Meiji Yasuda Life Insurance Co decreased its position in shares of Square, Inc. (NYSE:SQ) by 18.6% during the first quarter, HoldingsChannel reports. The firm owned 6,597 shares of the technology company’s stock after selling 1,503 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Square were worth $494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SQ. Bingham Osborn & Scarborough LLC increased its holdings in Square by 0.9% during the 1st quarter. Bingham Osborn & Scarborough LLC now owns 16,673 shares of the technology company’s stock valued at $1,249,000 after purchasing an additional 141 shares during the period. Aldebaran Financial Inc. boosted its position in Square by 0.9% during the 1st quarter. Aldebaran Financial Inc. now owns 17,400 shares of the technology company’s stock valued at $1,304,000 after acquiring an additional 150 shares in the last quarter. Eagle Capital Management LLC boosted its position in Square by 0.4% during the 1st quarter. Eagle Capital Management LLC now owns 39,825 shares of the technology company’s stock valued at $2,984,000 after acquiring an additional 173 shares in the last quarter. Financial Advocates Investment Management boosted its position in Square by 9.0% during the 4th quarter. Financial Advocates Investment Management now owns 2,113 shares of the technology company’s stock valued at $121,000 after acquiring an additional 174 shares in the last quarter. Finally, McGuire Investment Group LLC boosted its position in Square by 4.5% during the 1st quarter. McGuire Investment Group LLC now owns 4,655 shares of the technology company’s stock valued at $349,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 52.11% of the company’s stock.

Shares of SQ opened at $71.86 on Friday. The firm has a market cap of $29.80 billion, a price-to-earnings ratio of 3,593.00, a P/E/G ratio of 11.72 and a beta of 3.42. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.91. Square, Inc. has a 1-year low of $49.82 and a 1-year high of $101.15.

Square (NYSE:SQ) last announced its earnings results on Wednesday, May 1st. The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.09). The company had revenue of $489.00 million for the quarter, compared to analysts’ expectations of $479.63 million. Square had a negative net margin of 1.47% and a positive return on equity of 1.86%. Square’s quarterly revenue was up 59.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Sell-side analysts expect that Square, Inc. will post 0.15 earnings per share for the current year.

SQ has been the topic of a number of analyst reports. Mizuho boosted their price target on Square from $75.00 to $85.00 in a research report on Thursday, February 28th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target (down from $95.00) on shares of Square in a research report on Thursday, May 2nd. ValuEngine cut Square from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 1st. Cantor Fitzgerald reissued a “buy” rating and issued a $91.00 price target on shares of Square in a research report on Wednesday, February 27th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $88.00 price target on shares of Square in a research report on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the company. Square currently has a consensus rating of “Buy” and an average target price of $86.14.

In other news, CEO Jack Dorsey sold 103,035 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $75.08, for a total value of $7,735,867.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alyssa Henry sold 20,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $64.20, for a total value of $1,284,000.00. Following the completion of the sale, the insider now owns 459,793 shares of the company’s stock, valued at $29,518,710.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 425,091 shares of company stock valued at $31,588,655. Company insiders own 21.79% of the company’s stock.

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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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