Stephens Investment Management Group LLC decreased its position in Square, Inc. (NYSE:SQ) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,101 shares of the technology company’s stock after selling 34,933 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Square were worth $35,090,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank grew its stake in shares of Square by 1,725.0% in the 2nd quarter. Huntington National Bank now owns 1,825 shares of the technology company’s stock worth $112,000 after acquiring an additional 1,725 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Square by 1,476.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,317 shares of the technology company’s stock worth $114,000 after acquiring an additional 2,170 shares in the last quarter. Thompson Davis & CO. Inc. grew its stake in shares of Square by 736.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 2,510 shares of the technology company’s stock worth $155,000 after acquiring an additional 2,210 shares in the last quarter. NewSquare Capital LLC bought a new stake in shares of Square in the 2nd quarter worth $196,000. Finally, McKinley Carter Wealth Services Inc. bought a new position in Square during the first quarter valued at about $138,000. Hedge funds and other institutional investors own 52.04% of the company’s stock.

In other news, insider Sivan Whiteley sold 1,875 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $69.84, for a total value of $130,950.00. Following the sale, the insider now directly owns 526,299 shares of the company’s stock, valued at $36,756,722.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ajmere Dale sold 5,315 shares of the stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $61.13, for a total transaction of $324,905.95. Following the completion of the sale, the insider now directly owns 126,745 shares in the company, valued at $7,747,921.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,553,260 shares of company stock worth $105,688,054. Insiders own 27.99% of the company’s stock.

Several equities analysts recently weighed in on the stock. Guggenheim increased their price target on shares of Square from $75.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. Stephens lowered shares of Square from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 26th. Royal Bank of Canada increased their price target on shares of Square from $53.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 23rd. Nomura increased their price target on shares of Square from $65.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Square to $60.00 and gave the company an “overweight” rating in a research report on Thursday, August 2nd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $60.89.

NYSE SQ opened at $89.14 on Friday. Square, Inc. has a 52 week low of $24.64 and a 52 week high of $89.22. The stock has a market cap of $33.16 billion, a price-to-earnings ratio of -891.40 and a beta of 4.13. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.99.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.14. Square had a negative net margin of 2.30% and a negative return on equity of 3.18%. The firm had revenue of $385.00 million for the quarter, compared to the consensus estimate of $367.99 million. During the same period in the prior year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was up 60.4% on a year-over-year basis. analysts anticipate that Square, Inc. will post -0.04 earnings per share for the current fiscal year.

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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