GSA Capital Partners LLP Reduces Position in Asure Software, Inc. (NASDAQ:ASUR)

GSA Capital Partners LLP lowered its position in Asure Software, Inc. (NASDAQ:ASUR - Free Report) by 71.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,616 shares of the technology company's stock after selling 111,586 shares during the quarter. GSA Capital Partners LLP owned about 0.17% of Asure Software worth $404,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ASUR. Vanguard Group Inc. lifted its stake in Asure Software by 6.4% in the first quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company's stock worth $9,191,000 after purchasing an additional 71,495 shares during the last quarter. Swedbank AB boosted its holdings in shares of Asure Software by 16.7% during the 2nd quarter. Swedbank AB now owns 700,000 shares of the technology company's stock valued at $5,880,000 after buying an additional 100,000 shares in the last quarter. Boston Partners boosted its position in shares of Asure Software by 43.3% in the 1st quarter. Boston Partners now owns 243,710 shares of the technology company's stock worth $1,896,000 after purchasing an additional 73,633 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in Asure Software in the second quarter worth $782,000. Finally, Pacific Ridge Capital Partners LLC increased its holdings in shares of Asure Software by 7.9% during the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company's stock valued at $6,334,000 after acquiring an additional 55,123 shares in the last quarter. Institutional investors own 71.58% of the company's stock.

Asure Software Stock Up 1.4 %

Asure Software stock traded up $0.13 during trading hours on Friday, reaching $9.65. The stock had a trading volume of 93,205 shares, compared to its average volume of 150,930. 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 company has a market cap of $256.21 million, a price-to-earnings ratio of -20.53, a PEG ratio of 1.39 and a beta of 0.52. The business's 50 day moving average price is $9.09 and its 200-day moving average price is $8.62. Asure Software, Inc. has a 52 week low of $6.89 and a 52 week high of $10.52.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Daniel M. Gill sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total transaction of $43,450.00. Following the sale, the director now owns 28,165 shares of the company's stock, valued at $244,753.85. This trade represents a 15.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.