S Squared Technology LLC Takes Position in Asure Software Inc (NASDAQ:ASUR)

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S Squared Technology LLC purchased a new position in Asure Software Inc (NASDAQ:ASUR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 77,647 shares of the technology company’s stock, valued at approximately $474,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rhumbline Advisers purchased a new stake in Asure Software in the fourth quarter worth about $73,000. Cambridge Investment Research Advisors Inc. increased its position in Asure Software by 15.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,000 shares of the technology company’s stock worth $112,000 after buying an additional 3,000 shares in the last quarter. Algert Global LLC bought a new position in shares of Asure Software in the first quarter worth about $127,000. First Interstate Bank boosted its stake in shares of Asure Software by 28.5% in the first quarter. First Interstate Bank now owns 23,900 shares of the technology company’s stock worth $146,000 after acquiring an additional 5,300 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Asure Software by 48.9% in the fourth quarter. Bank of New York Mellon Corp now owns 51,282 shares of the technology company’s stock worth $260,000 after acquiring an additional 16,846 shares during the period. Institutional investors and hedge funds own 49.29% of the company’s stock.

ASUR has been the subject of a number of recent analyst reports. Barrington Research reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Asure Software in a research note on Friday, May 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Asure Software in a research note on Friday, March 15th. Finally, Zacks Investment Research lowered Asure Software from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Asure Software presently has an average rating of “Buy” and a consensus target price of $13.63.

Shares of NASDAQ ASUR traded down $0.02 during mid-day trading on Friday, reaching $6.71. The company’s stock had a trading volume of 3,454 shares, compared to its average volume of 177,735. The firm has a market cap of $103.03 million, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 0.69 and a beta of 0.98. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 1.13. Asure Software Inc has a 52 week low of $4.26 and a 52 week high of $18.50.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Thursday, May 9th. The technology company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.09. Asure Software had a positive return on equity of 7.46% and a negative net margin of 8.83%. The firm had revenue of $26.76 million during the quarter, compared to analyst estimates of $26.04 million. Research analysts expect that Asure Software Inc will post 0.39 EPS for the current fiscal year.

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About Asure Software

Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.

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Institutional Ownership by Quarter for Asure Software (NASDAQ:ASUR)

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