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.
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.
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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.
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