S Squared Technology LLC bought a new position in Asure Software Inc (NASDAQ:ASUR – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 399,360 shares of the technology company’s stock, valued at approximately $3,170,918,000. Asure Software accounts for approximately 1.0% of S Squared Technology LLC’s holdings, making the stock its 25th largest position. S Squared Technology LLC owned 1.38% of Asure Software as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in ASUR. BNP Paribas Financial Markets grew its position in shares of Asure Software by 107.7% during the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,586 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Asure Software by 446.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock worth $65,000 after purchasing an additional 5,451 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Asure Software during the fourth quarter valued at approximately $66,000. Invesco Ltd. acquired a new position in shares of Asure Software during the second quarter worth approximately $112,000. Finally, Boston Partners bought a new position in Asure Software in the 4th quarter worth approximately $108,000. 71.58% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have weighed in on ASUR. TD Cowen raised Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Weiss Ratings upgraded shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Wall Street Zen upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research cut shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.
Asure Software Price Performance
ASUR opened at $8.70 on Tuesday. The firm has a market capitalization of $251.26 million, a P/E ratio of -30.00, a PEG ratio of 1.04 and a beta of 0.49. The stock has a fifty day moving average of $8.21 and a 200-day moving average of $8.49. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.31. Asure Software Inc has a 12-month low of $6.80 and a 12-month high of $10.20.
Insider Buying and Selling at Asure Software
In other news, Director Bjorn Reynolds sold 15,420 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total value of $128,757.00. Following the completion of the sale, the director directly owned 31,162 shares of the company’s stock, valued at $260,202.70. This represents a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.90% of the stock is owned by corporate insiders.
Asure Software Company Profile
Asure Software, Inc (NASDAQ: ASUR) is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.
The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.
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