Square, Inc. (NYSE:SQ) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI reduced its holdings in Square, Inc. (NYSE:SQ) by 1.1% during the 2nd quarter, Holdings Channel reports. The fund owned 449,434 shares of the technology company’s stock after selling 4,977 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Square were worth $32,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc boosted its position in shares of Square by 1.5% in the second quarter. AdvisorNet Financial Inc now owns 9,338 shares of the technology company’s stock worth $677,000 after buying an additional 140 shares during the period. Bingham Osborn & Scarborough LLC raised its holdings in shares of Square by 0.9% during the first quarter. Bingham Osborn & Scarborough LLC now owns 16,673 shares of the technology company’s stock worth $1,249,000 after acquiring an additional 141 shares in the last quarter. Aldebaran Financial Inc. raised its holdings in Square by 0.9% during the first quarter. Aldebaran Financial Inc. now owns 17,400 shares of the technology company’s stock valued at $1,304,000 after buying an additional 150 shares in the last quarter. Eagle Capital Management LLC raised its holdings in Square by 0.4% during the first quarter. Eagle Capital Management LLC now owns 39,825 shares of the technology company’s stock valued at $2,984,000 after buying an additional 173 shares in the last quarter. Finally, Financial Advocates Investment Management raised its holdings in Square by 9.0% during 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. Hedge funds and other institutional investors own 52.06% of the company’s stock.

SQ has been the topic of several recent research reports. Wedbush restated a “neutral” rating on shares of Square in a report on Monday, July 1st. Needham & Company LLC restated a “buy” rating and set a $90.00 target price (down from $95.00) on shares of Square in a report on Thursday, May 2nd. Sanford C. Bernstein initiated coverage on Square in a report on Tuesday, April 16th. They set a “market perform” rating and a $80.00 target price on the stock. BMO Capital Markets cut their target price on Square to $90.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Finally, ValuEngine upgraded Square from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $87.54.

NYSE SQ traded down $11.74 during trading on Friday, reaching $69.24. 15,192,224 shares of the company traded hands, compared to its average volume of 6,639,349. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a 50 day moving average price of $76.42. The firm has a market capitalization of $34.04 billion, a P/E ratio of 3,461.83, a price-to-earnings-growth ratio of 21.57 and a beta of 3.31. Square, Inc. has a 1-year low of $49.82 and a 1-year high of $101.15.

Square (NYSE:SQ) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.20. The company had revenue of $563.00 million for the quarter, compared to the consensus estimate of $557.67 million. Square had a positive return on equity of 1.86% and a negative net margin of 1.47%. The company’s quarterly revenue was up 46.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 earnings per share. Equities research analysts forecast that Square, Inc. will post 0.15 earnings per share for the current fiscal year.

In other news, insider Jacqueline D. Reses sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $73.26, for a total value of $366,300.00. Following the transaction, the insider now directly owns 399,914 shares of the company’s stock, valued at approximately $29,297,699.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alyssa Henry sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $64.20, for a total value of $1,284,000.00. Following the completion of the transaction, the insider now directly owns 459,793 shares in the company, valued at $29,518,710.60. The disclosure for this sale can be found here. Insiders have sold 72,249 shares of company stock worth $5,144,475 over the last ninety days. Company insiders own 21.79% of the company’s stock.

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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