Capital Advisors Ltd. LLC Acquires New Position in Square, Inc. (NYSE:SQ)

Capital Advisors Ltd. LLC acquired a new stake in Square, Inc. (NYSE:SQ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 900 shares of the technology company’s stock, valued at approximately $56,000.

A number of other institutional investors have also recently made changes to their positions in SQ. AdvisorNet Financial Inc grew its holdings in shares of Square by 51.7% during the third quarter. AdvisorNet Financial Inc now owns 14,163 shares of the technology company’s stock valued at $877,000 after purchasing an additional 4,825 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Square by 576.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 248,300 shares of the technology company’s stock valued at $15,382,000 after purchasing an additional 211,600 shares during the last quarter. State of Michigan Retirement System grew its holdings in shares of Square by 4.7% during the third quarter. State of Michigan Retirement System now owns 225,000 shares of the technology company’s stock valued at $13,939,000 after purchasing an additional 10,000 shares during the last quarter. World Asset Management Inc grew its holdings in shares of Square by 5.6% during the third quarter. World Asset Management Inc now owns 11,391 shares of the technology company’s stock valued at $706,000 after purchasing an additional 601 shares during the last quarter. Finally, Aldebaran Financial Inc. grew its holdings in shares of Square by 22.3% during the third quarter. Aldebaran Financial Inc. now owns 21,335 shares of the technology company’s stock valued at $1,315,000 after purchasing an additional 3,885 shares during the last quarter. 56.07% of the stock is owned by hedge funds and other institutional investors.

Square stock opened at $61.72 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $25.13 billion, a price-to-earnings ratio of 3,086.00, a PEG ratio of 21.15 and a beta of 3.40. Square, Inc. has a one year low of $49.82 and a one year high of $83.20. The company’s fifty day moving average price is $60.60 and its two-hundred day moving average price is $67.77.

Square (NYSE:SQ) last posted its earnings results on Thursday, August 1st. The technology company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.20. The firm had revenue of $563.00 million for the quarter, compared to the consensus estimate of $557.67 million. Square had a negative net margin of 1.35% and a positive return on equity of 2.65%. The business’s quarterly revenue was up 46.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. As a group, sell-side analysts anticipate that Square, Inc. will post 0.11 earnings per share for the current year.

In other Square news, insider Jacqueline D. Reses sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $81.83, for a total transaction of $409,150.00. Following the completion of the sale, the insider now directly owns 373,984 shares in the company, valued at $30,603,110.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alyssa Henry sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $60.26, for a total transaction of $1,205,200.00. Following the sale, the insider now owns 442,168 shares of the company’s stock, valued at $26,645,043.68. The disclosure for this sale can be found here. Insiders have sold 47,048 shares of company stock worth $2,979,489 over the last three months. Company insiders own 21.79% of the company’s stock.

Several brokerages have recently issued reports on SQ. UBS Group began coverage on Square in a research report on Monday, October 14th. They set a “buy” rating and a $81.00 price objective for the company. Evercore ISI set a $50.00 target price on Square and gave the stock a “sell” rating in a research report on Tuesday, September 24th. Citigroup cut their price objective on Square from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Needham & Company LLC set a $90.00 price objective on Square and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, Rosenblatt Securities assumed coverage on Square in a research report on Monday, August 19th. They set a “neutral” rating and a $68.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $74.39.

Square Company Profile

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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