Square, Inc. (NYSE:SQ) Shares Sold by Next Century Growth Investors LLC

Next Century Growth Investors LLC trimmed its holdings in shares of Square, Inc. (NYSE:SQ) by 3.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,641 shares of the technology company’s stock after selling 219 shares during the period. Next Century Growth Investors LLC’s holdings in Square were worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in SQ. Hexagon Capital Partners LLC lifted its holdings in Square by 308.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 102 shares of the technology company’s stock worth $25,000 after buying an additional 77 shares during the last quarter. Wagner Wealth Management LLC purchased a new stake in Square during the 1st quarter valued at approximately $30,000. Loomis Sayles & Co. L P increased its position in Square by 178.4% during the 1st quarter. Loomis Sayles & Co. L P now owns 142 shares of the technology company’s stock worth $32,000 after purchasing an additional 91 shares during the period. PNC Managed Account Solutions Inc. acquired a new stake in shares of Square in the 2nd quarter worth approximately $37,000. Finally, Pflug Koory LLC purchased a new stake in Square in the 2nd quarter valued at approximately $38,000. 62.65% of the stock is owned by institutional investors.

Shares of SQ stock traded up $7.88 on Thursday, hitting $250.61. 129,620 shares of the company’s stock were exchanged, compared to its average volume of 9,228,007. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.95 and a quick ratio of 1.95. Square, Inc. has a 12 month low of $151.10 and a 12 month high of $289.23. The stock has a market cap of $115.20 billion, a P/E ratio of 217.53, a price-to-earnings-growth ratio of 10.06 and a beta of 2.43. The company has a 50 day moving average of $257.13 and a 200 day moving average of $243.37.

Square (NYSE:SQ) last announced its quarterly earnings data on Saturday, July 31st. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.35. Square had a return on equity of 16.94% and a net margin of 3.60%. The business had revenue of $4.68 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the prior year, the company earned $0.18 EPS. Square’s revenue for the quarter was up 143.3% on a year-over-year basis. Sell-side analysts predict that Square, Inc. will post 0.81 EPS for the current fiscal year.

In other news, insider Brian Grassadonia sold 3,667 shares of the business’s stock in a transaction that occurred on Tuesday, August 3rd. The shares were sold at an average price of $268.52, for a total value of $984,662.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Ajmere Dale sold 500 shares of the company’s stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $266.00, for a total transaction of $133,000.00. Following the transaction, the chief accounting officer now owns 38,324 shares in the company, valued at approximately $10,194,184. The disclosure for this sale can be found here. Insiders sold 289,381 shares of company stock valued at $75,140,618 in the last ninety days. 15.12% of the stock is currently owned by insiders.

A number of research analysts have recently commented on SQ shares. Mizuho reaffirmed a “buy” rating and set a $380.00 price objective on shares of Square in a research note on Thursday, July 15th. Rosenblatt Securities boosted their target price on Square from $330.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, August 3rd. Keefe, Bruyette & Woods upped their price target on Square from $281.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, August 3rd. Atlantic Securities upgraded Square from a “neutral” rating to an “overweight” rating and set a $300.00 price target for the company in a report on Tuesday. Finally, Robert W. Baird restated a “hold” rating and issued a $250.00 price target on shares of Square in a report on Thursday, August 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Square currently has a consensus rating of “Buy” and an average target price of $288.31.

Square Company Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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