Van Hulzen Asset Management LLC lessened its holdings in Square, Inc. (NYSE:SQ) by 3.8% during the first quarter, HoldingsChannel.com reports. The fund owned 5,050 shares of the technology company’s stock after selling 200 shares during the period. Van Hulzen Asset Management LLC’s holdings in Square were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jennison Associates LLC raised its stake in Square by 34.3% in the 4th quarter. Jennison Associates LLC now owns 9,663,722 shares of the technology company’s stock valued at $542,038,000 after acquiring an additional 2,470,434 shares during the period. Nikko Asset Management Americas Inc. raised its stake in Square by 45.3% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 4,238,388 shares of the technology company’s stock valued at $237,731,000 after acquiring an additional 1,321,321 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Square by 4,800.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,698,238 shares of the technology company’s stock valued at $66,000 after acquiring an additional 3,622,766 shares during the period. Norges Bank bought a new stake in Square in the 4th quarter valued at $141,059,000. Finally, American Century Companies Inc. raised its stake in Square by 35.6% in the 4th quarter. American Century Companies Inc. now owns 2,101,900 shares of the technology company’s stock valued at $117,896,000 after acquiring an additional 552,267 shares during the period. Institutional investors and hedge funds own 52.17% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Mizuho increased their price target on Square from $75.00 to $85.00 in a research note on Thursday, February 28th. KeyCorp decreased their price objective on Square from $115.00 to $110.00 and set an “overweight” rating on the stock in a report on Thursday, February 28th. Piper Jaffray Companies upped their price objective on Square to $76.00 and gave the company a “neutral” rating in a report on Thursday, February 28th. Jefferies Financial Group upped their price objective on Square to $73.00 and gave the company a “hold” rating in a report on Thursday, February 28th. Finally, SunTrust Banks upped their price objective on Square to $75.00 and gave the company a “hold” rating in a report on Thursday, February 28th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have given a buy rating to the stock. Square has an average rating of “Hold” and a consensus price target of $85.85.
SQ opened at $68.52 on Friday. The firm has a market cap of $28.76 billion, a PE ratio of 3,426.00, a P/E/G ratio of 20.01 and a beta of 3.49. Square, Inc. has a 52-week low of $48.15 and a 52-week high of $101.15. The company has a current ratio of 1.50, a quick ratio of 2.07 and a debt-to-equity ratio of 0.91.
Square (NYSE:SQ) last released its earnings results on Wednesday, May 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.09). The company had revenue of $489.00 million for the quarter, compared to analyst estimates of $479.63 million. Square had a positive return on equity of 1.86% and a negative net margin of 1.47%. The business’s revenue for the quarter was up 59.3% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. Equities analysts forecast that Square, Inc. will post 0.14 earnings per share for the current year.
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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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