We recently published a list 10 best performing software -shares to buy according to analysts. In this article we will look at where Asure Software, Inc. (Nasdaq: Asur) stands at other best performing software shares to buy according to analysts.
The global software market has been an enormous growth in recent decades, which popping up as an important engine for productivity, economic expansion and technological progress. In the broadest sense, software includes a diverse range of programs and applications that feed power computers and other digital devices, allowing them to perform specialized tasks. These vary from basic control systems to advanced Enterprise solutions and even advanced Quantum Computing technologies.
The rapid expansion of the software industry is driven by the increasing digital transformation, the widespread acceptance of mobile technology and continuous innovations in areas such as artificial intelligence (AI). In addition, with cyber threats and data breaches becoming more frequent and more advanced, companies put more emphasis on data security and privacy. This has fueled the increasing demand for cyber security solutions, including coding technologies, compliance tools and advanced security applications, because the software sector continues to evolve to tackle these critical problems.
According to a report from August 2024 of Preceltence Research, the global software market in 2024 was appreciated at around $ 737 billion. Their projections suggest that it will rise to $ 2.25 trillion by 2034, as a result of a compound annual growth rate (CAGR) of 11.8%. The American software market, one of the largest worldwide, is expected to reach $ 676 billion in 2034 and will grow with a CAGR of 12% between 2024 and 2034.
To put the current software market in perspective, Michael Wilson, Cio & Chief US Equity Strategist shared his insights into a CNBC interview of 11 February, in which the outlook on the almost until medium term are discussed. Although he expects volatility on the market for the next 3-6 months, he emphasized that software shares recently surpassed more than semiconductors. He attributes this shift to the growing diffusion of AI and the expansion of the application layer, which caused more investor’s interest in software. Although the semiconductor sector has experienced a temporary delay, Wilson emphasizes that it remains a cyclical industry instead of one in permanent decline. He also noted that claims such as the Deepseek AI model announcement can renew the excitement in AI and can shift the focus back to software infrastructure.
Now that AI and Machine Learning become an integral part of various industries, the software market offers a mandatory investment option. Companies that demonstrate strong innovation in AI applications and have the potential to disturb traditional industries are particularly well positioned for long-term success.
To determine the 10 best performing software shares to buy according to analysts, we started screening all American software companies with market capitalization above $ 300 million and a share price of more than $ 10, which eliminates smaller and more volatile shares. We then identified companies with year-to-date (YTD) return of at least 20%, so that the selection was further refined with only shares with a potential benefit of 10% or more. Finally, we have arranged the top 10 shares based on YTD returns, where we place the highest performing at the top. Moreover, we have also included data on hedge funds in these companies from Q4 2024 to further insight into investors’ interests.
Note: All price data is from the market on 25 February.
Why are we interested in the shares that stack hedge funds? The reason is simple: our research has shown that we can surpass the market by imitating the best share choices of the best hedge funds. The strategy of our quarterly newsletter selects 14 CAP and Large-CAP shares every quarter and has returned 373.4% since May 2014 and has reported its benchmark with 218 percentage points (See more details here).
Is asure Software Inc. (ASUR) The best performing software shares to buy according to analysts?
An employee who uses a self-service platform and uses the time and attendance function.
Ytd -return: 22%
Potential advantage: 13%
Number of holders of hedge funds: 8
Asure Software, Inc. (Nasdaq: ASUR) is a supplier of cloud -based solutions for Human Capital Management (HCM) that are designed to help companies manage payroll administration, time follow -up, benefits administration and personnel management. The company’s software platform is mainly aimed at serving small and medium-sized companies (SMEs), so that they offer cost-effective HR solutions that improve efficiency and compliance.
Asure Software, Inc. (Nasdaq: Asur) experienced a matte performance in 2024, with the stock falling by 1.2%. However, in 2025 the share returned strongly, which yielded a year to return of 22%. This increase is largely driven by increasing the optimism of analysts.
On January 6, analysts from Barrington Asure software (Nasdaq: ASUR) include their top stocks for 2025. The next day, Lake Street analyst Eric Martinuzzi has upgraded the shares of Hold to Buy, which increased his price target from $ 9 to $ 13. His revised appreciation was influenced by reports that Paychex (Nasdaq: Payx) could acquire Paycor HCM (Nasdaq: PYCR), a development that strengthened his bullish outlook on Asure software. Moreover, the analyst noted that the resilience of the American labor market could mean that the Guidelines of the company 2025 are too conservative, which further reinforces the trust of investors.
Generally Asur is in 9th place On our list of best performing software shares to buy according to analysts. Although we acknowledge the potential of Asur to grow, our conviction is the belief that AI shares have a greater promise for supplying higher efficiency and this within a shorter period of time. If you are looking for an AI share that is promising than Asur, but it acts with less than 5 times its income, view our report on the Cheapest AI stock.
Read next: 20 best AI shares to buy now And Full list of 59 AI companies of less than $ 2 billion in market capitalization
Publication: none. This article was originally published on Insider monkey.
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