Shine Investment Advisory Services Inc. Grows Position in Square, Inc. (SQ)

Shine Investment Advisory Services Inc. increased its holdings in shares of Square, Inc. (NYSE:SQ) by 257.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 508 shares of the technology company’s stock after buying an additional 366 shares during the quarter. Shine Investment Advisory Services Inc.’s holdings in Square were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SQ. Financial Advocates Investment Management grew its stake in shares of Square by 9.0% in the fourth quarter. Financial Advocates Investment Management now owns 2,113 shares of the technology company’s stock valued at $121,000 after buying an additional 174 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Square by 0.6% in the fourth quarter. Private Advisor Group LLC now owns 33,412 shares of the technology company’s stock valued at $1,874,000 after buying an additional 209 shares in the last quarter. Domini Impact Investments LLC grew its stake in shares of Square by 2.6% in the fourth quarter. Domini Impact Investments LLC now owns 8,148 shares of the technology company’s stock valued at $457,000 after buying an additional 209 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in shares of Square by 70.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 588 shares of the technology company’s stock valued at $33,000 after buying an additional 243 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its stake in shares of Square by 0.5% in the fourth quarter. Xact Kapitalforvaltning AB now owns 50,893 shares of the technology company’s stock valued at $2,855,000 after buying an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 52.10% of the company’s stock.

In other Square news, CAO Ajmere Dale sold 2,048 shares of Square stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $80.00, for a total transaction of $163,840.00. Following the sale, the chief accounting officer now owns 79,985 shares of the company’s stock, valued at approximately $6,398,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jack Dorsey sold 103,035 shares of Square stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $76.45, for a total value of $7,877,025.75. The disclosure for this sale can be found here. Insiders have sold a total of 902,676 shares of company stock worth $68,723,099 in the last ninety days. 27.99% of the stock is owned by company insiders.

A number of brokerages have weighed in on SQ. Nomura restated a “buy” rating and set a $110.00 price objective (up previously from $108.00) on shares of Square in a research note on Thursday, January 24th. KeyCorp lowered their price objective on Square from $115.00 to $110.00 and set an “overweight” rating for the company in a research note on Thursday, February 28th. Jefferies Financial Group raised their price objective on Square to $73.00 and gave the company a “hold” rating in a research note on Thursday, February 28th. Cantor Fitzgerald restated a “buy” rating and set a $91.00 price objective on shares of Square in a research note on Wednesday, February 27th. Finally, Canaccord Genuity restated a “buy” rating and set a $88.00 price objective on shares of Square in a research note on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the company. Square has a consensus rating of “Buy” and an average target price of $86.14.

Shares of NYSE SQ traded down $0.86 during mid-day trading on Thursday, hitting $66.39. The company had a trading volume of 8,777,504 shares, compared to its average volume of 12,397,288. The company has a market cap of $28.76 billion, a price-to-earnings ratio of 3,319.50, a price-to-earnings-growth ratio of 19.71 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 current ratio of 1.50, a quick 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 the consensus estimate of $0.08 by ($0.09). The company had revenue of $489.00 million during the quarter, compared to the consensus estimate of $479.63 million. Square had a positive return on equity of 1.86% and a negative net margin of 1.47%. The company’s revenue for the quarter was up 59.3% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. As a group, equities analysts forecast that Square, Inc. will post 0.14 earnings per share for the current fiscal 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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