Paradigm Financial Advisors LLC acquired a new position in shares of Square, Inc. (NYSE:SQ) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,983 shares of the technology company’s stock, valued at approximately $295,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Square during the 3rd quarter worth $155,000. Centaurus Financial Inc. purchased a new stake in shares of Square during the 2nd quarter worth $100,000. Huntington National Bank lifted its stake in shares of Square by 1,725.0% during the 2nd quarter. Huntington National Bank now owns 1,825 shares of the technology company’s stock worth $112,000 after purchasing an additional 1,725 shares during the last quarter. Arlington Partners LLC purchased a new stake in shares of Square during the 3rd quarter worth $198,000. Finally, Good Life Advisors LLC purchased a new stake in shares of Square during the 3rd quarter worth $203,000. Hedge funds and other institutional investors own 51.25% of the company’s stock.

SQ has been the subject of a number of analyst reports. ValuEngine upgraded Square from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd. Wolfe Research initiated coverage on Square in a research note on Tuesday, July 17th. They issued a “market perform” rating for the company. Deutsche Bank increased their price target on Square from $57.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Stifel Nicolaus increased their price target on Square from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Finally, Goldman Sachs Group increased their price target on Square from $77.00 to $108.00 and gave the company a “buy” rating in a research note on Monday, October 8th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Square currently has an average rating of “Hold” and a consensus price target of $78.59.

In related news, Director James Morgan Jr. Mckelvey sold 400,000 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $88.04, for a total transaction of $35,216,000.00. Following the sale, the director now directly owns 472,175 shares of the company’s stock, valued at $41,570,287. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jack Dorsey sold 103,035 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $73.93, for a total value of $7,617,377.55. The disclosure for this sale can be found here. Insiders sold 2,300,650 shares of company stock worth $187,755,700 over the last three months. Corporate insiders own 27.99% of the company’s stock.

Shares of SQ stock opened at $73.27 on Friday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $33.94 billion, a PE ratio of -732.70 and a beta of 4.30. Square, Inc. has a fifty-two week low of $34.14 and a fifty-two week high of $101.15.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $431.00 million for the quarter, compared to analyst estimates of $414.19 million. Square had a negative return on equity of 1.18% and a negative net margin of 0.87%. The company’s revenue was up 67.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. Research analysts anticipate that Square, Inc. will post -0.04 EPS for the current year.

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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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