Square Inc (SQ) Stake Raised by Eagle Capital Management LLC

Eagle Capital Management LLC lifted its position in Square Inc (NYSE:SQ) by 9.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,373 shares of the technology company’s stock after buying an additional 6,924 shares during the quarter. Eagle Capital Management LLC’s holdings in Square were worth $2,821,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SQ. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Square in the fourth quarter worth about $139,000. Riverhead Capital Management LLC purchased a new stake in shares of Square in the second quarter worth about $149,000. Hudock Capital Group LLC purchased a new stake in Square in the third quarter valued at approximately $157,000. Prudential Financial Inc. purchased a new stake in Square in the third quarter valued at approximately $205,000. Finally, Northeast Investment Management purchased a new stake in Square in the third quarter valued at approximately $205,000. 54.21% of the stock is currently owned by hedge funds and other institutional investors.

Square Inc (SQ) traded up $2.29 during mid-day trading on Friday, hitting $42.56. 23,985,177 shares of the company’s stock traded hands, compared to its average volume of 16,669,117. The stock has a market capitalization of $16,580.00 and a P/E ratio of -250.35. Square Inc has a 52-week low of $13.84 and a 52-week high of $49.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping 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 firm had revenue of $257.12 million for the quarter, compared to the consensus estimate of $244.95 million. During the same period last year, the firm posted $0.01 earnings per share. The business’s revenue was up 44.6% compared to the same quarter last year. equities analysts forecast that Square Inc will post -0.15 EPS for the current fiscal year.

In other news, insider Ajmere Dale sold 20,286 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $39.12, for a total value of $793,588.32. Following the transaction, the insider now owns 134,518 shares in the company, valued at $5,262,344.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hillary B. Smith sold 1,551 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $35.12, for a total transaction of $54,471.12. Following the completion of the transaction, the insider now owns 487,482 shares in the company, valued at approximately $17,120,367.84. The disclosure for this sale can be found here. Insiders sold 1,631,132 shares of company stock worth $63,618,154 in the last 90 days. Company insiders own 32.68% of the company’s stock.

A number of equities research analysts recently weighed in on SQ shares. Goldman Sachs Group raised shares of Square to a “buy” rating in a research note on Thursday, November 16th. Vetr raised shares of Square from a “buy” rating to a “strong-buy” rating and set a $39.78 target price on the stock in a research note on Wednesday, October 25th. Evercore ISI raised shares of Square from an “in-line” rating to an “outperform” rating and set a $51.00 target price on the stock in a research note on Friday, November 17th. Stephens reaffirmed an “overweight” rating and issued a $38.00 target price (up from $34.00) on shares of Square in a research note on Thursday, November 9th. They noted that the move was a valuation call. Finally, Guggenheim raised shares of Square from a “neutral” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $35.37.

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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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