BRYN MAWR TRUST Co acquired a new stake in shares of Square, Inc. (NYSE:SQ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,015 shares of the technology company’s stock, valued at approximately $248,000.

Several other large investors have also made changes to their positions in the stock. Huntington National Bank boosted its holdings in shares of Square by 1,725.0% in the second quarter. Huntington National Bank now owns 1,825 shares of the technology company’s stock valued at $112,000 after acquiring an additional 1,725 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Square by 1,476.2% in the first quarter. Envestnet Asset Management Inc. now owns 2,317 shares of the technology company’s stock valued at $114,000 after acquiring an additional 2,170 shares in the last quarter. Thompson Davis & CO. Inc. boosted its holdings in shares of Square by 736.7% in the second quarter. Thompson Davis & CO. Inc. now owns 2,510 shares of the technology company’s stock valued at $155,000 after acquiring an additional 2,210 shares in the last quarter. NewSquare Capital LLC bought a new position in shares of Square in the second quarter valued at approximately $196,000. Finally, McKinley Carter Wealth Services Inc. bought a new position in shares of Square in the first quarter valued at approximately $138,000. 51.95% of the stock is owned by institutional investors and hedge funds.

SQ stock opened at $90.44 on Thursday. Square, Inc. has a 12 month low of $26.67 and a 12 month high of $92.92. The company has a market cap of $36.93 billion, a P/E ratio of -904.40 and a beta of 4.35. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.99.

Square (NYSE:SQ) last released its earnings results on Wednesday, August 1st. The technology company reported $0.13 EPS for the quarter, beating the consensus estimate 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 business had revenue of $385.00 million during the quarter, compared to analyst estimates of $367.99 million. During the same period in the prior year, the business earned $0.07 earnings per share. The business’s quarterly revenue was up 60.4% on a year-over-year basis. equities analysts predict that Square, Inc. will post -0.04 earnings per share for the current fiscal year.

Several research firms have recently issued reports on SQ. Guggenheim increased their price objective on shares of Square from $75.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, August 29th. Nomura increased their price objective on shares of Square from $82.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, August 14th. Deutsche Bank increased their price objective on shares of Square from $57.00 to $78.00 and gave the company a “buy” rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. increased their price objective on shares of Square from $45.00 to $46.00 and gave the company a “$71.60” rating in a report on Monday, July 23rd. Finally, Morgan Stanley increased their price objective on shares of Square from $43.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, July 19th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $60.89.

In related news, insider Jacqueline D. Reses sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $62.34, for a total value of $935,100.00. Following the completion of the sale, the insider now owns 559,200 shares in the company, valued at approximately $34,860,528. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ajmere Dale sold 4,096 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $89.99, for a total transaction of $368,599.04. Following the completion of the sale, the insider now owns 93,255 shares of the company’s stock, valued at approximately $8,392,017.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,358,111 shares of company stock valued at $98,990,502. 27.99% of the stock is owned by insiders.

Square 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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