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 cut its stake in Asure Software Inc (NASDAQ:ASUR - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 portfolio, making the stock its 14th biggest position. S Squared Technology LLC owned approximately 2.27% of Asure Software worth $5,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Deutsche Bank AG raised its stake in shares of Asure Software by 49.6% in the fourth quarter. Deutsche Bank AG now owns 18,625 shares of the technology company's stock worth $175,000 after purchasing an additional 6,175 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Asure Software by 13.6% in 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Asure Software by 33.1% in 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 in the last quarter. American Century Companies Inc. grew its holdings in shares of Asure Software by 23.5% in 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 in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Asure Software by 1,136.1% in 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 in the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Asure Software

In other news, Director William Carl Drew acquired 25,000 shares of Asure Software stock in a transaction on Tuesday, August 5th. The stock was acquired at an average cost of $8.30 per share, with a total value of $207,500.00. Following the completion of the acquisition, the director owned 103,165 shares in the company, valued at approximately $856,269.50. This trade represents a 31.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Patrick Goepel acquired 5,250 shares of Asure Software stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $8.16 per share, with a total value of $42,840.00. Following the completion of the acquisition, the chief executive officer owned 1,307,622 shares of the company's stock, valued at $10,670,195.52. This trade 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.

Wall Street Analyst Weigh In

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

Asure Software Stock Performance

NASDAQ ASUR traded up $0.06 on Thursday, hitting $8.03. 59,152 shares of the stock traded hands, compared to its average volume of 105,719. The business's fifty day moving average is $9.10 and its two-hundred day moving average is $9.53. Asure Software Inc has a 12 month low of $7.51 and a 12 month high of $12.74. The firm has a market capitalization of $220.18 million, a price-to-earnings ratio of -13.84, a PEG ratio of 0.98 and a beta of 0.39. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.27 and a current ratio of 1.27.

About Asure Software

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.