Empowered Funds LLC Has $147,000 Stock Position in Asure Software, Inc. (NASDAQ:ASUR)

Empowered Funds LLC lessened its stake in Asure Software, Inc. (NASDAQ:ASUR) by 54.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,241 shares of the technology company’s stock after selling 19,092 shares during the quarter. Empowered Funds LLC owned 0.06% of Asure Software worth $147,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ASUR. Janus Henderson Group PLC increased its position in shares of Asure Software by 150.3% during the 1st quarter. Janus Henderson Group PLC now owns 1,737,398 shares of the technology company’s stock worth $13,517,000 after purchasing an additional 1,043,385 shares during the last quarter. Swedbank AB bought a new position in shares of Asure Software in the first quarter valued at $4,668,000. Whittier Trust Co. acquired a new position in Asure Software during the third quarter worth $4,140,000. Rice Hall James & Associates LLC raised its position in Asure Software by 465.1% during the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after acquiring an additional 433,197 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Asure Software by 34.6% in the second quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock valued at $3,183,000 after acquiring an additional 97,404 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

Asure Software Stock Performance

Shares of Asure Software stock opened at $9.65 on Wednesday. The business has a 50-day simple moving average of $9.11 and a 200 day simple moving average of $8.66. Asure Software, Inc. has a one year low of $6.89 and a one year high of $10.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $256.21 million, a price-to-earnings ratio of -20.53, a PEG ratio of 1.52 and a beta of 0.52.

Wall Street Analysts Forecast Growth

ASUR has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Asure Software in a report on Friday, November 1st. Northland Securities lowered their target price on Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Barrington Research restated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Monday, October 28th. Finally, Stephens assumed coverage on Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $14.50.

Insider Activity

In other news, Director Daniel M. Gill sold 5,000 shares of the business’s stock in a transaction that occurred on 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 owns 28,165 shares in the company, valued at $244,753.85. The trade was a 15.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.