Tributary Capital Management LLC Has $1.46 Million Holdings in Square, Inc. (NYSE:SQ)

Tributary Capital Management LLC cut its holdings in Square, Inc. (NYSE:SQ) by 5.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,400 shares of the technology company’s stock after selling 1,220 shares during the period. Tributary Capital Management LLC’s holdings in Square were worth $1,464,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Cresset Asset Management LLC grew its stake in Square by 6.6% during the second quarter. Cresset Asset Management LLC now owns 2,940 shares of the technology company’s stock worth $213,000 after buying an additional 181 shares in the last quarter. Hilltop Holdings Inc. grew its stake in Square by 4.2% during the second quarter. Hilltop Holdings Inc. now owns 4,776 shares of the technology company’s stock worth $347,000 after buying an additional 191 shares in the last quarter. Berkeley Capital Partners LLC grew its stake in Square by 2.4% during the third quarter. Berkeley Capital Partners LLC now owns 8,462 shares of the technology company’s stock worth $524,000 after buying an additional 195 shares in the last quarter. Trustcore Financial Services LLC grew its stake in Square by 5.1% during the third quarter. Trustcore Financial Services LLC now owns 4,117 shares of the technology company’s stock worth $255,000 after buying an additional 200 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in Square by 39.1% during the third quarter. Benjamin Edwards Inc. now owns 712 shares of the technology company’s stock worth $44,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 57.81% of the company’s stock.

A number of brokerages have issued reports on SQ. Susquehanna Bancshares upgraded shares of Square from a “neutral” rating to a “positive” rating and set a $77.00 price objective on the stock in a research note on Friday, October 11th. Bank of America upgraded shares of Square from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $70.00 to $75.00 in a research note on Tuesday, January 7th. Wolfe Research downgraded shares of Square from an “outperform” rating to a “peer perform” rating and set a $70.00 price objective on the stock. in a research note on Monday, January 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $91.00 price objective on shares of Square in a research note on Thursday, October 10th. Finally, Zacks Investment Research downgraded shares of Square from a “buy” rating to a “hold” rating and set a $71.00 price objective on the stock. in a research note on Thursday, January 9th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. Square has a consensus rating of “Hold” and an average target price of $72.25.

In related news, insider Jacqueline D. Reses sold 28,568 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $67.00, for a total value of $1,914,056.00. Following the completion of the transaction, the insider now owns 253,035 shares in the company, valued at approximately $16,953,345. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jacqueline D. Reses sold 82,720 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $63.64, for a total transaction of $5,264,300.80. Following the completion of the transaction, the insider now owns 248,534 shares of the company’s stock, valued at approximately $15,816,703.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,743 shares of company stock valued at $14,142,694. 21.79% of the stock is owned by company insiders.

Shares of NYSE SQ opened at $69.52 on Friday. The company has a 50 day simple moving average of $65.82 and a 200 day simple moving average of $66.05. The firm has a market cap of $29.29 billion, a PE ratio of 3,476.00, a price-to-earnings-growth ratio of 23.31 and a beta of 3.30. Square, Inc. has a 1 year low of $54.41 and a 1 year high of $83.20. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.68 and a quick ratio of 1.68.

Square (NYSE:SQ) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $602.00 million during the quarter, compared to analyst estimates of $596.85 million. Square had a negative net margin of 1.01% and a positive return on equity of 5.72%. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the business earned $0.13 EPS. As a group, research analysts anticipate that Square, Inc. will post 0.12 earnings per share for the current fiscal year.

Square 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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