Cognios Capital LLC Acquires 23,817 Shares of Square Inc (SQ)
Cognios Capital LLC boosted its holdings in Square Inc (NYSE:SQ) by 253.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,213 shares of the technology company’s stock after purchasing an additional 23,817 shares during the period. Cognios Capital LLC’s holdings in Square were worth $1,151,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Allianz Asset Management GmbH raised its stake in shares of Square by 31.0% during the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock valued at $383,235,000 after acquiring an additional 3,147,558 shares during the last quarter. Jennison Associates LLC bought a new position in shares of Square during the fourth quarter valued at about $86,426,000. Whale Rock Capital Management LLC bought a new position in shares of Square during the third quarter valued at about $44,337,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Square during the third quarter valued at about $36,574,000. Finally, BlackRock Inc. raised its stake in shares of Square by 23.0% during the second quarter. BlackRock Inc. now owns 6,618,987 shares of the technology company’s stock valued at $155,282,000 after acquiring an additional 1,235,662 shares during the last quarter. 54.66% of the stock is owned by institutional investors and hedge funds.
In other news, insider Ajmere Dale sold 1,451 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $40.00, for a total transaction of $58,040.00. Following the sale, the insider now owns 109,586 shares in the company, valued at $4,383,440. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Hillary B. Smith sold 75,103 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $37.56, for a total transaction of $2,820,868.68. Following the sale, the insider now owns 563,798 shares in the company, valued at approximately $21,176,252.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,648,627 shares of company stock worth $64,395,445. Corporate insiders own 32.68% of the company’s stock.
Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $257.12 million for the quarter, compared to analysts’ expectations of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The business’s revenue was up 44.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. equities analysts expect that Square Inc will post -0.15 EPS for the current year.
Several equities analysts have recently commented on the stock. Vetr downgraded shares of Square from a “buy” rating to a “hold” rating and set a $45.60 price objective for the company. in a research note on Monday, November 20th. Cantor Fitzgerald upped their price objective on shares of Square to $41.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Oppenheimer reaffirmed a “buy” rating on shares of Square in a research note on Monday, November 20th. Evercore ISI raised shares of Square from an “in-line” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Friday, November 17th. Finally, Zacks Investment Research downgraded shares of Square from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $36.96.
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Square Company Profile
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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