O Shaughnessy Asset Management LLC Acquires 188 Shares of Square, Inc. (NYSE:SQ)

O Shaughnessy Asset Management LLC grew its holdings in shares of Square, Inc. (NYSE:SQ) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,034 shares of the technology company’s stock after purchasing an additional 188 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Square were worth $983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Sfmg LLC grew its stake in Square by 3.6% in the 2nd quarter. Sfmg LLC now owns 1,129 shares of the technology company’s stock valued at $275,000 after buying an additional 39 shares during the last quarter. Mirador Capital Partners LP grew its stake in Square by 2.0% in the 2nd quarter. Mirador Capital Partners LP now owns 2,271 shares of the technology company’s stock valued at $554,000 after buying an additional 45 shares during the last quarter. Morris Retirement Advisors LLC grew its stake in Square by 3.3% in the 2nd quarter. Morris Retirement Advisors LLC now owns 1,483 shares of the technology company’s stock valued at $362,000 after buying an additional 48 shares during the last quarter. Orser Capital Management LLC grew its stake in Square by 0.6% in the 1st quarter. Orser Capital Management LLC now owns 8,655 shares of the technology company’s stock valued at $1,965,000 after buying an additional 50 shares during the last quarter. Finally, Rice Partnership LLC grew its stake in Square by 3.8% in the 2nd quarter. Rice Partnership LLC now owns 1,360 shares of the technology company’s stock valued at $332,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 62.65% of the company’s stock.

A number of research analysts recently issued reports on the stock. Barclays raised their target price on shares of Square from $340.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, August 4th. Moffett Nathanson restated a “buy” rating and issued a $300.00 price target on shares of Square in a research report on Friday, July 9th. BTIG Research raised their price target on shares of Square from $295.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. Robert W. Baird restated a “hold” rating and issued a $250.00 price target on shares of Square in a research report on Thursday, August 5th. Finally, Cowen upgraded shares of Square from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $266.00 to $343.00 in a research report on Tuesday, August 3rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $267.85.

Shares of NYSE SQ opened at $247.05 on Wednesday. Square, Inc. has a 1-year low of $139.31 and a 1-year high of $289.23. The company has a market cap of $113.57 billion, a PE ratio of 216.71, a P/E/G ratio of 9.78 and a beta of 2.43. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.77. The company has a 50-day moving average of $259.03 and a two-hundred day moving average of $240.90.

Square (NYSE:SQ) last issued its quarterly earnings results on Saturday, July 31st. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.31 by $0.35. Square had a net margin of 3.60% and a return on equity of 16.94%. The company had revenue of $4.68 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same quarter in the previous year, the company earned $0.18 EPS. Square’s revenue was up 143.3% on a year-over-year basis. As a group, equities research analysts forecast that Square, Inc. will post 0.81 earnings per share for the current year.

In related news, CFO Amrita Ahuja sold 5,827 shares of the business’s stock in a transaction that occurred on Wednesday, June 23rd. The shares were sold at an average price of $239.82, for a total transaction of $1,397,431.14. Following the completion of the transaction, the chief financial officer now owns 155,644 shares in the company, valued at $37,326,544.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Ajmere Dale sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 29th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the transaction, the chief accounting officer now owns 41,293 shares of the company’s stock, valued at approximately $10,323,250. The disclosure for this sale can be found here. In the last quarter, insiders have sold 493,992 shares of company stock valued at $124,873,619. 15.12% of the stock is owned by corporate insiders.

Square Company 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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