Ipswich Investment Management Co. Inc. acquired a new stake in Square, Inc. (NYSE:SQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 860 shares of the technology company’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SQ. Centaurus Financial Inc. acquired a new stake in Square in the 2nd quarter valued at about $100,000. Columbia Asset Management acquired a new stake in Square in the 3rd quarter valued at about $114,000. Panagora Asset Management Inc. acquired a new stake in shares of Square during the 3rd quarter worth about $119,000. Girard Partners LTD. acquired a new stake in shares of Square during the 3rd quarter worth about $138,000. Finally, Rehmann Capital Advisory Group boosted its stake in shares of Square by 649.8% during the 2nd quarter. Rehmann Capital Advisory Group now owns 2,317 shares of the technology company’s stock worth $143,000 after purchasing an additional 2,008 shares during the last quarter. 47.95% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Sivan Whiteley sold 1,875 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $77.70, for a total value of $145,687.50. Following the transaction, the insider now owns 121,708 shares in the company, valued at $9,456,711.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Dorsey sold 103,035 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $73.48, for a total transaction of $7,571,011.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,517,062 shares of company stock worth $168,651,255. Insiders own 27.99% of the company’s stock.

Shares of SQ stock opened at $68.84 on Friday. The stock has a market cap of $27.27 billion, a PE ratio of -688.40, a P/E/G ratio of 32.31 and a beta of 3.79. Square, Inc. has a 1-year low of $36.76 and a 1-year high of $101.15. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.54 and a current ratio of 1.54.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The business had revenue of $431.00 million for the quarter, compared to analyst estimates of $414.19 million. Square had a negative net margin of 0.87% and a negative return on equity of 1.11%. The company’s revenue was up 67.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS. Analysts forecast that Square, Inc. will post -0.02 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on SQ shares. Goldman Sachs Group raised their price target on shares of Square from $77.00 to $108.00 and gave the stock a “buy” rating in a research note on Monday, October 8th. Mizuho raised their price target on shares of Square from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, November 8th. Citigroup raised shares of Square from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Tuesday, November 6th. SunTrust Banks raised their price target on shares of Square to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. They noted that the move was a valuation call. Finally, Canaccord Genuity raised shares of Square from a “hold” rating to a “buy” rating and raised their price target for the stock from $60.00 to $90.00 in a research note on Friday, October 12th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-two have assigned a buy rating to the stock. Square has an average rating of “Buy” and an average price target of $83.82.

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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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