Regal Investment Advisors LLC bought a new position in Square, Inc. (NYSE:SQ) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,585 shares of the technology company’s stock, valued at approximately $418,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lenox Wealth Management Inc. bought a new stake in shares of Square in the 1st quarter worth $25,000. Legacy Advisors LLC bought a new stake in shares of Square in the 1st quarter worth $27,000. FTB Advisors Inc. bought a new position in Square during the first quarter valued at about $27,000. Cullen Frost Bankers Inc. bought a new position in Square during the first quarter valued at about $28,000. Finally, Private Ocean LLC bought a new position in Square during the first quarter valued at about $28,000. Hedge funds and other institutional investors own 55.56% of the company’s stock.

In other news, CAO Ajmere Dale sold 2,048 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $80.00, for a total value of $163,840.00. Following the sale, the chief accounting officer now directly owns 79,985 shares of the company’s stock, valued at $6,398,800. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jacqueline D. Reses sold 5,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $68.35, for a total transaction of $341,750.00. Following the completion of the sale, the insider now directly owns 413,593 shares in the company, valued at $28,269,081.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 716,606 shares of company stock worth $54,179,892. Insiders own 21.79% of the company’s stock.

SQ has been the subject of several research reports. ValuEngine lowered shares of Square from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. BMO Capital Markets reduced their price target on shares of Square to $90.00 and set a “market perform” rating for the company in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Tuesday, May 7th. Sanford C. Bernstein initiated coverage on shares of Square in a research report on Tuesday, April 2nd. They set a “market perform” rating and a $80.00 price target for the company. Finally, Wedbush restated a “neutral” rating and set a $75.00 price target on shares of Square in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $86.14.

NYSE SQ traded up $0.91 during trading on Friday, hitting $64.66. 7,990,485 shares of the company’s stock traded hands, compared to its average volume of 11,955,481. The company has a market cap of $27.35 billion, a PE ratio of 3,233.00, a price-to-earnings-growth ratio of 17.58 and a beta of 3.49. Square, Inc. has a 12-month low of $49.82 and a 12-month high of $101.15. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Square (NYSE:SQ) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.09). Square had a positive return on equity of 1.86% and a negative net margin of 1.47%. The firm had revenue of $489.00 million during the quarter, compared to analysts’ expectations of $479.63 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 59.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Square, Inc. will post 0.15 EPS for the current year.

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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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