Square, Inc. (SQ) Insider Alyssa Henry Sells 75,000 Shares of Stock
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 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.
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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