Jane Street Group LLC Lowers Stock Position in Asure Software, Inc. (NASDAQ:ASUR)

Jane Street Group LLC cut its position in shares of Asure Software, Inc. (NASDAQ:ASUR) by 15.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,006 shares of the technology company’s stock after selling 4,265 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of Asure Software worth $217,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Needham Investment Management LLC boosted its stake in shares of Asure Software by 25.4% in the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after buying an additional 502,500 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Asure Software by 7.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock worth $6,334,000 after purchasing an additional 55,123 shares during the last quarter. Swedbank AB grew its stake in Asure Software by 7.1% in the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock valued at $6,788,000 after purchasing an additional 50,000 shares during the period. ArrowMark Colorado Holdings LLC purchased a new stake in shares of Asure Software during the 3rd quarter valued at $5,191,000. Finally, Rice Hall James & Associates LLC raised its stake in shares of Asure Software by 465.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after purchasing an additional 433,197 shares during the period. 71.58% of the stock is owned by institutional investors.

Asure Software Stock Performance

NASDAQ:ASUR opened at $11.25 on Monday. The business’s fifty day moving average is $9.47 and its 200 day moving average is $9.12. The firm has a market cap of $298.73 million, a price-to-earnings ratio of -23.94, a PEG ratio of 1.64 and a beta of 0.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. Asure Software, Inc. has a 52-week low of $6.89 and a 52-week high of $11.47.

Wall Street Analyst Weigh In

ASUR has been the subject of a number of research analyst reports. Stephens began coverage on shares of Asure Software in a report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price objective for the company. Northland Securities upped their price objective on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a report on Friday, November 1st. 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 price target of $14.17.

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.