Jupiter Topco LLC Invests $14.54 Million in Asure Software Inc $ASUR

Jupiter Topco LLC acquired a new position in shares of Asure Software Inc (NASDAQ:ASUR) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,830,824 shares of the technology company’s stock, valued at approximately $14,537,000. Jupiter Topco LLC owned about 0.06% of Asure Software at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ASUR. BlackRock Inc. purchased a new position in Asure Software in the second quarter worth $13,113,000. Rice Hall James & Associates LLC acquired a new position in shares of Asure Software during the second quarter worth $5,603,000. S Squared Technology LLC purchased a new stake in shares of Asure Software during the 2nd quarter valued at $3,170,918. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Asure Software in the 2nd quarter worth $1,905,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Asure Software in the 2nd quarter worth $1,463,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ASUR shares. Weiss Ratings raised Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Zacks Research lowered Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Wall Street Zen downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a report on Sunday. Finally, TD Cowen raised shares of Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Asure Software has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Insider Buying and Selling at Asure Software

In related news, Director Bjorn Reynolds sold 15,420 shares of the firm’s 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 transaction, the director owned 31,162 shares of the company’s stock, valued at $260,202.70. This trade represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.90% of the stock is owned by insiders.

Asure Software Price Performance

Shares of NASDAQ:ASUR opened at $9.07 on Friday. Asure Software Inc has a twelve month low of $6.80 and a twelve month high of $10.20. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The company has a market cap of $261.94 million, a PE ratio of -31.27, a price-to-earnings-growth ratio of 1.08 and a beta of 0.49. The company’s 50 day moving average is $8.25 and its 200 day moving average is $8.49.

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.