Quantinno Capital Management LP Has $984,000 Stock Holdings in Asure Software Inc $ASUR

Quantinno Capital Management LP raised its position in shares of Asure Software Inc (NASDAQ:ASUR) by 179.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,403 shares of the technology company’s stock after purchasing an additional 73,451 shares during the period. Quantinno Capital Management LP owned approximately 0.40% of Asure Software worth $984,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ASUR. North Star Investment Management Corp. acquired a new position in Asure Software during the first quarter worth about $1,533,000. Rice Hall James & Associates LLC boosted its position in Asure Software by 39.2% in the fourth quarter. Rice Hall James & Associates LLC now owns 595,201 shares of the technology company’s stock valued at $5,607,000 after buying an additional 167,756 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Asure Software by 19.6% during the second quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock worth $7,515,000 after buying an additional 126,450 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Asure Software by 100.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 173,105 shares of the technology company’s stock worth $1,631,000 after buying an additional 86,890 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in shares of Asure Software by 18.6% during the third quarter. Kennedy Capital Management LLC now owns 514,963 shares of the technology company’s stock worth $4,223,000 after buying an additional 80,716 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on ASUR. Zacks Research cut Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 target price 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 report on Thursday, July 2nd. TD Cowen upgraded Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Finally, Wall Street Zen lowered Asure Software from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One research 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 issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Asure Software Price Performance

ASUR stock opened at $8.47 on Monday. The company has a market capitalization of $244.61 million, a P/E ratio of -29.21, a PEG ratio of 1.01 and a beta of 0.49. The company has a fifty day moving average price of $8.24 and a 200-day moving average price of $8.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.06. 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 related news, Director Bjorn Reynolds sold 15,420 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total transaction of $128,757.00. Following the completion of the transaction, the director directly owned 31,162 shares of the company’s stock, valued at $260,202.70. This trade represents a 33.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.90% of the stock is currently owned by corporate insiders.

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.