Square, Inc. (NYSE:SQ) insider Alyssa Henry sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $72.42, for a total value of $5,431,500.00. Following the completion of the sale, the insider now owns 519,544 shares in the company, valued at approximately $37,625,376.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE SQ traded up $0.14 during trading hours on Friday, reaching $72.90. 5,558,108 shares of the stock were exchanged, compared to its average volume of 12,427,137. The firm has a market cap of $28.98 billion, a P/E ratio of -729.00 and a beta of 4.13. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.99. Square, Inc. has a 52 week low of $24.22 and a 52 week high of $75.45.

Square (NYSE:SQ) last announced its earnings results on Wednesday, August 1st. The technology company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.14. The company had revenue of $385.00 million for the quarter, compared to analyst estimates of $367.99 million. Square had a negative return on equity of 3.18% and a negative net margin of 2.30%. The firm’s quarterly revenue was up 60.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 earnings per share. analysts forecast that Square, Inc. will post -0.03 EPS for the current year.

Several research firms have issued reports on SQ. Nomura upped their price objective on Square from $82.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank upped their price objective on Square from $57.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. JPMorgan Chase & Co. upped their price objective on Square from $45.00 to $46.00 and gave the company a “$71.60” rating in a research note on Monday, July 23rd. Morgan Stanley upped their price objective on Square from $43.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, July 19th. Finally, KeyCorp upped their price objective on Square from $70.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, July 30th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $60.04.

Several hedge funds and other institutional investors have recently made changes to their positions in SQ. Lincoln National Corp grew its position in Square by 13.7% during the second quarter. Lincoln National Corp now owns 6,327 shares of the technology company’s stock worth $390,000 after buying an additional 764 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in Square by 19.2% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 5,341 shares of the technology company’s stock worth $329,000 after buying an additional 861 shares in the last quarter. Northstar Capital Management LLC grew its position in Square by 1.2% during the second quarter. Northstar Capital Management LLC now owns 76,435 shares of the technology company’s stock worth $4,711,000 after buying an additional 901 shares in the last quarter. Horan Capital Management grew its position in Square by 7.2% during the second quarter. Horan Capital Management now owns 14,900 shares of the technology company’s stock worth $918,000 after buying an additional 1,000 shares in the last quarter. Finally, Resources Investment Advisors Inc. grew its position in Square by 54.4% during the second quarter. Resources Investment Advisors Inc. now owns 2,980 shares of the technology company’s stock worth $184,000 after buying an additional 1,050 shares in the last quarter. Institutional investors own 51.41% of the company’s stock.

About Square

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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Insider Buying and Selling by Quarter for Square (NYSE:SQ)

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