Cambridge Investment Research Advisors Inc. Has $3.22 Million Position in Square, Inc. (SQ)

Cambridge Investment Research Advisors Inc. lifted its stake in shares of Square, Inc. (NYSE:SQ) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,413 shares of the technology company’s stock after purchasing an additional 5,746 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Square were worth $3,218,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. BB&T Securities LLC raised its stake in shares of Square by 16.6% during the 4th quarter. BB&T Securities LLC now owns 10,902 shares of the technology company’s stock valued at $377,000 after purchasing an additional 1,550 shares during the period. Harwood Advisory Group LLC raised its stake in shares of Square by 3.6% during the 1st quarter. Harwood Advisory Group LLC now owns 49,952 shares of the technology company’s stock valued at $2,456,000 after purchasing an additional 1,717 shares during the period. US Bancorp DE raised its stake in shares of Square by 20.2% during the 4th quarter. US Bancorp DE now owns 10,251 shares of the technology company’s stock valued at $355,000 after purchasing an additional 1,724 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Square by 1,476.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,317 shares of the technology company’s stock valued at $114,000 after purchasing an additional 2,170 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of Square by 78.8% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 4,946 shares of the technology company’s stock valued at $243,000 after purchasing an additional 2,180 shares during the period. Institutional investors own 51.98% of the company’s stock.

SQ has been the topic of a number of analyst reports. Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $58.39 price objective on the stock in a research note on Monday, March 26th. Cantor Fitzgerald restated an “overweight” rating and issued a $51.00 target price (up from $41.00) on shares of Square in a research note on Wednesday, February 28th. ValuEngine upgraded Square from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Credit Suisse Group upped their target price on Square from $37.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Susquehanna Bancshares upped their target price on Square from $43.00 to $51.00 and gave the stock a “positive” rating in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $46.51.

In related news, CFO Sarah Friar sold 39,200 shares of the stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $50.07, for a total transaction of $1,962,744.00. Following the completion of the sale, the chief financial officer now directly owns 346,649 shares in the company, valued at approximately $17,356,715.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacqueline D. Reses sold 15,000 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the sale, the insider now owns 599,961 shares of the company’s stock, valued at $27,106,237.98. The disclosure for this sale can be found here. Insiders have sold a total of 1,310,855 shares of company stock valued at $67,150,508 over the last 90 days. 27.99% of the stock is currently owned by company insiders.

Square opened at $55.77 on Friday, according to Marketbeat. Square, Inc. has a 12-month low of $22.22 and a 12-month high of $58.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market capitalization of $22.07 billion, a PE ratio of -557.70 and a beta of 4.24.

Square (NYSE:SQ) last issued its earnings results on Wednesday, May 2nd. The technology company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $307.00 million during the quarter, compared to analysts’ expectations of $293.07 million. Square had a negative return on equity of 7.03% and a negative net margin of 2.96%. Square’s quarterly revenue was up 50.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. equities research analysts expect that Square, Inc. will post 0.01 EPS for the current year.

Square Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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