Nuveen LLC Takes $709,000 Position in Asure Software Inc $ASUR

Key Points

• Nuveen LLC made a new investment in Asure Software Inc, acquiring 74,233 shares valued at approximately $709,000, representing 0.27% of the company’s stock.
• Institutional investors now own 71.58% of Asure Software, with various firms significantly increasing their stakes during recent quarters.
• Asure Software has received mixed ratings from analysts, with a current average target price of $13.60 despite some recent price reductions.

Nuveen LLC purchased a new position in Asure Software Inc (NASDAQ:ASUR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 74,233 shares of the technology company's stock, valued at approximately $709,000. Nuveen LLC owned 0.27% of Asure Software at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Wells Fargo & Company MN increased its position in Asure Software by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock valued at $143,000 after acquiring an additional 3,480 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Asure Software by 49.6% in the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company's stock valued at $175,000 after buying an additional 6,175 shares during the period. Envestnet Asset Management Inc. purchased a new stake in Asure Software during the 4th quarter worth approximately $239,000. Bank of America Corp DE grew 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 valued at $259,000 after purchasing an additional 3,287 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in 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 worth $301,000 after acquiring an additional 7,939 shares during the period. 71.58% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director William Carl Drew purchased 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was acquired at an average cost of $8.30 per share, for a total transaction of $207,500.00. Following the completion of the purchase, the director owned 103,165 shares of the company's stock, valued at approximately $856,269.50. This trade represents a 31.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick Goepel acquired 5,250 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were bought at an average cost of $8.16 per share, for a total transaction of $42,840.00. Following the completion of the acquisition, the chief executive officer directly owned 1,307,622 shares of the company's stock, valued at approximately $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.

Analyst Ratings Changes

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 research report on Monday, August 4th. Needham & Company LLC lowered their target price on shares of Asure Software from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $13.60.

Asure Software Stock Performance

Shares of Asure Software stock traded up $0.30 during trading hours on Monday, reaching $8.33. 54,738 shares of the stock traded hands, compared to its average volume of 92,304. The firm has a market capitalization of $228.27 million, a price-to-earnings ratio of -14.32, a P/E/G ratio of 0.93 and a beta of 0.39. Asure Software Inc has a one year low of $7.51 and a one year high of $12.74. The company has a 50 day moving average price of $9.29 and a 200 day moving average price of $9.59. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.33.

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.