Benjamin F. Edwards & Company Inc. increased its holdings in Square, Inc. (NYSE:SQ) by 18.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,256 shares of the technology company’s stock after acquiring an additional 348 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Square were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SQ. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in shares of Square by 11,275.7% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,998,253 shares of the technology company’s stock worth $112,082,000 after buying an additional 1,980,687 shares during the last quarter. FIL Ltd boosted its holdings in shares of Square by 75.2% in the third quarter. FIL Ltd now owns 2,965,450 shares of the technology company’s stock worth $293,609,000 after buying an additional 1,272,790 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Square by 87.2% in the third quarter. American Century Companies Inc. now owns 1,549,633 shares of the technology company’s stock worth $153,429,000 after buying an additional 721,843 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Square by 201.3% in the third quarter. Legal & General Group Plc now owns 1,051,975 shares of the technology company’s stock worth $104,156,000 after buying an additional 702,826 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Square by 85.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,450,154 shares of the technology company’s stock valued at $143,579,000 after purchasing an additional 668,394 shares in the last quarter. 49.83% of the stock is currently owned by institutional investors.

In related news, CEO Jack Dorsey sold 103,035 shares of the business’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $71.51, for a total value of $7,368,032.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ajmere Dale sold 2,048 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $71.76, for a total transaction of $146,964.48. Following the completion of the sale, the insider now owns 88,621 shares in the company, valued at approximately $6,359,442.96. The disclosure for this sale can be found here. Insiders sold 2,233,222 shares of company stock worth $146,117,658 in the last 90 days. 27.99% of the stock is currently owned by company insiders.

SQ has been the topic of several analyst reports. Nomura lifted their price target on shares of Square from $107.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, January 8th. Wolfe Research raised shares of Square from a “market perform” rating to an “outperform” rating in a report on Friday, January 4th. Piper Jaffray Companies lowered their price target on shares of Square from $92.00 to $58.00 and set a “neutral” rating on the stock in a report on Friday, December 21st. Stephens lowered their price target on shares of Square from $85.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, November 29th. They noted that the move was a valuation call. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $91.00 price target (up previously from $76.00) on shares of Square in a report on Thursday, November 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $83.55.

Square stock opened at $74.32 on Tuesday. Square, Inc. has a 1 year low of $38.80 and a 1 year high of $101.15. The company has a market cap of $30.39 billion, a PE ratio of -743.20, a P/E/G ratio of 36.00 and a beta of 3.68. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.80.

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About Square

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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