Square, Inc. (NYSE:SQ) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its position in Square, Inc. (NYSE:SQ) by 51.3% in the second quarter, Holdings Channel reports. The firm owned 1,328,943 shares of the technology company’s stock after acquiring an additional 450,306 shares during the period. Deutsche Bank AG’s holdings in Square were worth $323,995,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sfmg LLC lifted its stake in Square by 3.6% in the second 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 raised its position 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 purchasing an additional 45 shares during the last quarter. Morris Retirement Advisors LLC raised its position 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 purchasing an additional 48 shares during the last quarter. Orser Capital Management LLC boosted its stake in Square by 0.6% during the 1st quarter. Orser Capital Management LLC now owns 8,655 shares of the technology company’s stock worth $1,965,000 after purchasing an additional 50 shares during the period. Finally, Rice Partnership LLC grew its position in Square by 3.8% during the 2nd quarter. Rice Partnership LLC now owns 1,360 shares of the technology company’s stock worth $332,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 62.65% of the company’s stock.

Shares of SQ stock opened at $250.23 on Tuesday. 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 market cap of $115.03 billion, a PE ratio of 219.50, a P/E/G ratio of 10.06 and a beta of 2.43. The company’s fifty day simple moving average is $259.91 and its 200-day simple moving average is $241.35. Square, Inc. has a 52 week low of $139.31 and a 52 week high of $289.23.

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

SQ has been the topic of a number of research reports. Royal Bank of Canada raised their price target on Square from $305.00 to $312.00 and gave the stock an “outperform” rating in a report on Tuesday, August 3rd. Evercore ISI boosted their target price on Square from $361.00 to $371.00 and gave the company an “outperform” rating in a report on Wednesday, September 15th. DA Davidson began coverage on Square in a research note on Wednesday, June 23rd. They set a “buy” rating and a $275.00 price target for the company. TheStreet raised Square from a “c” rating to a “b-” rating in a report on Tuesday, August 17th. Finally, Barclays raised their price target on Square from $340.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, August 4th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $270.58.

In other Square news, CFO Amrita Ahuja sold 5,827 shares of the company’s stock in a transaction that occurred on Wednesday, June 23rd. The stock was sold at an average price of $239.82, for a total transaction of $1,397,431.14. Following the sale, the chief financial officer now owns 155,644 shares in the company, valued at $37,326,544.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sivan Whiteley sold 8,119 shares of the business’s stock in a transaction that occurred on Tuesday, September 7th. The shares were sold at an average price of $266.28, for a total value of $2,161,927.32. The disclosure for this sale can be found here. Insiders have sold a total of 493,992 shares of company stock worth $124,873,619 over the last three months. 15.12% of the stock is currently 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.

Read More: Net Asset Value

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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