Asure Software Inc $ASUR Shares Sold by S Squared Technology LLC

S Squared Technology LLC lessened its stake in Asure Software Inc (NASDAQ:ASUR) by 5.7% during the second quarter, Holdings Channel reports. The firm owned 582,118 shares of the technology company’s stock after selling 35,000 shares during the period. Asure Software makes up about 2.4% of S Squared Technology LLC’s holdings, making the stock its 14th biggest holding. S Squared Technology LLC’s holdings in Asure Software were worth $5,681,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royce & Associates LP boosted its holdings in Asure Software by 60.4% in the first quarter. Royce & Associates LP now owns 276,670 shares of the technology company’s stock valued at $2,642,000 after acquiring an additional 104,170 shares during the last quarter. Nuveen LLC acquired a new position in shares of Asure Software in the 1st quarter valued at about $709,000. Inspire Investing LLC acquired a new position in shares of Asure Software in the 1st quarter valued at about $703,000. Jane Street Group LLC purchased a new stake in shares of Asure Software during the 1st quarter worth about $240,000. Finally, R Squared Ltd acquired a new stake in Asure Software during the 2nd quarter worth approximately $123,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Asure Software Stock Down 1.1%

Shares of NASDAQ:ASUR opened at $8.07 on Monday. The company’s fifty day moving average is $8.22 and its two-hundred day moving average is $9.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.27 and a current ratio of 1.27. Asure Software Inc has a 1-year low of $7.70 and a 1-year high of $12.74. The stock has a market capitalization of $224.06 million, a price-to-earnings ratio of -13.91, a price-to-earnings-growth ratio of 1.00 and a beta of 0.43.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ASUR shares. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price target on shares of Asure Software in a research report on Monday, November 3rd. Needham & Company LLC decreased their target price on Asure Software from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Asure Software in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate 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.