Focused Wealth Management Inc grew its holdings in Square, Inc. (NYSE:SQ) by 138.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,842 shares of the technology company’s stock after acquiring an additional 1,648 shares during the quarter. Focused Wealth Management Inc’s holdings in Square were worth $178,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. CMH Wealth Management LLC boosted its position in shares of Square by 64.5% in the fourth quarter. CMH Wealth Management LLC now owns 78,090 shares of the technology company’s stock valued at $4,885,000 after acquiring an additional 30,620 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Square by 4.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 72,113 shares of the technology company’s stock valued at $4,511,000 after acquiring an additional 3,268 shares during the period. SFE Investment Counsel bought a new stake in shares of Square in the fourth quarter valued at about $209,000. Alpha Cubed Investments LLC boosted its position in shares of Square by 5.1% in the fourth quarter. Alpha Cubed Investments LLC now owns 4,671 shares of the technology company’s stock valued at $292,000 after acquiring an additional 227 shares during the period. Finally, Manchester Financial Inc. bought a new stake in shares of Square in the fourth quarter valued at about $63,000. 57.77% of the stock is owned by institutional investors.
A number of research analysts recently commented on SQ shares. Piper Jaffray Companies dropped their price target on Square from $75.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. Compass Point started coverage on Square in a research note on Thursday, December 5th. They issued a “neutral” rating and a $70.00 price target for the company. Bank of America raised Square from a “neutral” rating to a “buy” rating and boosted their price target for the company from $70.00 to $75.00 in a research note on Tuesday, January 7th. BMO Capital Markets dropped their price target on Square to $78.00 and set a “market perform” rating for the company in a research note on Friday, November 8th. Finally, ValuEngine raised Square from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $72.43.
NYSE SQ traded down $1.07 during trading on Tuesday, hitting $68.31. 4,906,910 shares of the company’s stock were exchanged, compared to its average volume of 7,314,132. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.83. The company has a market cap of $29.84 billion, a PE ratio of -569.20, a P/E/G ratio of 23.72 and a beta of 3.30. Square, Inc. has a fifty-two week low of $54.41 and a fifty-two week high of $83.20. The stock’s 50 day moving average price is $65.85 and its two-hundred day moving average price is $65.95.
Square (NYSE:SQ) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The firm had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.85 million. Square had a positive return on equity of 5.72% and a negative net margin of 1.01%. The business’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. Analysts forecast that Square, Inc. will post 0.12 earnings per share for the current fiscal year.
In other news, insider Jacqueline D. Reses sold 82,720 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $63.64, for a total transaction of $5,264,300.80. Following the sale, the insider now directly owns 248,534 shares in the company, valued at $15,816,703.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jacqueline D. Reses sold 90,455 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $62.28, for a total value of $5,633,537.40. Following the sale, the insider now owns 368,157 shares in the company, valued at $22,928,817.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 241,743 shares of company stock valued at $15,546,094. Insiders own 21.79% of the company’s stock.
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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