Schwab Charles Investment Management Inc. increased its stake in shares of Square Inc (NYSE:SQ) by 1,407.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 696,007 shares of the technology company’s stock after acquiring an additional 649,841 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.18% of Square worth $20,052,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Bank of Montreal Can raised its stake in Square by 3,894.2% during the second quarter. Bank of Montreal Can now owns 41,540 shares of the technology company’s stock valued at $974,000 after purchasing an additional 40,500 shares in the last quarter. Aperio Group LLC purchased a new stake in Square during the second quarter valued at $225,000. Great West Life Assurance Co. Can raised its stake in Square by 31.9% during the second quarter. Great West Life Assurance Co. Can now owns 22,659 shares of the technology company’s stock valued at $530,000 after purchasing an additional 5,485 shares in the last quarter. Sei Investments Co. raised its stake in Square by 27.3% during the second quarter. Sei Investments Co. now owns 100,279 shares of the technology company’s stock valued at $2,352,000 after purchasing an additional 21,522 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Square by 22.8% during the second quarter. Teacher Retirement System of Texas now owns 15,660 shares of the technology company’s stock valued at $367,000 after purchasing an additional 2,904 shares in the last quarter. Hedge funds and other institutional investors own 54.20% of the company’s stock.

A number of equities research analysts recently issued reports on SQ shares. Citigroup upped their price target on shares of Square from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Vetr downgraded shares of Square from a “strong-buy” rating to a “buy” rating and set a $30.12 price target on the stock. in a research note on Tuesday, September 12th. Goldman Sachs Group raised shares of Square to a “buy” rating in a research note on Thursday, November 16th. Oppenheimer started coverage on shares of Square in a research note on Thursday, October 12th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.88.

In related news, CFO Sarah Friar sold 38,400 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $28.36, for a total value of $1,089,024.00. Following the transaction, the chief financial officer now owns 366,103 shares of the company’s stock, valued at approximately $10,382,681.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jack Dorsey sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $37.75, for a total transaction of $1,887,500.00. The disclosure for this sale can be found here. Insiders sold a total of 1,599,027 shares of company stock worth $58,943,174 in the last ninety days. 32.68% of the stock is currently owned by insiders.

Square Inc (SQ) opened at $37.75 on Tuesday. Square Inc has a 12 month low of $13.53 and a 12 month high of $49.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81.

Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $257.12 million for the quarter, compared to the consensus estimate of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The firm’s revenue was up 44.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 EPS. analysts forecast that Square Inc will post -0.16 EPS for the current year.

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Square Profile

Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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