Strs Ohio Acquires Shares of 3,180 Square Inc (SQ)
Strs Ohio acquired a new stake in Square Inc (NYSE:SQ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,180 shares of the technology company’s stock, valued at approximately $110,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Square during the fourth quarter valued at approximately $139,000. Hudock Capital Group LLC bought a new stake in Square during the third quarter valued at approximately $157,000. Prudential Financial Inc. bought a new stake in Square during the third quarter valued at approximately $205,000. Northeast Investment Management bought a new stake in Square during the third quarter valued at approximately $205,000. Finally, Banque Pictet & Cie SA bought a new stake in Square during the third quarter valued at approximately $213,000. Institutional investors own 53.77% of the company’s stock.
Square Inc (NYSE SQ) opened at $41.85 on Thursday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. Square Inc has a one year low of $13.84 and a one year high of $49.56. The company has a market cap of $16,260.00 and a price-to-earnings ratio of -246.18.
SQ has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of Square from $26.00 to $40.00 and gave the company a “hold” rating in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Citigroup lifted their target price on shares of Square from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Goldman Sachs Group upgraded shares of Square to a “buy” rating in a research report on Thursday, November 16th. BTIG Research lowered shares of Square from a “neutral” rating to a “sell” rating and lifted their target price for the company from $12.38 to $30.00 in a research report on Monday, November 27th. Finally, Nomura lifted their target price on shares of Square from $33.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. Square presently has a consensus rating of “Buy” and an average target price 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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