray with “Buy” on Monday, October 23. The stock of 1st Source Corporation (NASDAQ:SRCE) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. The rating was maintained by Keefe Bruyette & Woods on Thursday, June 1 with “Hold”. The rating was maintained by Piper Jaffray on Thursday, July 20 with “Buy”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, July 21.

1st Source Corporation (NASDAQ:SRCE) Institutional Positions Chart

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