Natixis Asset Management lowered its stake in Square Inc (NYSE:SQ) by 24.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,528 shares of the technology company’s stock after selling 13,708 shares during the period. Natixis Asset Management’s holdings in Square were worth $1,440,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in SQ. Strs Ohio acquired a new stake in Square in the fourth quarter valued at $110,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Square in the fourth quarter valued at $131,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Square in the fourth quarter valued at $139,000. American International Group Inc. purchased a new stake in shares of Square in the fourth quarter valued at $200,000. Finally, Commerce Bank purchased a new position in Square during the fourth quarter worth about $201,000. 52.21% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on the company. Vetr downgraded Square from a “buy” rating to a “hold” rating and set a $54.08 target price on the stock. in a research report on Monday. SunTrust Banks raised their price objective on Square to $42.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. Canaccord Genuity raised their price objective on Square from $33.00 to $40.00 and gave the stock a “hold” rating in a report on Wednesday, February 28th. Craig Hallum reiterated a “hold” rating and issued a $41.00 target price (up previously from $33.00) on shares of Square in a research note on Wednesday, February 28th. Finally, Credit Suisse Group increased their target price on Square from $37.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $42.68.
Square Inc (SQ) traded down $0.29 during trading on Friday, hitting $54.55. The stock had a trading volume of 8,105,723 shares, compared to its average volume of 15,709,638. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $21,580.00 and a price-to-earnings ratio of -320.78. Square Inc has a twelve month low of $16.11 and a twelve month high of $55.54.
Square (NYSE:SQ) last issued its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Square had a negative return on equity of 6.60% and a negative net margin of 2.84%. The firm had revenue of $616.04 million for the quarter, compared to analyst estimates of $601.63 million. analysts predict that Square Inc will post 0.02 earnings per share for the current year.
In other news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $39.79, for a total value of $15,916,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ajmere Dale sold 1,451 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $40.00, for a total value of $58,040.00. Following the completion of the transaction, the insider now directly owns 109,586 shares in the company, valued at $4,383,440. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,425,177 shares of company stock worth $63,892,753. Corporate insiders own 32.68% of the company’s stock.
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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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