Raymond James Financial Services Advisors Inc. decreased its position in Square, Inc. (NYSE:SQ) by 5.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 194,118 shares of the technology company’s stock after selling 10,464 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Square were worth $14,543,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in SQ. KG&L Capital Management LLC acquired a new position in shares of Square during the first quarter valued at about $258,000. F3Logic LLC raised its holdings in shares of Square by 3.9% during the first quarter. F3Logic LLC now owns 7,907 shares of the technology company’s stock valued at $587,000 after purchasing an additional 294 shares during the period. Alpine Woods Capital Investors LLC acquired a new position in shares of Square during the first quarter valued at about $798,000. Teacher Retirement System of Texas raised its holdings in shares of Square by 895.1% during the first quarter. Teacher Retirement System of Texas now owns 41,159 shares of the technology company’s stock valued at $3,084,000 after purchasing an additional 37,023 shares during the period. Finally, Private Ocean LLC acquired a new position in shares of Square during the first quarter valued at about $28,000. Institutional investors and hedge funds own 52.24% of the company’s stock.
In other news, CAO Ajmere Dale sold 2,048 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $80.00, for a total transaction of $163,840.00. Following the completion of the transaction, the chief accounting officer now directly owns 79,985 shares of the company’s stock, valued at approximately $6,398,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alyssa Henry sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $64.20, for a total transaction of $1,284,000.00. Following the transaction, the insider now directly owns 459,793 shares of the company’s stock, valued at $29,518,710.60. The disclosure for this sale can be found here. Insiders sold a total of 819,641 shares of company stock valued at $62,130,073 over the last ninety days. 21.79% of the stock is currently owned by insiders.
Shares of SQ stock opened at $65.31 on Friday. Square, Inc. has a 52-week low of $49.82 and a 52-week 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. The stock has a market capitalization of $27.62 billion, a price-to-earnings ratio of 3,265.50, a PEG ratio of 17.32 and a beta of 3.49.
Square (NYSE:SQ) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 the consensus estimate of $479.63 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 59.3% on a year-over-year basis. On average, equities analysts expect that Square, Inc. will post 0.15 EPS for the current year.
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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