North Star Investment Management Corp. Invests $1.53 Million in Asure Software Inc $ASUR

North Star Investment Management Corp. acquired a new stake in Asure Software Inc (NASDAQ:ASUR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 178,244 shares of the technology company’s stock, valued at approximately $1,533,000.

A number of other institutional investors also recently modified their holdings of ASUR. Jane Street Group LLC acquired a new stake in Asure Software in the first quarter worth $240,000. American Century Companies Inc. raised its holdings in shares of Asure Software by 3.9% during the second quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after purchasing an additional 1,900 shares during the period. Invesco Ltd. acquired a new position in shares of Asure Software during the second quarter valued at about $112,000. Wasatch Advisors LP boosted its position in shares of Asure Software by 19.6% during the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock worth $7,515,000 after purchasing an additional 126,450 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Asure Software by 446.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock worth $65,000 after purchasing an additional 5,451 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research lowered Asure Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings lowered Asure Software from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. TD Cowen raised Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Barrington Research restated an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a report on Friday, April 24th. Finally, Wall Street Zen downgraded Asure Software from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Asure Software has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Asure Software Price Performance

ASUR stock opened at $7.78 on Tuesday. The company has a market capitalization of $223.15 million, a P/E ratio of -21.61, a price-to-earnings-growth ratio of 0.96 and a beta of 0.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.05. Asure Software Inc has a 52-week low of $6.80 and a 52-week high of $11.48. The business has a 50-day simple moving average of $8.73 and a two-hundred day simple moving average of $8.80.

About Asure Software

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.