Asure Software, Inc. (NASDAQ:ASUR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its position in Asure Software, Inc. (NASDAQ:ASUR - Free Report) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,711,437 shares of the technology company's stock after selling 31,450 shares during the period. Janus Henderson Group PLC owned 6.45% of Asure Software worth $16,105,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ASUR. Dimensional Fund Advisors LP boosted its stake in Asure Software by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company's stock valued at $8,444,000 after acquiring an additional 48,836 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Asure Software by 12.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 773,572 shares of the technology company's stock valued at $7,279,000 after purchasing an additional 86,277 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its position in shares of Asure Software by 24.5% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company's stock worth $6,722,000 after purchasing an additional 140,711 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Asure Software by 2.4% in the 4th quarter. First Eagle Investment Management LLC now owns 387,620 shares of the technology company's stock worth $3,648,000 after purchasing an additional 9,156 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new position in Asure Software during the 4th quarter worth $3,338,000. Hedge funds and other institutional investors own 71.58% of the company's stock.

Analyst Upgrades and Downgrades

ASUR has been the subject of a number of research analyst reports. Barrington Research reiterated an "outperform" rating and issued a $17.00 price target on shares of Asure Software in a research note on Monday, April 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Asure Software in a research report on Friday, May 2nd. Finally, Stephens reiterated an "overweight" rating and issued a $13.00 target price on shares of Asure Software in a research note on Friday, March 7th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $15.00.

Asure Software Stock Performance

Shares of NASDAQ:ASUR traded down $0.01 during trading on Wednesday, hitting $9.73. The stock had a trading volume of 1,353 shares, compared to its average volume of 101,525. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software, Inc. has a 12-month low of $7.37 and a 12-month high of $12.74. The stock has a market capitalization of $264.21 million, a price-to-earnings ratio of -20.70, a price-to-earnings-growth ratio of 1.11 and a beta of 0.43. The stock has a 50-day simple moving average of $9.64 and a two-hundred day simple moving average of $10.11.

Asure Software (NASDAQ:ASUR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.06). Asure Software had a positive return on equity of 3.75% and a negative net margin of 10.54%. On average, equities research analysts expect that Asure Software, Inc. will post 0.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Asure Software

In related news, Director Ben F. Allen sold 10,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the transaction, the director now directly owns 47,645 shares in the company, valued at $476,450. This trade represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Grace G. Lee sold 7,500 shares of Asure Software stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the completion of the transaction, the director now directly owns 32,215 shares of the company's stock, valued at approximately $306,364.65. This represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by corporate insiders.

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.