Square, Inc. (NYSE:SQ) Holdings Decreased by Apriem Advisors

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Apriem Advisors trimmed its holdings in Square, Inc. (NYSE:SQ) by 13.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,775 shares of the technology company’s stock after selling 425 shares during the period. Apriem Advisors’ holdings in Square were worth $201,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bares Capital Management Inc. grew its holdings in Square by 542.2% during the 2nd quarter. Bares Capital Management Inc. now owns 3,616,765 shares of the technology company’s stock worth $262,324,000 after acquiring an additional 3,053,548 shares in the last quarter. Viking Global Investors LP acquired a new stake in Square during the 2nd quarter worth $192,729,000. Hall Kathryn A. acquired a new stake in Square during the 2nd quarter worth $453,000. Marshall Wace North America L.P. boosted its stake in Square by 277.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 221,308 shares of the technology company’s stock worth $16,051,000 after purchasing an additional 162,685 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its stake in Square by 271.7% during the 2nd quarter. Balyasny Asset Management LLC now owns 33,719 shares of the technology company’s stock worth $2,446,000 after purchasing an additional 53,359 shares during the last quarter. Institutional investors own 55.70% of the company’s stock.

In related news, insider Alyssa Henry sold 20,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $61.86, for a total value of $1,237,200.00. Following the sale, the insider now owns 442,168 shares in the company, valued at approximately $27,352,512.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jacqueline D. Reses sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $81.83, for a total transaction of $409,150.00. Following the transaction, the insider now directly owns 373,984 shares of the company’s stock, valued at $30,603,110.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,048 shares of company stock valued at $2,979,489. 21.79% of the stock is owned by company insiders.

Shares of NYSE SQ traded down $0.49 during trading hours on Friday, hitting $61.54. 8,972,370 shares of the company’s stock were exchanged, compared to its average volume of 9,517,302. The company’s 50-day moving average price is $60.82 and its 200-day moving average price is $68.65. 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 stock has a market capitalization of $26.58 billion, a price-to-earnings ratio of 3,077.00, a PEG ratio of 22.37 and a beta of 3.40. Square, Inc. has a 1-year low of $49.82 and a 1-year high of $83.20.

Square (NYSE:SQ) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.20. The company had revenue of $563.00 million for the quarter, compared to analyst estimates of $557.67 million. Square had a positive return on equity of 2.65% and a negative net margin of 1.35%. The company’s revenue was up 46.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. On average, research analysts expect that Square, Inc. will post 0.11 earnings per share for the current year.

Several research analysts have recently commented on the company. Wells Fargo & Co upgraded Square from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Thursday, September 26th. ValuEngine lowered shares of Square from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. BMO Capital Markets boosted their price objective on shares of Square from $91.00 to $92.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Cantor Fitzgerald restated an “overweight” rating on shares of Square in a report on Thursday. Finally, Canaccord Genuity lowered shares of Square from a “buy” rating to a “hold” rating and reduced their price objective for the company from $88.00 to $64.00 in a report on Thursday, September 12th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $74.17.

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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