Simplex Trading LLC Sells 9,024 Shares of Asure Software Inc $ASUR

Simplex Trading LLC lessened its stake in Asure Software Inc (NASDAQ:ASUR) by 68.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,065 shares of the technology company’s stock after selling 9,024 shares during the quarter. Simplex Trading LLC’s holdings in Asure Software were worth $39,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Asure Software during the 2nd quarter worth $123,000. Equitable Trust Co. lifted its stake in 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 during the last quarter. Inspire Investing LLC bought a new stake in Asure Software during the first quarter worth about $703,000. Jane Street Group LLC purchased a new position in shares of Asure Software in the 1st quarter worth about $240,000. Finally, American Century Companies Inc. raised 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 valued at $464,000 after buying an additional 9,249 shares in the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Analyst Ratings Changes

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

Asure Software Stock Performance

NASDAQ:ASUR opened at $7.74 on Wednesday. The firm has a market cap of $214.89 million, a PE ratio of -13.34, a price-to-earnings-growth ratio of 1.00 and a beta of 0.43. Asure Software Inc has a fifty-two week low of $7.63 and a fifty-two week high of $12.74. 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 business has a 50 day moving average price of $8.21 and a 200-day moving average price of $9.01.

Asure Software 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.