First Eagle Investment Management LLC Trims Stock Position in Asure Software Inc $ASUR

First Eagle Investment Management LLC trimmed its position in Asure Software Inc (NASDAQ:ASUR) by 32.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,046 shares of the technology company’s stock after selling 87,574 shares during the quarter. First Eagle Investment Management LLC owned about 0.67% of Asure Software worth $1,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in Asure Software in the second quarter valued at approximately $123,000. Jane Street Group LLC acquired a new position in shares of Asure Software in the 1st quarter valued at $240,000. American Century Companies Inc. grew its holdings in shares of Asure Software by 23.5% during the 1st quarter. American Century Companies Inc. now owns 48,562 shares of the technology company’s stock worth $464,000 after purchasing an additional 9,249 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Asure Software by 4.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 67,467 shares of the technology company’s stock worth $644,000 after purchasing an additional 2,791 shares during the last quarter. Finally, Inspire Investing LLC purchased a new stake in Asure Software in the 1st quarter valued at about $703,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

Asure Software Stock Down 1.1%

ASUR stock opened at $8.07 on Monday. Asure Software Inc has a fifty-two week low of $7.70 and a fifty-two week high of $12.74. The company’s 50 day moving average price is $8.22 and its 200 day moving average price is $9.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $224.06 million, a price-to-earnings ratio of -13.91, a PEG ratio of 1.00 and a beta of 0.43.

Wall Street Analyst Weigh In

ASUR has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a research note on Wednesday, October 8th. Needham & Company LLC lowered their price objective on shares of Asure Software from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Finally, Barrington Research reissued an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a research report on Monday, November 3rd. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.60.

Asure Software Company Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.