S Squared Technology LLC acquired a new stake in Asure Software Inc (NASDAQ:ASUR - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 399,360 shares of the technology company's stock, valued at approximately $3,170,918. Asure Software makes up approximately 0.0% of S Squared Technology LLC's portfolio, making the stock its 25th biggest position. S Squared Technology LLC owned 1.38% of Asure Software at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of ASUR. Unified Investment Management increased its holdings in Asure Software by 4.4% in the 1st quarter. Unified Investment Management now owns 38,550 shares of the technology company's stock valued at $332,000 after buying an additional 1,625 shares during the period. Anchor Capital Advisors LLC grew its position in shares of Asure Software by 1.5% during the 4th quarter. Anchor Capital Advisors LLC now owns 120,674 shares of the technology company's stock worth $1,137,000 after buying an additional 1,815 shares during the period. American Century Companies Inc. boosted its holdings in shares of Asure Software by 3.9% in the 2nd quarter. American Century Companies Inc. now owns 50,462 shares of the technology company's stock worth $493,000 after buying an additional 1,900 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Asure Software by 13.8% in the 4th quarter. Deutsche Bank AG now owns 17,905 shares of the technology company's stock valued at $169,000 after acquiring an additional 2,176 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Asure Software by 13.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,492 shares of the technology company's stock valued at $176,000 after buying an additional 2,425 shares during the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently issued reports on ASUR. Zacks Research downgraded Asure Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. Wall Street Zen raised Asure Software from a "hold" rating to a "buy" rating in a report on Saturday, August 22nd. 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. Finally, TD Cowen upgraded Asure Software to a "strong-buy" rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $15.00.
Get Our Latest Analysis on Asure Software
Insider Buying and Selling at Asure Software
In related news, Director Bjorn Reynolds sold 15,420 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total value of $128,757.00. Following the transaction, the director owned 31,162 shares in the company, valued at $260,202.70. The trade was a 33.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 8.90% of the company's stock.
Asure Software Stock Up 0.9%
NASDAQ ASUR traded up $0.08 during trading hours on Friday, reaching $9.05. 95,892 shares of the company's stock traded hands, compared to its average volume of 107,086. The firm has a 50-day simple moving average of $8.24 and a 200 day simple moving average of $8.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.06 and a quick ratio of 1.05. Asure Software Inc has a 52-week low of $6.80 and a 52-week high of $10.20. The firm has a market cap of $261.36 million, a PE ratio of -31.21, a PEG ratio of 1.05 and a beta of 0.49.
Asure Software Profile
(
Free Report)
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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