Strategic Wealth Advisors Group LLC Decreases Stock Holdings in Square, Inc. (NYSE:SQ)

Strategic Wealth Advisors Group LLC decreased its holdings in shares of Square, Inc. (NYSE:SQ) by 46.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,312 shares of the technology company’s stock after selling 26,706 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Square were worth $1,930,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Square by 8.3% during the second quarter. Vanguard Group Inc. now owns 24,838,878 shares of the technology company’s stock valued at $1,801,564,000 after acquiring an additional 1,910,823 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Square by 26.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,971,195 shares of the technology company’s stock valued at $493,816,000 after acquiring an additional 1,667,227 shares during the last quarter. Nikko Asset Management Americas Inc. increased its position in Square by 32.9% during the third quarter. Nikko Asset Management Americas Inc. now owns 6,691,581 shares of the technology company’s stock valued at $414,543,000 after acquiring an additional 1,656,927 shares during the last quarter. Coatue Management LLC bought a new position in Square during the second quarter valued at $319,388,000. Finally, Bares Capital Management Inc. grew its holdings in shares of Square by 542.2% in the second quarter. Bares Capital Management Inc. now owns 3,616,765 shares of the technology company’s stock worth $262,324,000 after purchasing an additional 3,053,548 shares during the last quarter. 56.54% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on SQ. Rosenblatt Securities began coverage on shares of Square in a report on Monday, August 19th. They issued a “neutral” rating and a $68.00 price target on the stock. Wells Fargo & Co upgraded shares of Square from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Thursday, September 26th. Berenberg Bank began coverage on shares of Square in a report on Thursday, October 3rd. They issued a “hold” rating and a $58.00 price target on the stock. Jefferies Financial Group set a $78.00 price target on shares of Square and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, KeyCorp cut their price target on shares of Square from $100.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have given a buy rating to the company. Square has a consensus rating of “Hold” and a consensus target price of $72.94.

NYSE:SQ traded down $2.32 during mid-day trading on Friday, reaching $62.09. The company’s stock had a trading volume of 8,612,135 shares, compared to its average volume of 6,025,921. Square, Inc. has a 1 year low of $49.82 and a 1 year high of $83.20. The stock has a fifty day moving average of $61.22 and a 200-day moving average of $66.95. The firm has a market capitalization of $26.08 billion, a PE ratio of 3,104.71, a price-to-earnings-growth ratio of 21.95 and a beta of 3.38. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.87.

Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.05. The company had revenue of $602.00 million during the quarter, compared to analyst estimates of $596.85 million. Square had a negative net margin of 1.35% and a positive return on equity of 2.65%. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, analysts expect that Square, Inc. will post 0.11 earnings per share for the current year.

In other Square news, CAO Ajmere Dale sold 2,048 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $62.47, for a total transaction of $127,938.56. Following the completion of the sale, the chief accounting officer now directly owns 64,050 shares of the company’s stock, valued at $4,001,203.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alyssa Henry sold 20,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $61.86, for a total transaction of $1,237,200.00. Following the sale, the insider now directly owns 442,168 shares of the company’s stock, valued at $27,352,512.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,048 shares of company stock valued at $2,570,339. 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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