S Squared Technology LLC Sells 106,281 Shares of Asure Software Inc $ASUR

Key Points

• S Squared Technology LLC reduced its holdings in Asure Software Inc by 14.7%, selling 106,281 shares and now owns approximately 2.27% of the company, valued at $5,893,000.
• Insider transactions included Director William Carl Drew purchasing 25,000 shares and CEO Patrick Goepel acquiring 5,250 shares, indicating confidence in the company's stock.
• Several analysts recently adjusted their ratings, with Barrington Research setting a price target of $15.00 and Needham & Company lowering their target from $20.00 to $15.00, while the stock maintains an average rating of "Buy."

S Squared Technology LLC lowered its position in shares of Asure Software Inc (NASDAQ:ASUR - Free Report) by 14.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 617,118 shares of the technology company's stock after selling 106,281 shares during the quarter. Asure Software accounts for about 3.0% of S Squared Technology LLC's holdings, making the stock its 14th largest position. S Squared Technology LLC owned approximately 2.27% of Asure Software worth $5,893,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Deutsche Bank AG raised its holdings in shares of Asure Software by 49.6% during the fourth quarter. Deutsche Bank AG now owns 18,625 shares of the technology company's stock valued at $175,000 after acquiring an additional 6,175 shares during the period. Bank of America Corp DE raised its holdings in shares of Asure Software by 13.6% during the fourth quarter. Bank of America Corp DE now owns 27,505 shares of the technology company's stock valued at $259,000 after acquiring an additional 3,287 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Asure Software by 33.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,899 shares of the technology company's stock valued at $301,000 after acquiring an additional 7,939 shares during the period. American Century Companies Inc. raised its holdings in shares of Asure Software by 23.5% during the first quarter. American Century Companies Inc. now owns 48,562 shares of the technology company's stock valued at $464,000 after acquiring an additional 9,249 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Asure Software by 1,136.1% during the first quarter. GAMMA Investing LLC now owns 6,131 shares of the technology company's stock valued at $642,000 after acquiring an additional 5,635 shares during the period. Institutional investors and hedge funds own 71.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ASUR. Barrington Research set a $15.00 price target on shares of Asure Software and gave the company an "outperform" rating in a report on Monday, August 4th. Needham & Company LLC cut their price target on shares of Asure Software from $20.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $13.60.

Asure Software Stock Down 2.5%

Asure Software stock traded down $0.20 during trading hours on Friday, hitting $7.83. The company had a trading volume of 99,547 shares, compared to its average volume of 105,137. The firm has a market capitalization of $214.70 million, a P/E ratio of -13.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.39. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.27 and a quick ratio of 1.27. The firm's fifty day moving average is $9.02 and its 200-day moving average is $9.48. Asure Software Inc has a fifty-two week low of $7.51 and a fifty-two week high of $12.74.

Insider Activity at Asure Software

In other Asure Software news, Director William Carl Drew purchased 25,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were acquired at an average price of $8.30 per share, for a total transaction of $207,500.00. Following the acquisition, the director owned 103,165 shares of the company's stock, valued at $856,269.50. This trade represents a 31.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick Goepel purchased 5,250 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average price of $8.16 per share, for a total transaction of $42,840.00. Following the acquisition, the chief executive officer directly owned 1,307,622 shares in the company, valued at $10,670,195.52. This represents a 0.40% increase in their position. The disclosure for this purchase can be found here. 8.70% of the stock is currently owned by corporate insiders.

Asure Software Company Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.