Rice Hall James & Associates LLC Acquires Shares of 705,628 Asure Software Inc $ASUR

Key Points

• Rice Hall James & Associates acquired 705,628 shares of Asure Software valued at approximately $5.6 million, giving it a 2.44% stake. Institutional investors collectively own 71.58% of the company.
• Asure Software shares opened at $8.30, near their 50-day moving average of $8.23, with a one-year trading range of $6.80 to $10.20.
• Analyst sentiment is mixed but remains a “Moderate Buy” overall, with a consensus price target of $15.00; meanwhile, a company director sold 15,420 shares at $8.35 each.

Rice Hall James & Associates LLC purchased a new stake in Asure Software Inc (NASDAQ:ASUR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 705,628 shares of the technology company's stock, valued at approximately $5,603,000. Rice Hall James & Associates LLC owned about 2.44% of Asure Software as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Needham Investment Management LLC grew its stake in shares of Asure Software by 1.5% during the fourth quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company's stock worth $24,209,000 after purchasing an additional 37,500 shares during the period. Janus Henderson Group PLC raised its holdings in Asure Software by 10.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company's stock worth $15,218,000 after buying an additional 161,074 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Asure Software by 3.1% in the third quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company's stock valued at $11,491,000 after purchasing an additional 41,539 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Asure Software by 4.2% during the first quarter. Dimensional Fund Advisors LP now owns 959,444 shares of the technology company's stock worth $8,251,000 after purchasing an additional 38,427 shares during the last quarter. Finally, Swedbank AB grew its stake in Asure Software by 6.7% in the first quarter. Swedbank AB now owns 800,000 shares of the technology company's stock valued at $6,880,000 after purchasing an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company's stock.

Asure Software Price Performance

Asure Software stock opened at $8.30 on Tuesday. The stock's 50 day moving average is $8.23 and its 200 day moving average is $8.53. Asure Software Inc has a one year low of $6.80 and a one year high of $10.20. The firm has a market cap of $239.70 million, a P/E ratio of -28.62, a P/E/G ratio of 1.01 and a beta of 0.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.06 and a quick ratio of 1.05.

Insider Activity at Asure Software

In other 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 transaction of $128,757.00. Following the completion of the sale, the director directly owned 31,162 shares in the company, valued at $260,202.70. This represents a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.90% of the company's stock.

Analysts Set New Price Targets

ASUR has been the topic of a number of recent analyst reports. Zacks Research lowered Asure Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. TD Cowen upgraded shares of Asure Software to a "strong-buy" rating in a research report on Monday, May 18th. Weiss Ratings upgraded Asure Software from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, July 2nd. Wall Street Zen lowered shares of Asure Software from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Barrington Research reissued an "outperform" rating and set a $15.00 price target on shares of Asure Software in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.

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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