S Squared Technology LLC Invests $3.17 Billion in Asure Software Inc $ASUR

S Squared Technology LLC purchased a new position in Asure Software Inc (NASDAQ:ASUR) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 399,360 shares of the technology company’s stock, valued at approximately $3,170,918,000. Asure Software comprises 1.0% of S Squared Technology LLC’s portfolio, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Needham Investment Management LLC grew its stake in Asure Software by 1.5% in the fourth quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company’s stock valued at $24,209,000 after purchasing an additional 37,500 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Asure Software by 10.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company’s stock worth $15,218,000 after purchasing an additional 161,074 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Asure Software during the 2nd quarter valued at about $13,113,000. Vanguard Group Inc. lifted its holdings in shares of Asure Software by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company’s stock valued at $11,491,000 after buying an additional 41,539 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Asure Software by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 959,444 shares of the technology company’s stock valued at $8,251,000 after buying an additional 38,427 shares in the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

Asure Software Stock Performance

Shares of NASDAQ ASUR opened at $8.70 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.06. The firm has a market cap of $251.26 million, a price-to-earnings ratio of -30.00, a P/E/G ratio of 1.04 and a beta of 0.49. The business’s 50-day simple moving average is $8.21 and its 200-day simple moving average is $8.49. Asure Software Inc has a 52 week low of $6.80 and a 52 week high of $10.20.

Insiders Place Their Bets

In other Asure Software news, Director Bjorn Reynolds sold 15,420 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total transaction of $128,757.00. Following the completion of the sale, the director owned 31,162 shares of the company’s stock, valued at $260,202.70. This represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ASUR. Zacks Research lowered shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Asure Software currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Asure Software Profile

Asure Software, Inc (NASDAQ: ASUR) is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.

The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.