M Holdings Securities Inc. lowered its position in shares of Square Inc (NYSE:SQ) by 44.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,025 shares of the technology company’s stock after selling 5,575 shares during the quarter. M Holdings Securities Inc.’s holdings in Square were worth $415,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in SQ. Atlantic Trust Group LLC bought a new stake in shares of Square during the 3rd quarter worth approximately $1,143,000. Schwab Charles Investment Management Inc. raised its stake in shares of Square by 1,407.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company’s stock worth $20,052,000 after purchasing an additional 649,841 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Square by 4.1% during the 3rd quarter. California Public Employees Retirement System now owns 368,151 shares of the technology company’s stock worth $10,606,000 after purchasing an additional 14,451 shares in the last quarter. Kessler Investment Group LLC raised its stake in shares of Square by 133.1% during the 4th quarter. Kessler Investment Group LLC now owns 11,725 shares of the technology company’s stock worth $407,000 after purchasing an additional 6,695 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. bought a new stake in shares of Square during the 3rd quarter worth approximately $36,574,000. 52.21% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on SQ shares. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Tuesday, January 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $51.00 price target (up previously from $41.00) on shares of Square in a research note on Wednesday, February 28th. Stephens restated a “buy” rating and issued a $41.00 price target on shares of Square in a research note on Wednesday, January 10th. Wells Fargo started coverage on Square in a research note on Tuesday, November 21st. They issued a “market perform” rating and a $42.00 price target on the stock. Finally, Credit Suisse Group increased their price target on Square from $37.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $42.68.
In other news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $52.13, for a total transaction of $20,852,000.00. Following the sale, the director now directly owns 468,020 shares of the company’s stock, valued at approximately $24,397,882.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ajmere Dale sold 1,451 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $40.00, for a total value of $58,040.00. Following the sale, the insider now directly owns 109,586 shares in the company, valued at $4,383,440. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,425,177 shares of company stock worth $63,892,753. 32.68% of the stock is currently owned by insiders.
Square Inc (SQ) opened at $54.89 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $21,736.16, a price-to-earnings ratio of -343.06 and a beta of 4.56. Square Inc has a 12-month low of $16.11 and a 12-month high of $55.54.
Square (NYSE:SQ) last released its earnings results on Tuesday, February 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $616.04 million for the quarter, compared to analyst estimates of $601.63 million. Square had a negative return on equity of 6.60% and a negative net margin of 2.84%. sell-side analysts forecast that Square Inc will post 0.02 earnings per share for the current fiscal year.
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Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.
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