AQR Capital Management LLC Has $1.63 Million Holdings in Asure Software, Inc. (NASDAQ:ASUR)

AQR Capital Management LLC cut its holdings in Asure Software, Inc. (NASDAQ:ASUR) by 27.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 193,949 shares of the technology company’s stock after selling 73,656 shares during the period. AQR Capital Management LLC owned about 0.75% of Asure Software worth $1,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in shares of Asure Software by 45.1% in the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock valued at $85,000 after buying an additional 3,398 shares in the last quarter. Capstone Investment Advisors LLC boosted its position in Asure Software by 9.0% during the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock worth $170,000 after purchasing an additional 1,800 shares during the period. American Century Companies Inc. boosted its position in Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after purchasing an additional 4,756 shares during the period. Rhumbline Advisers boosted its position in Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after purchasing an additional 2,948 shares during the period. Finally, Perritt Capital Management Inc boosted its position in Asure Software by 25.4% during the second quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company’s stock worth $369,000 after purchasing an additional 8,877 shares during the period. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on ASUR shares. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research report on Friday, August 2nd. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $13.40.

Asure Software Trading Down 0.1 %

Shares of Asure Software stock opened at $8.54 on Friday. The firm has a 50-day moving average of $8.68 and a 200-day moving average of $8.24. The stock has a market cap of $220.44 million, a PE ratio of -19.86, a PEG ratio of 0.85 and a beta of 0.55. Asure Software, Inc. has a 52-week low of $6.30 and a 52-week high of $10.52. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Thursday, August 1st. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The business had revenue of $28.04 million during the quarter, compared to the consensus estimate of $28.56 million. Asure Software had a negative net margin of 9.07% and a positive return on equity of 3.75%. As a group, sell-side analysts forecast that Asure Software, Inc. will post 0.49 EPS for the current year.

Insider Activity at Asure Software

In related news, Director Daniel M. Gill sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $8.69, for a total value of $43,450.00. Following the completion of the transaction, the director now owns 28,165 shares of the company’s stock, valued at $244,753.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Asure Software news, CRO Eyal Goldstein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the transaction, the executive now owns 239,243 shares of the company’s stock, valued at approximately $2,019,210.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel M. Gill sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $8.69, for a total value of $43,450.00. Following the transaction, the director now directly owns 28,165 shares of the company’s stock, valued at approximately $244,753.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

About Asure Software

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.