Teachers Advisors LLC Increases Position in Square, Inc. (SQ)
Teachers Advisors LLC increased its stake in Square, Inc. (NYSE:SQ) by 25.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 322,253 shares of the technology company’s stock after acquiring an additional 65,737 shares during the period. Teachers Advisors LLC owned about 0.09% of Square worth $7,560,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in SQ. Pacer Advisors Inc. boosted its position in Square by 22.7% during the first quarter. Pacer Advisors Inc. now owns 5,883 shares of the technology company’s stock valued at $102,000 after buying an additional 1,090 shares during the period. Almanack Investment Partners LLC. purchased a new stake in Square during the second quarter valued at about $117,000. Riverhead Capital Management LLC purchased a new stake in Square during the second quarter valued at about $149,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Square by 19.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after buying an additional 1,099 shares during the period. Finally, FNY Partners Fund LP boosted its position in Square by 55.4% during the first quarter. FNY Partners Fund LP now owns 10,100 shares of the technology company’s stock valued at $174,000 after buying an additional 3,600 shares during the period. Institutional investors own 53.83% of the company’s stock.
In other news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $25.02, for a total value of $10,008,000.00. Following the completion of the sale, the director now owns 507,385 shares of the company’s stock, valued at approximately $12,694,772.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah Friar sold 19,200 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $26.25, for a total transaction of $504,000.00. Following the completion of the sale, the chief financial officer now directly owns 368,791 shares of the company’s stock, valued at approximately $9,680,763.75. The disclosure for this sale can be found here. Insiders sold a total of 972,800 shares of company stock valued at $25,520,512 in the last ninety days. Corporate insiders own 32.68% of the company’s stock.
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Square, Inc. (NYSE SQ) opened at 30.76 on Friday. The company has a 50-day moving average of $27.34 and a 200-day moving average of $23.25. Square, Inc. has a 1-year low of $10.88 and a 1-year high of $30.90. The company’s market capitalization is $11.80 billion. Square also saw some unusual options trading activity on Wednesday. Stock traders purchased 35,867 call options on the stock. This is an increase of 916% compared to the typical volume of 3,529 call options.
Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The company had revenue of $240.00 million during the quarter, compared to analysts’ expectations of $228.64 million. Square had a negative net margin of 4.13% and a negative return on equity of 12.41%. The firm’s quarterly revenue was up 40.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.08) EPS. Equities analysts expect that Square, Inc. will post $0.24 EPS for the current fiscal year.
Several research firms have issued reports on SQ. Zacks Investment Research lowered shares of Square from a “buy” rating to a “hold” rating in a research report on Wednesday. Vetr lowered shares of Square from a “buy” rating to a “hold” rating and set a $31.08 price target for the company. in a research report on Wednesday. KeyCorp upped their price target on shares of Square from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday. Tigress Financial restated a “buy” rating on shares of Square in a research report on Monday, September 25th. Finally, Cantor Fitzgerald began coverage on shares of Square in a research report on Tuesday, September 12th. They set an “overweight” rating and a $31.00 price target for the company. Thirteen analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $25.24.
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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