Bank of New York Mellon Corp Invests $1.46 Million in Asure Software Inc $ASUR

Bank of New York Mellon Corp purchased a new position in shares of Asure Software Inc (NASDAQ:ASUR - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 184,254 shares of the technology company's stock, valued at approximately $1,463,000. Bank of New York Mellon Corp owned 0.64% of Asure Software at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Unified Investment Management increased its stake in Asure Software by 4.4% during 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 holdings in shares of Asure Software by 1.5% in the 4th quarter. Anchor Capital Advisors LLC now owns 120,674 shares of the technology company's stock worth $1,137,000 after acquiring an additional 1,815 shares during the last quarter. American Century Companies Inc. raised its position in shares of Asure Software by 3.9% during the second quarter. American Century Companies Inc. now owns 50,462 shares of the technology company's stock worth $493,000 after purchasing an additional 1,900 shares during the period. Deutsche Bank AG boosted its position 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 purchasing an additional 2,176 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Asure Software by 13.4% in the first quarter. PNC Financial Services Group Inc. now owns 20,492 shares of the technology company's stock worth $176,000 after acquiring an additional 2,425 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

Asure Software Stock Down 5.8%

NASDAQ ASUR opened at $8.34 on Thursday. The stock has a market capitalization of $240.86 million, a P/E ratio of -28.76, a price-to-earnings-growth ratio of 1.05 and a beta of 0.52. Asure Software Inc has a 52 week low of $6.80 and a 52 week high of $10.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a fifty day moving average of $8.44 and a 200-day moving average of $8.57.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Zacks Research downgraded shares of Asure Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Wall Street Zen upgraded Asure Software from a "hold" rating to a "buy" rating in a report on Monday. Stephens began coverage on Asure Software in a report on Friday, September 4th. They issued an "overweight" rating and a $11.00 price objective on the stock. TD Cowen upgraded shares of Asure Software to a "strong-buy" rating in a research note on Monday, May 18th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Asure Software currently has a consensus rating of "Moderate Buy" and an average price target of $13.00.

Insider Buying and Selling

In other Asure Software news, Director Bjorn Reynolds sold 15,420 shares of the stock in a transaction 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 sale, the director directly owned 31,162 shares in the company, valued at approximately $260,202.70. This trade represents a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.90% of the company's stock.

Asure Software 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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