18,400 Shares in Square Inc (SQ) Purchased by Old Mutual Global Investors UK Ltd.

Old Mutual Global Investors UK Ltd. acquired a new stake in Square Inc (NYSE:SQ) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 18,400 shares of the technology company’s stock, valued at approximately $637,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Strs Ohio acquired a new stake in Square in the 4th quarter valued at about $110,000. Harvest Fund Management Co. Ltd acquired a new stake in Square in the 4th quarter valued at about $131,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Square in the 4th quarter valued at about $139,000. Hudock Capital Group LLC acquired a new stake in Square in the 3rd quarter valued at about $157,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Square in the 4th quarter valued at about $208,000. Hedge funds and other institutional investors own 53.77% of the company’s stock.

Square Inc (NYSE:SQ) opened at $44.11 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. Square Inc has a one year low of $13.99 and a one year high of $49.56.

In other news, insider Ajmere Dale sold 2,814 shares of Square stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $37.23, for a total value of $104,765.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sarah Friar sold 38,400 shares of Square stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $47.24, for a total transaction of $1,814,016.00. Following the completion of the sale, the chief financial officer now owns 355,566 shares in the company, valued at $16,796,937.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,266,741 shares of company stock worth $49,532,769. Insiders own 32.68% of the company’s stock.

Several research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Tuesday, January 23rd. Barclays raised their target price on shares of Square from $28.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Stephens reaffirmed a “buy” rating and issued a $41.00 target price on shares of Square in a research note on Wednesday, January 10th. Wells Fargo & Co assumed coverage on shares of Square in a research note on Tuesday, November 21st. They issued a “market perform” rating and a $42.00 target price on the stock. Finally, Deutsche Bank raised their target price on shares of Square to $37.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have issued a buy rating to the stock. Square presently has an average rating of “Buy” and a consensus target price of $37.13.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://stocknewstimes.com/2018/02/18/18400-shares-in-square-inc-sq-purchased-by-old-mutual-global-investors-uk-ltd.html.

Square 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.

Want to see what other hedge funds are holding SQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Square Inc (NYSE:SQ).

Institutional Ownership by Quarter for Square (NYSE:SQ)

Receive News & Ratings for Square Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply