Asure Software ASUR reported fourth-quarter 2019 adjusted loss of 10 cents per share, which was wider than the Zacks Consensus Estimate of a loss of 3 cents per share. The company had reported adjusted earnings of 15 cents per share in the year-ago quarter.Revenues of $17.6 million increased 1.4% year over year driven by an increase in recurring revenues.On Dec 2, 2019, that company had announced that it completed the sale of its work space management business to FM: Systems for $121.5 million.Quarterly DetailsRecurring revenues (95% of revenues) increased 4.4% year over year to $16.7 million. However, revenues from professional services, hardware and other (5% of revenues) fell 34.6% year over year to $876K.During the quarter, Human Capital Management (HCM) bookings surged 62% year over year.Asure Software Inc Price, Consensus and EPS Surprise Asure Software Inc price-consensus-eps-surprise-chart | Asure Software Inc Quote Moreover, interest on HCM client funds exceeded $400K, up from $80K in fourth-quarter 2018.Gross profit on a non-GAAP basis declined 14.9% year over year to $9.6 million. Gross margin contracted to 54.8% from 65.3% in the year-ago quarter.Balance SheetTotal cash and cash equivalents as of Dec 31, 2019, were $28.8 million compared with $12.6 million as of Sep 30, 2019. Notably, the company’s performance in the fourth quarter will be impacted by a large capital gain at the time of closing.GuidanceAsure Software’s current guidance is based only the performance of the HCM business.For 2020, the company expects revenues between $72 million and $74 million. Adjusted EBITDA is expected in the range of $11-12 million.Zacks Rank & Stocks to ConsiderAsure currently has a Zacks Rank #3 (Hold).Intel Corporation INTC, Applied Materials, Inc. AMAT and Garmin Ltd. GRMN are some better-ranked stocks in the broader computer and technology sector. All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term earnings growth rate for Intel, Applied Materials and Garmin is currently pegged at 7.5%, 9.9% and 7.4%, respectively.Zacks Top 10 Stocks for 2020In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.Access Zacks Top 10 Stocks for 2020 today >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC): Free Stock Analysis Report Applied Materials, Inc. (AMAT): Free Stock Analysis Report Garmin Ltd. (GRMN): Free Stock Analysis Report Asure Software Inc (ASUR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research