Rand Wealth LLC acquired a new stake in Square Inc (NYSE:SQ) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 16,325 shares of the technology company’s stock, valued at approximately $566,000.

Other large investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in Square by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 46,166 shares of the technology company’s stock valued at $1,084,000 after purchasing an additional 513 shares in the last quarter. Principal Financial Group Inc. increased its stake in Square by 299.3% during the 2nd quarter. Principal Financial Group Inc. now owns 53,031 shares of the technology company’s stock valued at $1,244,000 after purchasing an additional 39,749 shares in the last quarter. BlackRock Inc. increased its stake in Square by 23.0% during the 2nd quarter. BlackRock Inc. now owns 6,618,987 shares of the technology company’s stock valued at $155,282,000 after purchasing an additional 1,235,662 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Square by 90.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 136,309 shares of the technology company’s stock valued at $3,198,000 after purchasing an additional 64,649 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Square by 97.7% during the 2nd quarter. Northern Trust Corp now owns 727,683 shares of the technology company’s stock valued at $17,072,000 after purchasing an additional 359,641 shares in the last quarter. Institutional investors own 54.66% of the company’s stock.

Square Inc (NYSE SQ) opened at $41.02 on Tuesday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $15,940.00 and a price-to-earnings ratio of -241.29. Square Inc has a twelve month low of $13.84 and a twelve month high of $49.56.

Square (NYSE:SQ) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $257.12 million during the quarter, compared to the consensus estimate of $244.95 million. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The firm’s quarterly 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 forecast that Square Inc will post -0.15 EPS for the current year.

A number of brokerages have commented on SQ. Susquehanna Bancshares boosted their price target on shares of Square from $43.00 to $51.00 and gave the company a “positive” rating in a research note on Monday. Stephens reaffirmed a “buy” rating and set a $41.00 price objective on shares of Square in a report on Wednesday, January 10th. Vetr downgraded shares of Square from a “strong-buy” rating to a “buy” rating and set a $48.67 price objective on the stock. in a report on Monday, January 29th. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Monday. Finally, Barclays lifted their price objective on shares of Square from $28.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.96.

In other Square news, CFO Sarah Friar sold 38,400 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $41.46, for a total value of $1,592,064.00. Following the completion of the transaction, the chief financial officer now owns 349,123 shares in the company, valued at $14,474,639.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hillary B. Smith sold 3,459 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $38.95, for a total value of $134,728.05. Following the completion of the transaction, the insider now owns 641,154 shares of the company’s stock, valued at approximately $24,972,948.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,669,532 shares of company stock valued at $65,210,218. 32.68% of the stock is owned by corporate insiders.

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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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Institutional Ownership by Quarter for Square (NYSE:SQ)

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