Keybank National Association OH grew its stake in Square, Inc. (NYSE:SQ) by 6.1% during the second quarter, Holdings Channel.com reports. The fund owned 324,097 shares of the technology company’s stock after acquiring an additional 18,690 shares during the period. Keybank National Association OH’s holdings in Square were worth $23,507,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SQ. AdvisorNet Financial Inc increased its position in shares of Square by 1.5% during the second quarter. AdvisorNet Financial Inc now owns 9,338 shares of the technology company’s stock valued at $677,000 after acquiring an additional 140 shares during the last quarter. Bingham Osborn & Scarborough LLC boosted its stake in Square by 0.9% during the 1st quarter. Bingham Osborn & Scarborough LLC now owns 16,673 shares of the technology company’s stock worth $1,249,000 after purchasing an additional 141 shares during the period. Atlantic Trust LLC boosted its stake in Square by 38.9% during the 2nd quarter. Atlantic Trust LLC now owns 521 shares of the technology company’s stock worth $38,000 after purchasing an additional 146 shares during the period. Aldebaran Financial Inc. boosted its stake in Square by 0.9% during the 1st quarter. Aldebaran Financial Inc. now owns 17,400 shares of the technology company’s stock worth $1,304,000 after purchasing an additional 150 shares during the period. Finally, Eagle Capital Management LLC boosted its stake in Square by 0.4% during the 1st quarter. Eagle Capital Management LLC now owns 39,825 shares of the technology company’s stock worth $2,984,000 after purchasing an additional 173 shares during the period. 52.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of SQ traded down $1.21 during trading hours on Wednesday, reaching $61.09. The company had a trading volume of 3,095,307 shares, compared to its average volume of 10,849,350. The firm has a 50 day moving average of $74.78. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $27.77 billion, a P/E ratio of 3,054.25, a price-to-earnings-growth ratio of 22.09 and a beta of 3.31. Square, Inc. has a 12-month low of $49.82 and a 12-month high of $101.15.

Square (NYSE:SQ) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.20. The business had revenue of $563.00 million during the quarter, compared to the consensus estimate of $557.67 million. Square had a negative net margin of 1.35% and a positive return on equity of 2.65%. The business’s revenue was up 46.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. Equities research analysts predict that Square, Inc. will post 0.12 earnings per share for the current year.

In other news, insider Ajmere Dale sold 2,296 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $60.86, for a total value of $139,734.56. Following the completion of the transaction, the insider now owns 79,725 shares in the company, valued at approximately $4,852,063.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline D. Reses sold 5,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $73.26, for a total transaction of $366,300.00. Following the completion of the transaction, the insider now owns 399,914 shares of the company’s stock, valued at approximately $29,297,699.64. The disclosure for this sale can be found here. Insiders sold a total of 57,249 shares of company stock valued at $4,269,625 in the last quarter. Insiders own 21.79% of the company’s stock.

A number of brokerages recently weighed in on SQ. Raymond James upgraded shares of Square from an “underperform” rating to a “market perform” rating and set a $74.15 price target for the company in a research note on Tuesday, July 9th. Guggenheim reiterated a “buy” rating and set a $80.00 price target (down previously from $94.00) on shares of Square in a research note on Monday, August 5th. ValuEngine cut shares of Square from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Nomura increased their price target on shares of Square from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, June 28th. Finally, BMO Capital Markets raised their target price on shares of Square from $91.00 to $92.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $84.44.

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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