James Morgan Jr. Mckelvey Sells 400,000 Shares of Square Inc (SQ) Stock

Square Inc (NYSE:SQ) Director James Morgan Jr. Mckelvey sold 400,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $39.79, for a total transaction of $15,916,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

James Morgan Jr. Mckelvey also recently made the following trade(s):

  • On Monday, December 11th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The shares were sold at an average price of $38.15, for a total transaction of $15,260,000.00.
  • On Monday, November 13th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The shares were sold at an average price of $39.15, for a total transaction of $15,660,000.00.

Shares of Square Inc (SQ) opened at $42.56 on Friday. The stock has a market cap of $16,540.00 and a PE ratio of -250.35. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. Square Inc has a 1 year low of $13.84 and a 1 year high of $49.56.

Square (NYSE:SQ) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $257.12 million during the quarter, compared to analysts’ expectations of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The firm’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS. analysts expect that Square Inc will post -0.15 earnings per share for the current fiscal year.

SQ has been the subject of a number of research reports. Goldman Sachs Group raised shares of Square to a “buy” rating in a report on Thursday, November 16th. Vetr raised shares of Square from a “buy” rating to a “strong-buy” rating and set a $39.78 price target for the company in a report on Wednesday, October 25th. Evercore ISI raised shares of Square from an “in-line” rating to an “outperform” rating and set a $51.00 price target for the company in a report on Friday, November 17th. Stephens reissued an “overweight” rating and issued a $38.00 price target (up from $34.00) on shares of Square in a report 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 price target for the company in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. Square currently has an average rating of “Buy” and an average price target of $35.83.

Institutional investors have recently made changes to their positions in the stock. Atlantic Trust Group LLC acquired a new stake in shares of Square during the 3rd quarter worth about $1,143,000. California Public Employees Retirement System increased its position in shares of 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 in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of 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 in the last quarter. Kessler Investment Group LLC increased its position in shares of Square by 133.1% during the 4th quarter. Kessler Investment Group LLC now owns 11,725 shares of the technology company’s stock worth $407,000 after purchasing an additional 6,695 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in shares of Square during the 3rd quarter worth about $36,574,000. Institutional investors and hedge funds own 54.21% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Square (NYSE:SQ)

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