UBS Oconnor LLC raised its position in shares of Square, Inc. (NYSE:SQ) by 37.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,064 shares of the technology company’s stock after purchasing an additional 11,937 shares during the quarter. UBS Oconnor LLC’s holdings in Square were worth $2,472,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pearl River Capital LLC bought a new stake in shares of Square in the fourth quarter worth approximately $28,000. Johnson Financial Group Inc. bought a new stake in shares of Square in the fourth quarter worth approximately $28,000. TCI Wealth Advisors Inc. grew its stake in shares of Square by 171.5% in the fourth quarter. TCI Wealth Advisors Inc. now owns 524 shares of the technology company’s stock worth $29,000 after acquiring an additional 331 shares during the period. Doyle Wealth Management bought a new stake in shares of Square in the fourth quarter worth approximately $29,000. Finally, Rehmann Capital Advisory Group grew its stake in shares of Square by 70.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 588 shares of the technology company’s stock worth $33,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 52.04% of the company’s stock.

A number of research firms recently issued reports on SQ. Mizuho raised their price objective on shares of Square from $75.00 to $85.00 in a report on Thursday, February 28th. KeyCorp dropped their price objective on shares of Square from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, February 28th. Cantor Fitzgerald reissued a “buy” rating and issued a $91.00 price objective on shares of Square in a report on Wednesday, February 27th. SunTrust Banks raised their price objective on shares of Square to $75.00 and gave the stock a “hold” rating in a report on Thursday, February 28th. Finally, Jefferies Financial Group raised their price objective on shares of Square to $73.00 and gave the stock a “hold” rating in a report on Thursday, February 28th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Square has an average rating of “Buy” and a consensus target price of $84.98.

Shares of Square stock traded down $0.99 on Wednesday, hitting $72.94. 4,570,356 shares of the company traded hands, compared to its average volume of 12,239,370. The stock has a market cap of $31.03 billion, a P/E ratio of 3,647.02, a PEG ratio of 20.33 and a beta of 3.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.07 and a quick ratio of 2.07. Square, Inc. has a 52 week low of $43.72 and a 52 week high of $101.15.

Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, February 27th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $464.00 million for the quarter, compared to analysts’ expectations of $453.88 million. Square had a negative net margin of 1.17% and a positive return on equity of 0.86%. The company’s revenue for the quarter was up 64.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. As a group, equities analysts expect that Square, Inc. will post 0.15 EPS for the current year.

In other news, CEO Jack Dorsey sold 103,035 shares of Square stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $53.89, for a total transaction of $5,552,556.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Ajmere Dale sold 2,048 shares of Square stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $80.00, for a total transaction of $163,840.00. Following the sale, the chief accounting officer now owns 79,985 shares in the company, valued at approximately $6,398,800. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,271,126 shares of company stock worth $90,373,073. Company insiders own 27.99% of the company’s stock.

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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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Institutional Ownership by Quarter for Square (NYSE:SQ)

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