46,360 Shares in Square, Inc. (NYSE:SQ) Purchased by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. purchased a new position in shares of Square, Inc. (NYSE:SQ) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 46,360 shares of the technology company’s stock, valued at approximately $2,872,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Square by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,838,878 shares of the technology company’s stock valued at $1,801,564,000 after buying an additional 1,910,823 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Square by 26.4% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,971,195 shares of the technology company’s stock valued at $493,816,000 after buying an additional 1,667,227 shares during the period. Nikko Asset Management Americas Inc. increased its holdings in Square by 32.9% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 6,691,581 shares of the technology company’s stock valued at $414,543,000 after buying an additional 1,656,927 shares during the period. Coatue Management LLC bought a new position in Square in the 2nd quarter valued at about $319,388,000. Finally, Bares Capital Management Inc. increased its holdings in Square by 542.2% in the 2nd quarter. Bares Capital Management Inc. now owns 3,616,765 shares of the technology company’s stock valued at $262,324,000 after buying an additional 3,053,548 shares during the period. 56.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Square stock opened at $62.45 on Friday. The firm has a market capitalization of $26.08 billion, a PE ratio of 3,122.50, a price-to-earnings-growth ratio of 21.95 and a beta of 3.38. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.87. The firm’s 50 day moving average is $61.29 and its 200 day moving average is $66.91. Square, Inc. has a 1 year low of $49.82 and a 1 year high of $83.20.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $602.00 million for the quarter, compared to analyst estimates of $596.85 million. Square had a negative net margin of 1.35% and a positive return on equity of 2.65%. The firm’s revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. As a group, research analysts anticipate that Square, Inc. will post 0.11 earnings per share for the current year.

In related news, CAO Ajmere Dale sold 2,048 shares of Square stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $62.47, for a total transaction of $127,938.56. Following the sale, the chief accounting officer now directly owns 64,050 shares in the company, valued at approximately $4,001,203.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alyssa Henry sold 20,000 shares of Square stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $60.26, for a total transaction of $1,205,200.00. Following the sale, the insider now owns 442,168 shares in the company, valued at $26,645,043.68. The disclosure for this sale can be found here. Insiders have sold a total of 42,048 shares of company stock worth $2,570,339 over the last ninety days. 21.79% of the stock is currently owned by insiders.

Several equities analysts have commented on SQ shares. Susquehanna Bancshares raised shares of Square from a “neutral” rating to a “positive” rating and set a $77.00 target price on the stock in a report on Friday, October 11th. Jefferies Financial Group set a $78.00 target price on shares of Square and gave the company a “hold” rating in a report on Friday, August 2nd. Needham & Company LLC decreased their target price on shares of Square from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Co raised shares of Square from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, September 26th. Finally, ValuEngine raised shares of Square from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and eighteen have issued a buy rating to the company. Square currently has an average rating of “Hold” and a consensus target price of $72.82.

About Square

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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