Quantinno Capital Management LP Buys 73,451 Shares of Asure Software Inc $ASUR

Quantinno Capital Management LP raised its position in shares of Asure Software Inc (NASDAQ:ASUR) by 179.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 114,403 shares of the technology company’s stock after purchasing an additional 73,451 shares during the quarter. Quantinno Capital Management LP’s holdings in Asure Software were worth $984,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ASUR. BNP Paribas Financial Markets lifted its position in shares of Asure Software by 107.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,586 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Asure Software by 446.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after purchasing an additional 5,451 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Asure Software during the fourth quarter worth $66,000. Invesco Ltd. acquired a new stake in shares of Asure Software during the second quarter worth $112,000. Finally, Boston Partners bought a new position in Asure Software during the fourth quarter worth $108,000. Institutional investors own 71.58% of the company’s stock.

Asure Software Price Performance

Shares of NASDAQ ASUR opened at $8.47 on Monday. The firm has a market cap of $244.61 million, a PE ratio of -29.21, a P/E/G ratio of 1.01 and a beta of 0.49. Asure Software Inc has a 12-month low of $6.80 and a 12-month high of $10.20. The company’s fifty day simple moving average is $8.24 and its 200 day simple moving average is $8.54. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.31.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ASUR. Zacks Research lowered shares of Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Barrington Research reiterated an “outperform” rating and set a $15.00 price target on shares of Asure Software in a report on Friday, April 24th. Weiss Ratings raised Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. TD Cowen raised Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Wall Street Zen lowered Asure Software from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Insiders Place Their Bets

In other news, Director Bjorn Reynolds sold 15,420 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total transaction of $128,757.00. Following the transaction, the director owned 31,162 shares in the company, valued at approximately $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 accessible through this link. Company insiders own 8.90% of the company’s stock.

Asure Software Company 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.