Capital Investment Advisory Services LLC trimmed its holdings in shares of Square Inc (NYSE:SQ) by 13.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,525 shares of the technology company’s stock after selling 2,000 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Square were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in SQ. Almanack Investment Partners LLC. acquired a new stake in Square during the 2nd quarter worth about $117,000. Hudock Capital Group LLC acquired a new stake in Square during the 3rd quarter worth about $157,000. Riverhead Capital Management LLC acquired a new stake in Square during the 2nd quarter worth about $149,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Square by 19.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock worth $158,000 after acquiring an additional 1,099 shares during the period. Finally, IFC Holdings Incorporated FL acquired a new stake in Square during the 3rd quarter worth about $216,000. Hedge funds and other institutional investors own 54.04% of the company’s stock.

In related news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $25.02, for a total transaction of $10,008,000.00. Following the completion of the sale, the director now directly owns 507,385 shares of the company’s stock, valued at $12,694,772.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sarah Friar sold 38,400 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $25.58, for a total transaction of $982,272.00. Following the sale, the chief financial officer now directly owns 366,103 shares of the company’s stock, valued at $9,364,914.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,353,600 shares of company stock valued at $38,351,040. Company insiders own 32.68% of the company’s stock.

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A number of analysts have commented on SQ shares. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price target (up previously from $20.00) on shares of Square in a research report on Thursday, August 3rd. Zacks Investment Research raised Square from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $29.00 price objective (up previously from $23.00) on shares of Square in a report on Sunday, July 30th. Deutsche Bank AG boosted their price objective on Square to $28.00 and gave the company a “buy” rating in a report on Monday, July 24th. Finally, BidaskClub cut Square from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 5th. Twelve research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $28.14.

Square Inc (NYSE SQ) traded up $0.42 during trading hours on Friday, reaching $36.89. The company’s stock had a trading volume of 6,615,572 shares, compared to its average volume of 7,510,000. Square Inc has a one year low of $11.43 and a one year high of $37.52. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.30 and a current ratio of 2.30.

Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $240.00 million during the quarter, compared to analyst estimates of $228.64 million. Square had a negative net margin of 4.13% and a negative return on equity of 12.41%. The business’s revenue for the quarter was up 40.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. analysts anticipate that Square Inc will post -0.16 EPS for the current fiscal year.

About Square

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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