Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Asure Software Inc (NASDAQ:ASUR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 239,980 shares of the technology company's stock, valued at approximately $1,905,000. Diamond Hill Capital Management LLC Investment Advisor owned about 0.83% of Asure Software as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new position in shares of Asure Software in the 2nd quarter worth $1,463,000. State of Wyoming acquired a new position in shares of Asure Software in the 2nd quarter valued at $175,000. Bank of America Corp DE boosted its position in shares of Asure Software by 106.0% in the 1st quarter. Bank of America Corp DE now owns 49,484 shares of the technology company's stock valued at $426,000 after purchasing an additional 25,468 shares during the period. Janus Henderson Group PLC increased its stake in Asure Software by 10.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company's stock worth $15,218,000 after purchasing an additional 161,074 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in Asure Software by 179.4% in the 1st quarter. Quantinno Capital Management LP now owns 114,403 shares of the technology company's stock worth $984,000 after purchasing an additional 73,451 shares in the last quarter. 71.58% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have commented on ASUR. Zacks Research lowered shares of Asure Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Barrington Research restated an "outperform" rating and issued a $15.00 price target on shares of Asure Software in a research report on Friday, April 24th. Wall Street Zen lowered shares of Asure Software from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Asure Software from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, July 2nd. Finally, TD Cowen raised shares of Asure Software to a "strong-buy" rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.
Read Our Latest Stock Analysis on ASUR
Insider Activity
In other news, Director Bjorn Reynolds sold 15,420 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total transaction of $128,757.00. Following the transaction, the director directly owned 31,162 shares in the company, valued at $260,202.70. The trade was a 33.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.90% of the stock is owned by company insiders.
Asure Software Price Performance
NASDAQ ASUR opened at $8.30 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market capitalization of $239.70 million, a price-to-earnings ratio of -28.62, a price-to-earnings-growth ratio of 1.01 and a beta of 0.49. The company has a 50 day simple moving average of $8.23 and a 200-day simple moving average of $8.53. Asure Software Inc has a 52-week low of $6.80 and a 52-week high of $10.20.
About Asure Software
(
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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