Gulf International Bank UK Ltd Purchases New Holdings in Square Inc (SQ)

Gulf International Bank UK Ltd purchased a new position in shares of Square Inc (NYSE:SQ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 80,000 shares of the technology company’s stock, valued at approximately $2,773,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Trust Group LLC bought a new position in Square during the 3rd quarter worth approximately $1,143,000. California Public Employees Retirement System raised its holdings in Square by 10.3% during the 2nd quarter. California Public Employees Retirement System now owns 353,700 shares of the technology company’s stock worth $8,298,000 after purchasing an additional 33,100 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in 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 during the last quarter. Nomura Asset Management Co. Ltd. bought a new position in Square during the 3rd quarter worth approximately $36,574,000. Finally, California State Teachers Retirement System grew its position in shares of Square by 285.7% during the 2nd quarter. California State Teachers Retirement System now owns 395,757 shares of the technology company’s stock worth $9,284,000 after buying an additional 293,137 shares during the period. Hedge funds and other institutional investors own 54.21% of the company’s stock.

SQ has been the subject of several recent analyst reports. Vetr raised shares of Square from a “hold” rating to a “buy” rating and set a $32.51 price objective for the company in a research report on Monday, October 9th. Royal Bank of Canada reaffirmed a “buy” rating and set a $31.00 price objective on shares of Square in a research report on Sunday, October 8th. Tigress Financial reaffirmed a “buy” rating on shares of Square in a research report on Monday, September 25th. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Monday, September 25th. Finally, Citigroup raised their price objective on shares of Square from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $35.37.

In other Square news, insider Ajmere Dale sold 1,451 shares of Square stock in a transaction on Friday, January 5th. The shares were sold at an average price of $40.00, for a total transaction of $58,040.00. Following the transaction, the insider now directly owns 109,586 shares of the company’s stock, valued at approximately $4,383,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hillary B. Smith sold 3,459 shares of Square stock in a transaction on Friday, November 10th. The stock was sold at an average price of $38.95, for a total transaction of $134,728.05. Following the transaction, the insider now directly owns 641,154 shares in the company, valued at $24,972,948.30. The disclosure for this sale can be found here. Insiders have sold a total of 1,231,132 shares of company stock worth $47,702,154 over the last ninety days. Insiders own 32.68% of the company’s stock.

Square Inc (SQ) opened at $40.06 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.81 and a current ratio of 1.81. The stock has a market cap of $15,278.42, a price-to-earnings ratio of -250.38, a price-to-earnings-growth ratio of 209.71 and a beta of 4.81. Square Inc has a fifty-two week low of $13.84 and a fifty-two week high of $49.56.

Square (NYSE:SQ) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The firm had revenue of $257.12 million for the quarter, compared to the consensus estimate of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The business’s revenue for the quarter was up 44.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. sell-side analysts anticipate that Square Inc will post -0.15 earnings per share for the current fiscal year.

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Square Company Profile

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.

Institutional Ownership by Quarter for Square (NYSE:SQ)

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