Square Inc (NYSE:SQ) Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $39.79, for a total transaction of $15,916,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.

James Morgan Jr. Mckelvey also recently made the following trade(s):

  • On Monday, December 11th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $38.15, for a total transaction of $15,260,000.00.
  • On Monday, November 13th, James Morgan Jr. Mckelvey sold 400,000 shares of Square stock. The stock was sold at an average price of $39.15, for a total transaction of $15,660,000.00.

Square Inc (SQ) traded up $0.21 during mid-day trading on Thursday, reaching $40.27. 9,830,000 shares of the company’s stock traded hands, compared to its average volume of 16,860,000. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.48. Square Inc has a 12-month low of $13.84 and a 12-month high of $49.56. The company has a market capitalization of $15,650.00 and a price-to-earnings ratio of -236.88.

Square (NYSE:SQ) last released its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The firm had revenue of $257.12 million during the quarter, compared to analyst estimates of $244.95 million. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The firm’s revenue for the quarter was up 44.6% compared to the same quarter last year. equities research analysts predict that Square Inc will post -0.15 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Atlantic Trust Group LLC bought a new stake in Square during the third quarter valued at $1,143,000. California Public Employees Retirement System increased its stake in Square by 10.3% during the second quarter. California Public Employees Retirement System now owns 353,700 shares of the technology company’s stock valued at $8,298,000 after purchasing an additional 33,100 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Square by 1,407.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company’s stock valued at $20,052,000 after purchasing an additional 649,841 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in Square during the third quarter valued at $36,574,000. Finally, California State Teachers Retirement System increased its stake in Square by 285.7% during the second quarter. California State Teachers Retirement System now owns 395,757 shares of the technology company’s stock valued at $9,284,000 after purchasing an additional 293,137 shares during the last quarter. Hedge funds and other institutional investors own 54.21% of the company’s stock.

A number of research analysts have recently commented on the stock. Stephens reissued a “buy” rating and set a $41.00 target price on shares of Square in a research report on Wednesday, January 10th. Credit Suisse Group reissued a “positive” rating and set a $37.00 target price (up from $31.00) on shares of Square in a research report on Monday, November 20th. Citigroup cut shares of Square from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research report on Thursday, November 9th. Cantor Fitzgerald boosted their target price on shares of Square to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Finally, Canaccord Genuity boosted their target price on shares of Square from $26.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $35.37.

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Square Company Profile

Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.

Insider Buying and Selling by Quarter for Square (NYSE:SQ)

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