39,100 Shares in Square, Inc. (SQ) Acquired by Caldwell & Orkin Inc.

Caldwell & Orkin Inc. acquired a new stake in shares of Square, Inc. (NYSE:SQ) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 39,100 shares of the technology company’s stock, valued at approximately $1,126,000.

Several other large investors have also added to or reduced their stakes in SQ. Raymond James Trust N.A. lifted its stake in Square by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 15,193 shares of the technology company’s stock valued at $357,000 after acquiring an additional 193 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Square by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 10,212 shares of the technology company’s stock valued at $240,000 after acquiring an additional 212 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Square by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 46,166 shares of the technology company’s stock valued at $1,084,000 after acquiring an additional 513 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Square by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,706 shares of the technology company’s stock valued at $274,000 after acquiring an additional 921 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Square by 19.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after acquiring an additional 1,099 shares in the last quarter. Institutional investors and hedge funds own 53.24% of the company’s stock.

Shares of Square, Inc. (NYSE:SQ) traded up $0.92 during midday trading on Thursday, reaching $40.66. The company’s stock had a trading volume of 20,675,900 shares, compared to its average volume of 7,365,774. 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 52-week low of $11.76 and a 52-week high of $41.80.

Square (NYSE:SQ) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The firm had revenue of $257.12 million for the quarter, compared to analyst estimates of $244.95 million. During the same period in the prior year, the firm posted $0.01 EPS. The company’s revenue for the quarter was up 44.6% on a year-over-year basis. equities analysts forecast that Square, Inc. will post -0.16 earnings per share for the current fiscal year.

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In other news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $39.15, for a total transaction of $15,660,000.00. Following the completion of the sale, the director now directly owns 507,732 shares in the company, valued at approximately $19,877,707.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Ajmere Dale sold 17,446 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $38.98, for a total value of $680,045.08. Following the sale, the chief accounting officer now owns 134,518 shares of the company’s stock, valued at $5,243,511.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,394,791 shares of company stock worth $45,611,401. Insiders own 32.68% of the company’s stock.

Several equities research analysts have commented on the company. Goldman Sachs Group, Inc. (The) upgraded Square to a “buy” rating in a research note on Thursday. Nomura boosted their target price on Square from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research cut Square from a “buy” rating to a “hold” rating in a research note on Tuesday. Jefferies Group LLC boosted their target price on Square from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Monday. Finally, Vetr cut Square from a “strong-buy” rating to a “buy” rating and set a $43.40 target price on the stock. in a research note on Monday. Fourteen analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $32.37.

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.

Institutional Ownership by Quarter for Square (NYSE:SQ)

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