S Squared Technology LLC Sells 78,218 Shares of Asure Software, Inc. (NASDAQ:ASUR)

S Squared Technology LLC lessened its stake in shares of Asure Software, Inc. (NASDAQ:ASUR - Free Report) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723,399 shares of the technology company's stock after selling 78,218 shares during the quarter. Asure Software comprises 2.8% of S Squared Technology LLC's investment portfolio, making the stock its 17th biggest holding. S Squared Technology LLC owned about 2.72% of Asure Software worth $6,807,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ASUR. Geode Capital Management LLC grew its holdings in shares of Asure Software by 4.4% during the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company's stock valued at $5,251,000 after buying an additional 24,649 shares during the last quarter. Barclays PLC raised its stake in shares of Asure Software by 225.7% in the third quarter. Barclays PLC now owns 31,075 shares of the technology company's stock worth $281,000 after purchasing an additional 21,533 shares during the last quarter. Tallon Kerry Patrick bought a new position in shares of Asure Software in the fourth quarter valued at approximately $1,372,000. Pacific Ridge Capital Partners LLC boosted its position in shares of Asure Software by 12.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 773,572 shares of the technology company's stock valued at $7,279,000 after buying an additional 86,277 shares during the last quarter. Finally, State Street Corp grew its holdings in Asure Software by 0.5% during the third quarter. State Street Corp now owns 429,298 shares of the technology company's stock worth $3,885,000 after buying an additional 1,961 shares in the last quarter. 71.58% of the stock is owned by institutional investors.

Asure Software Trading Up 6.0 %

ASUR traded up $0.55 on Friday, hitting $9.68. 187,627 shares of the company were exchanged, compared to its average volume of 113,858. 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 12 month low of $6.89 and a 12 month high of $12.74. The firm has a fifty day simple moving average of $10.07 and a two-hundred day simple moving average of $10.00. The stock has a market capitalization of $261.16 million, a PE ratio of -20.60, a price-to-earnings-growth ratio of 1.11 and a beta of 0.41.

Wall Street Analyst Weigh In

ASUR has been the subject of a number of recent analyst reports. Stephens restated an "overweight" rating and issued a $13.00 price objective on shares of Asure Software in a research note on Friday, March 7th. Lake Street Capital upgraded Asure Software from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Needham & Company LLC restated a "buy" rating and issued a $20.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Barrington Research reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Asure Software in a report on Friday, March 7th. Finally, Northland Securities lifted their price objective on shares of Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, January 8th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $14.17.

Insider Transactions at Asure Software

In other news, Director Grace G. Lee sold 7,500 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the sale, the director now directly owns 32,215 shares in the company, valued at approximately $306,364.65. This represents a 18.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.