American Century Companies Inc. trimmed its stake in Square, Inc. (NYSE:SQ) by 15.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,543 shares of the technology company’s stock after selling 23,727 shares during the period. American Century Companies Inc.’s holdings in Square were worth $3,876,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Almanack Investment Partners LLC. purchased a new stake in Square during the 2nd quarter valued at about $117,000. Hudock Capital Group LLC purchased a new stake in Square during the 3rd quarter valued at about $157,000. Riverhead Capital Management LLC purchased a new stake in Square during the 2nd quarter valued at about $149,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Square by 19.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after purchasing an additional 1,099 shares during the last quarter. Finally, IFC Holdings Incorporated FL purchased a new stake in Square during the 3rd quarter valued at about $216,000. Hedge funds and other institutional investors own 53.64% of the company’s stock.

Shares of Square, Inc. (NYSE:SQ) traded up $0.05 during trading on Friday, hitting $48.86. The company’s stock had a trading volume of 16,562,670 shares, compared to its average volume of 17,152,278. Square, Inc. has a fifty-two week low of $12.38 and a fifty-two week high of $49.56. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48.

Square (NYSE:SQ) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The business had revenue of $257.12 million during the quarter, compared to analysts’ expectations of $244.95 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The business’s revenue was up 44.6% compared to the same quarter last year. equities research analysts anticipate that Square, Inc. will post -0.16 EPS for the current fiscal year.

Several research firms have weighed in on SQ. Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $51.38 price target on the stock in a research note on Thursday. Wells Fargo & Company initiated coverage on Square in a research note on Tuesday. They issued a “market perform” rating and a $42.00 target price on the stock. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Square in a research note on Monday, November 20th. Credit Suisse Group restated a “positive” rating and issued a $37.00 target price (up previously from $31.00) on shares of Square in a research note on Monday, November 20th. Finally, Evercore ISI upgraded Square from an “in-line” rating to an “outperform” rating and set a $51.00 target price on the stock in a research note on Friday, November 17th. Fourteen investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $33.61.

In other news, CFO Sarah Friar sold 38,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $47.24, for a total value of $1,814,016.00. Following the completion of the sale, the chief financial officer now directly owns 355,566 shares in the company, valued at $16,796,937.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $27.22, for a total value of $10,888,000.00. Following the completion of the sale, the director now owns 507,385 shares of the company’s stock, valued at $13,811,019.70. The disclosure for this sale can be found here. Insiders have sold 1,375,591 shares of company stock valued at $45,952,777 in the last three months. Insiders own 32.68% of the company’s stock.

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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.

Institutional Ownership by Quarter for Square (NYSE:SQ)

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