Empowered Funds LLC Cuts Stock Position in Asure Software, Inc. (NASDAQ:ASUR)

Empowered Funds LLC trimmed its position in shares of Asure Software, Inc. (NASDAQ:ASUR) by 54.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,241 shares of the technology company’s stock after selling 19,092 shares during the period. Empowered Funds LLC’s holdings in Asure Software were worth $147,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Huntington National Bank bought a new position in Asure Software during the 3rd quarter worth approximately $64,000. American Century Companies Inc. boosted its stake in shares of Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after purchasing an additional 4,756 shares during the period. Rhumbline Advisers grew its holdings in shares of Asure Software by 11.4% in the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after purchasing an additional 2,948 shares during the last quarter. Perritt Capital Management Inc increased its stake in shares of Asure Software by 25.4% in the second quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company’s stock worth $369,000 after buying an additional 8,877 shares during the period. Finally, Rice Hall James & Associates LLC bought a new stake in Asure Software during the 2nd quarter valued at $782,000. Institutional investors own 71.58% of the company’s stock.

Wall Street Analyst Weigh In

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

Asure Software Stock Performance

NASDAQ:ASUR opened at $9.65 on Wednesday. The firm has a market capitalization of $256.21 million, a PE ratio of -20.53, a PEG ratio of 1.52 and a beta of 0.52. The stock’s fifty day moving average is $9.11 and its 200 day moving average is $8.66. Asure Software, Inc. has a fifty-two week low of $6.89 and a fifty-two week high of $10.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07.

Insider Transactions at Asure Software

In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $8.69, for a total transaction of $43,450.00. Following the completion of the sale, the director now owns 28,165 shares in the company, valued at $244,753.85. This represents a 15.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.90% of the company’s stock.

About Asure Software

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.