73,656 Shares in Asure Software Inc $ASUR Purchased by Inspire Investing LLC

Key Points

• Inspire Investing LLC has acquired a new stake in Asure Software Inc, purchasing 73,656 shares valued at approximately $703,000, representing about 0.27% ownership of the company.
• The stock has received a consensus rating of "Buy" from analysts, with a target price of $13.60, despite some analysts adjusting their price targets down to $15.00.
• Asure Software's stock recently opened at $7.83, down 2.5%, with a market cap of $214.74 million and notable insider purchases made by both the Director and CEO.

Inspire Investing LLC purchased a new stake in Asure Software Inc (NASDAQ:ASUR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 73,656 shares of the technology company's stock, valued at approximately $703,000. Inspire Investing LLC owned 0.27% of Asure Software as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deutsche Bank AG raised its position 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 valued at $175,000 after purchasing an additional 6,175 shares during the period. Jane Street Group LLC purchased a new stake in shares of Asure Software in the first quarter worth $240,000. Bank of America Corp DE raised its position 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 worth $259,000 after buying an additional 3,287 shares in the last quarter. American Century Companies Inc. raised its position 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 worth $464,000 after buying an additional 9,249 shares in the last quarter. Finally, GAMMA Investing LLC raised its position 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 worth $642,000 after buying an additional 5,635 shares in the last quarter. Institutional investors own 71.58% of the company's stock.

Asure Software Trading Up 2.1%

NASDAQ:ASUR traded up $0.17 during midday trading on Thursday, reaching $8.01. 16,211 shares of the stock traded hands, compared to its average volume of 92,444. The company has a fifty day moving average of $8.86 and a 200 day moving average of $9.45. Asure Software Inc has a 12 month low of $7.51 and a 12 month high of $12.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $219.58 million, a P/E ratio of -13.81, a PEG ratio of 0.99 and a beta of 0.39.

Insiders Place Their Bets

In other news, CEO Patrick Goepel purchased 5,250 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average cost 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 of the company's stock, valued at $10,670,195.52. This represents a 0.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William Carl Drew acquired 25,000 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was bought at an average price of $8.30 per share, with a total value of $207,500.00. Following the completion of the acquisition, the director directly owned 103,165 shares in the company, valued at approximately $856,269.50. This represents a 31.98% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barrington Research set a $15.00 price objective on Asure Software and gave the stock an "outperform" rating in a research 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 for the company in a research note on Friday, August 1st. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Asure Software has an average rating of "Buy" and an average target price of $13.60.

Asure Software 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.