Asure Software, Inc. (NASDAQ:ASUR) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its position in Asure Software, Inc. (NASDAQ:ASUR) by 71.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,616 shares of the technology company’s stock after selling 111,586 shares during the period. GSA Capital Partners LLP owned about 0.17% of Asure Software worth $404,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ASUR. BNP Paribas Financial Markets grew its holdings in 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 purchasing an additional 3,398 shares during the period. Vanguard Group Inc. grew its stake in Asure Software by 6.4% during the first quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock worth $9,191,000 after buying an additional 71,495 shares during the period. Janus Henderson Group PLC grew its stake in Asure Software by 150.3% during the first quarter. Janus Henderson Group PLC now owns 1,737,398 shares of the technology company’s stock worth $13,517,000 after buying an additional 1,043,385 shares during the period. Swedbank AB purchased a new position in shares of Asure Software in the first quarter valued at $4,668,000. Finally, Boston Partners boosted its stake in shares of Asure Software by 43.3% in the first quarter. Boston Partners now owns 243,710 shares of the technology company’s stock valued at $1,896,000 after purchasing an additional 73,633 shares during the period. Institutional investors and hedge funds own 71.58% of the company’s stock.

Asure Software Stock Performance

Asure Software stock opened at $9.52 on Friday. The firm’s 50 day simple moving average is $9.08 and its 200-day simple moving average is $8.60. The company has a market cap of $252.82 million, a P/E ratio of -20.26, a price-to-earnings-growth ratio of 1.39 and a beta of 0.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software, Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $10.52.

Insider Buying and Selling

In other news, Director Daniel M. Gill sold 5,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the sale, the director now owns 28,165 shares in the company, valued at approximately $244,753.85. The trade was a 15.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Stephens assumed coverage on shares of Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price objective on the stock. Northland Securities cut their price objective on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, November 1st. Finally, Barrington Research reissued an “outperform” rating and set a $17.00 target price on shares of Asure Software in a research note on Monday, October 28th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $14.50.

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.