Pacific Wealth Strategies Group Inc. purchased a new stake in Square, Inc. (NYSE:SQ) during the 4th quarter, Holdings Channel reports. The firm purchased 4,292 shares of the technology company’s stock, valued at approximately $1,036,000.

Several other large investors have also recently made changes to their positions in SQ. Glenmede Trust Co. NA increased its stake in shares of Square by 12.1% in the second quarter. Glenmede Trust Co. NA now owns 7,223 shares of the technology company’s stock valued at $757,000 after purchasing an additional 778 shares during the period. Pinnacle Associates Ltd. acquired a new position in shares of Square during the second quarter valued at approximately $233,000. Cigna Investments Inc. New acquired a new position in shares of Square during the second quarter valued at approximately $383,000. Cerity Partners LLC acquired a new position in shares of Square during the second quarter valued at approximately $220,000. Finally, Great West Life Assurance Co. Can increased its stake in shares of Square by 13.2% during the second quarter. Great West Life Assurance Co. Can now owns 244,645 shares of the technology company’s stock valued at $25,551,000 after acquiring an additional 28,447 shares during the period. Institutional investors own 66.29% of the company’s stock.

SQ traded up $3.40 during trading on Wednesday, hitting $230.92. The stock had a trading volume of 7,304,402 shares, compared to its average volume of 10,124,180. The firm has a market cap of $104.13 billion, a PE ratio of 372.45 and a beta of 2.68. Square, Inc. has a 12 month low of $32.33 and a 12 month high of $246.49. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.92. The company has a 50 day simple moving average of $221.54 and a 200-day simple moving average of $171.00.

Square (NYSE:SQ) last announced its earnings results on Thursday, November 5th. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.16 by $0.18. Square had a net margin of 5.15% and a negative return on equity of 1.20%. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the firm posted $0.25 EPS. The business’s quarterly revenue was up 139.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Square, Inc. will post -0.23 earnings per share for the current fiscal year.

In other news, CFO Amrita Ahuja sold 5,942 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $191.73, for a total transaction of $1,139,259.66. Following the transaction, the chief financial officer now owns 162,940 shares in the company, valued at approximately $31,240,486.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Alyssa Henry sold 10,000 shares of Square stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $173.99, for a total transaction of $1,739,900.00. Following the sale, the insider now owns 423,665 shares in the company, valued at $73,713,473.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,153,655 shares of company stock worth $238,750,693. Insiders own 21.79% of the company’s stock.

A number of research firms recently commented on SQ. Wolfe Research raised their price objective on shares of Square from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, November 6th. Needham & Company LLC raised their price objective on shares of Square from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, December 1st. Jefferies Financial Group raised their price objective on shares of Square from $145.00 to $170.00 and gave the company a “hold” rating in a research note on Tuesday, October 20th. Mizuho lifted their price target on shares of Square from $225.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, November 19th. Finally, The Goldman Sachs Group lifted their price target on shares of Square from $141.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday, November 12th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $170.76.

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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