1,830,824 Shares in Asure Software Inc $ASUR Purchased by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in shares of Asure Software Inc (NASDAQ:ASUR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,830,824 shares of the technology company’s stock, valued at approximately $14,537,000. Jupiter Topco LLC owned 6.34% of Asure Software as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ASUR. BNP Paribas Financial Markets lifted its holdings in Asure Software by 107.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock valued at $41,000 after buying an additional 2,586 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in 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 worth $65,000 after acquiring an additional 5,451 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Asure Software during the fourth quarter worth approximately $66,000. Ancora Advisors LLC bought a new stake in shares of Asure Software during the second quarter valued at approximately $79,000. Finally, Boston Partners bought a new stake in shares of Asure Software during the fourth quarter valued at approximately $108,000. 71.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ASUR. Zacks Research lowered Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. TD Cowen raised Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Wall Street Zen cut Asure Software from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings raised Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Asure Software has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Asure Software Stock Performance

Shares of ASUR stock opened at $9.07 on Friday. The firm has a market cap of $261.94 million, a price-to-earnings ratio of -31.27, a PEG ratio of 1.08 and a beta of 0.49. The company’s 50 day moving average is $8.25 and its 200 day moving average is $8.49. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.31. Asure Software Inc has a 52-week low of $6.80 and a 52-week high of $10.20.

Insider Transactions at Asure Software

In other news, Director Bjorn Reynolds sold 15,420 shares of Asure Software stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total value of $128,757.00. Following the transaction, the director directly owned 31,162 shares in the company, valued at approximately $260,202.70. This trade represents a 33.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.