Dimensional Fund Advisors LP Sells 52,370 Shares of Asure Software, Inc. (NASDAQ:ASUR)

Dimensional Fund Advisors LP lowered its stake in Asure Software, Inc. (NASDAQ:ASUR) by 6.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 755,917 shares of the technology company’s stock after selling 52,370 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.93% of Asure Software worth $6,349,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ASUR. Capstone Investment Advisors LLC increased its position in Asure Software by 9.0% during the 1st 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 in the last quarter. Rhumbline Advisers increased its holdings in shares of 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 buying an additional 2,948 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Asure Software by 45.1% during the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after buying an additional 3,398 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Asure Software by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after acquiring an additional 4,756 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Asure Software by 8.2% during the 1st quarter. Empowered Funds LLC now owns 67,168 shares of the technology company’s stock valued at $523,000 after acquiring an additional 5,075 shares in 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 $8.55 on Wednesday. The stock has a market cap of $226.23 million, a price-to-earnings ratio of -19.88, a P/E/G ratio of 0.85 and a beta of 0.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Asure Software, Inc. has a twelve month low of $6.30 and a twelve month high of $10.52. The company’s fifty day moving average is $8.74 and its 200 day moving average is $8.24.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company 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%. Sell-side analysts forecast that Asure Software, Inc. will post 0.49 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ASUR. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a report on Friday, July 26th. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, August 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Asure Software presently has a consensus rating of “Moderate Buy” and an average price target of $13.40.

Insiders Place Their Bets

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