Rice Hall James & Associates LLC Buys New Position in Asure Software Inc $ASUR

Rice Hall James & Associates LLC bought a new position in shares of Asure Software Inc (NASDAQ:ASUR) in the 2nd quarter, Holdings Channel reports. The fund bought 705,628 shares of the technology company’s stock, valued at approximately $5,603,000.

Other hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings in shares of 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 in the last quarter. North Star Investment Management Corp. bought a new stake in shares of Asure Software in the 1st quarter valued at $1,533,000. Quantinno Capital Management LP increased its stake in shares of Asure Software by 179.4% in the 1st quarter. Quantinno Capital Management LP now owns 114,403 shares of the technology company’s stock valued at $984,000 after acquiring an additional 73,451 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Asure Software during the 2nd quarter valued at $1,905,000. Finally, Sei Investments Co. lifted its position in shares of Asure Software by 97.3% during the 1st quarter. Sei Investments Co. now owns 91,638 shares of the technology company’s stock valued at $788,000 after acquiring an additional 45,195 shares during the period. 71.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ASUR. Wall Street Zen lowered shares of Asure Software from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Zacks Research lowered shares of Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Barrington Research reissued an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a research report on Friday, April 24th. Finally, TD Cowen upgraded Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Insider Buying and Selling

In other Asure Software news, Director Bjorn Reynolds sold 15,420 shares of the company’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 transaction, the director owned 31,162 shares in the company, valued at approximately $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 accessible through this hyperlink. Company insiders own 8.90% of the company’s stock.

Asure Software Price Performance

Shares of ASUR opened at $8.30 on Tuesday. Asure Software Inc has a 12-month low of $6.80 and a 12-month high of $10.20. The business’s fifty day moving average is $8.23 and its 200 day moving average is $8.53. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.31. The stock 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.

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.