Diamond Hill Capital Management LLC Investment Advisor Invests $1.91 Million in Asure Software Inc $ASUR

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Asure Software Inc (NASDAQ:ASUR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 239,980 shares of the technology company’s stock, valued at approximately $1,905,000.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in Asure Software by 107.7% in the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after buying an additional 2,586 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Asure Software by 446.8% in the second 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 bought a new stake in Asure Software in the fourth quarter worth approximately $66,000. Boston Partners acquired a new position in shares of Asure Software during the 4th quarter worth $108,000. Finally, Invesco Ltd. acquired a new position in shares of Asure Software during the 2nd quarter worth $112,000. Institutional investors own 71.58% of the company’s stock.

Asure Software Stock Performance

NASDAQ:ASUR opened at $8.30 on Tuesday. The firm has a market capitalization of $239.70 million, a PE ratio of -28.62, a PEG ratio of 1.01 and a beta of 0.49. Asure Software Inc has a 1 year low of $6.80 and a 1 year high of $10.20. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $8.23 and its 200 day simple moving average is $8.53.

Analyst Ratings Changes

Several research firms recently issued reports on ASUR. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Asure Software in a research note on Friday, April 24th. Wall Street Zen downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research cut Asure Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings upgraded Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Finally, TD Cowen raised Asure Software to a “strong-buy” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Insider Activity at Asure Software

In other news, Director Bjorn Reynolds sold 15,420 shares of Asure Software stock in a transaction dated 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. The trade was a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.90% of the company’s stock.

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.