S Squared Technology LLC Decreases Stock Holdings in Asure Software Inc $ASUR

S Squared Technology LLC reduced its holdings in shares of Asure Software Inc (NASDAQ:ASUR) by 14.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 399,360 shares of the technology company’s stock after selling 65,869 shares during the period. Asure Software comprises 1.5% of S Squared Technology LLC’s investment portfolio, making the stock its 23rd largest holding. S Squared Technology LLC’s holdings in Asure Software were worth $3,762,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC grew its stake in Asure Software by 8.3% during the fourth quarter. Barclays PLC now owns 39,357 shares of the technology company’s stock worth $371,000 after buying an additional 3,033 shares during the period. State Street Corp grew its stake in Asure Software by 1.8% during the fourth quarter. State Street Corp now owns 506,409 shares of the technology company’s stock worth $4,770,000 after buying an additional 9,065 shares during the period. Boston Partners purchased a new stake in Asure Software during the fourth quarter worth approximately $108,000. Wells Fargo & Company MN grew its stake in Asure Software by 41.2% during the fourth quarter. Wells Fargo & Company MN now owns 29,214 shares of the technology company’s stock worth $275,000 after buying an additional 8,520 shares during the period. Finally, MetLife Investment Management LLC grew its stake in Asure Software by 106.8% during the fourth quarter. MetLife Investment Management LLC now owns 13,201 shares of the technology company’s stock worth $124,000 after buying an additional 6,817 shares during the period. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

Asure Software Price Performance

Shares of ASUR stock opened at $8.79 on Monday. The company has a market capitalization of $252.10 million, a PE ratio of -24.42, a price-to-earnings-growth ratio of 1.07 and a beta of 0.48. The firm has a fifty day simple moving average of $8.86 and a 200-day simple moving average of $8.80. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. Asure Software Inc has a twelve month low of $6.80 and a twelve month high of $11.48.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD Cowen upgraded shares of Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Wall Street Zen downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research note on Monday, April 20th. Zacks Research downgraded shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Barrington Research restated an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.00.

Asure Software 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.