Bingham Osborn & Scarborough LLC Purchases New Stake in Square, Inc. (SQ)

Bingham Osborn & Scarborough LLC purchased a new stake in Square, Inc. (NYSE:SQ) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,868 shares of the technology company’s stock, valued at approximately $486,000.

Other large investors have also modified their holdings of the company. UBS Asset Management Americas Inc. lifted its stake in shares of Square by 74.7% in the first quarter. UBS Asset Management Americas Inc. now owns 71,660 shares of the technology company’s stock valued at $1,238,000 after buying an additional 30,652 shares during the period. Teachers Advisors LLC lifted its stake in shares of Square by 11.6% in the first quarter. Teachers Advisors LLC now owns 256,516 shares of the technology company’s stock valued at $4,433,000 after buying an additional 26,712 shares during the period. Legal & General Group Plc lifted its stake in shares of Square by 2,210.9% in the first quarter. Legal & General Group Plc now owns 28,540 shares of the technology company’s stock valued at $493,000 after buying an additional 27,305 shares during the period. Vanguard Group Inc. lifted its stake in shares of Square by 2.3% in the first quarter. Vanguard Group Inc. now owns 10,975,970 shares of the technology company’s stock valued at $189,665,000 after buying an additional 241,563 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Square by 12.9% in the first quarter. Geode Capital Management LLC now owns 230,557 shares of the technology company’s stock valued at $3,984,000 after buying an additional 26,262 shares during the period. 53.91% of the stock is currently owned by institutional investors.

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SQ has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Tuesday, October 3rd. Barclays PLC raised their price target on shares of Square from $28.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday. KeyCorp restated an “overweight” rating on shares of Square in a research note on Tuesday, July 18th. Canaccord Genuity restated a “hold” rating and set a $26.00 price target (up previously from $18.00) on shares of Square in a research note on Wednesday, August 9th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $26.00 target price (up previously from $25.00) on shares of Square in a research note on Wednesday, August 9th. Thirteen research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $31.67.

Shares of Square, Inc. (NYSE:SQ) traded up $1.25 during mid-day trading on Friday, hitting $39.21. 19,473,400 shares of the stock traded hands, compared to its average volume of 9,402,780. Square, Inc. has a one year low of $11.43 and a one year high of $39.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 2.30.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The company had revenue of $257.12 million during the quarter, compared to analyst estimates of $244.95 million. During the same quarter in the previous year, the business earned $0.01 EPS. The firm’s revenue was up 44.6% on a year-over-year basis. equities analysts expect that Square, Inc. will post -0.16 EPS for the current fiscal year.

In other news, CFO Sarah Friar sold 19,200 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $25.54, for a total value of $490,368.00. Following the completion of the transaction, the chief financial officer now owns 366,103 shares of the company’s stock, valued at approximately $9,350,270.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $25.02, for a total transaction of $10,008,000.00. Following the completion of the transaction, the director now directly owns 507,385 shares of the company’s stock, valued at approximately $12,694,772.70. The disclosure for this sale can be found here. Insiders sold a total of 1,353,600 shares of company stock valued at $38,351,040 in the last three months. 32.68% of the stock is owned by company insiders.

About Square

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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Institutional Ownership by Quarter for Square (NYSE:SQ)

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