Asure Software, Inc. (NASDAQ:ASUR) Stake Reduced by S Squared Technology LLC

S Squared Technology LLC trimmed its stake in Asure Software, Inc. (NASDAQ:ASUR) by 9.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 723,399 shares of the technology company’s stock after selling 78,218 shares during the quarter. Asure Software accounts for approximately 2.8% of S Squared Technology LLC’s holdings, making the stock its 17th biggest holding. S Squared Technology LLC’s holdings in Asure Software were worth $6,807,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC increased its holdings in shares of Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after acquiring an additional 5,199 shares during the period. Intech Investment Management LLC bought a new position in Asure Software in the 4th quarter worth about $104,000. PNC Financial Services Group Inc. increased its stake in shares of Asure Software by 66.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock valued at $120,000 after purchasing an additional 5,096 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Asure Software by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock valued at $143,000 after buying an additional 3,480 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Asure Software during the fourth quarter worth approximately $239,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASUR. Northland Securities raised their target price on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stifel Nicolaus increased their target price on shares of Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Friday, March 7th. Finally, Stephens reiterated an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a report on Friday, March 7th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $14.17.

Asure Software Price Performance

Shares of Asure Software stock opened at $9.13 on Thursday. Asure Software, Inc. has a 52 week low of $6.89 and a 52 week high of $12.74. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock has a market cap of $246.32 million, a PE ratio of -19.43, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41. The company’s 50-day moving average price is $10.14 and its two-hundred day moving average price is $9.98.

Insider Buying and Selling

In related news, Director Grace G. Lee sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the sale, the director now directly owns 32,215 shares in the company, valued at approximately $306,364.65. This trade represents a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 8.90% of the company’s stock.

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.