Diamond Hill Capital Management Inc. Boosts Holdings in Asure Software Inc $ASUR

Diamond Hill Capital Management Inc. raised its position in Asure Software Inc (NASDAQ:ASUR) by 43.8% in the 3rd quarter, Holdings Channel reports. The firm owned 267,759 shares of the technology company’s stock after buying an additional 81,550 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Asure Software were worth $2,196,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in shares of Asure Software by 11.5% in the second quarter. PNC Financial Services Group Inc. now owns 13,409 shares of the technology company’s stock worth $131,000 after buying an additional 1,378 shares in the last quarter. American Century Companies Inc. increased its stake in Asure Software by 3.9% in the 2nd quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock worth $493,000 after acquiring an additional 1,900 shares during the last quarter. Anchor Capital Advisors LLC raised its holdings in shares of Asure Software by 2.1% in the 3rd quarter. Anchor Capital Advisors LLC now owns 118,859 shares of the technology company’s stock valued at $975,000 after acquiring an additional 2,396 shares in the last quarter. 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 valued at $65,000 after acquiring an additional 5,451 shares during the last quarter. Finally, Equitable Trust Co. grew its holdings in shares of Asure Software by 8.8% during the second quarter. Equitable Trust Co. now owns 109,395 shares of the technology company’s stock worth $1,068,000 after purchasing an additional 8,805 shares in the last quarter. Institutional investors own 71.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ASUR. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a research note on Tuesday, December 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Asure Software has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.

Asure Software Price Performance

ASUR stock opened at $8.91 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 1.08. Asure Software Inc has a 52 week low of $7.63 and a 52 week high of $12.18. The firm’s fifty day moving average is $9.17 and its 200 day moving average is $8.63. The firm has a market cap of $247.38 million, a P/E ratio of -14.37, a P/E/G ratio of 1.19 and a beta of 0.43.

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.