United Capital Financial Advisers LLC Has $2.89 Million Stock Holdings in Square, Inc. (NYSE:SQ)

United Capital Financial Advisers LLC cut its holdings in shares of Square, Inc. (NYSE:SQ) by 45.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 39,804 shares of the technology company’s stock after selling 33,622 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Square were worth $2,887,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in Square by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 268,982 shares of the technology company’s stock worth $15,088,000 after purchasing an additional 10,246 shares during the last quarter. Comerica Bank raised its holdings in Square by 46.6% during the 1st quarter. Comerica Bank now owns 14,519 shares of the technology company’s stock worth $1,085,000 after purchasing an additional 4,612 shares during the last quarter. Cetera Advisor Networks LLC bought a new position in Square during the 1st quarter worth approximately $578,000. Toronto Dominion Bank raised its holdings in Square by 36.7% during the 1st quarter. Toronto Dominion Bank now owns 55,532 shares of the technology company’s stock worth $4,159,000 after purchasing an additional 14,910 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in Square by 296.2% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 10,300 shares of the technology company’s stock worth $771,000 after purchasing an additional 7,700 shares during the last quarter. Institutional investors and hedge funds own 55.71% of the company’s stock.

Several research analysts have issued reports on the stock. Canaccord Genuity lowered shares of Square from a “buy” rating to a “hold” rating and lowered their price target for the stock from $88.00 to $64.00 in a report on Thursday, September 12th. Needham & Company LLC set a $90.00 price target on shares of Square and gave the stock a “buy” rating in a report on Thursday, September 12th. ValuEngine lowered shares of Square from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Evercore ISI lowered shares of Square from an “outperform” rating to an “underperform” rating and lowered their price target for the stock from $101.00 to $64.00 in a report on Thursday, August 1st. Finally, SunTrust Banks upgraded shares of Square from a “hold” rating to a “buy” rating in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $81.32.

SQ stock traded down $0.29 during midday trading on Wednesday, reaching $59.31. 5,195,344 shares of the company’s stock traded hands, compared to its average volume of 7,496,592. The company has a market cap of $24.90 billion, a price-to-earnings ratio of 2,965.50, a P/E/G ratio of 19.81 and a beta of 3.41. The firm’s fifty day moving average price is $64.21 and its 200-day moving average price is $70.56. 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, Inc. has a 52 week low of $49.82 and a 52 week high of $101.15.

Square (NYSE:SQ) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.20. The business had revenue of $563.00 million during the quarter, compared to analyst estimates of $557.67 million. Square had a negative net margin of 1.35% and a positive return on equity of 2.65%. Square’s quarterly revenue was up 46.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. Analysts forecast that Square, Inc. will post 0.12 earnings per share for the current year.

In other Square news, insider Jacqueline D. Reses sold 5,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $81.83, for a total transaction of $409,150.00. Following the completion of the sale, the insider now owns 373,984 shares in the company, valued at approximately $30,603,110.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ajmere Dale sold 4,953 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $80.00, for a total transaction of $396,240.00. Following the sale, the insider now owns 68,079 shares of the company’s stock, valued at approximately $5,446,320. The disclosure for this sale can be found here. Insiders have sold a total of 77,001 shares of company stock valued at $5,295,829 in the last 90 days. 21.79% of the stock is currently owned by company insiders.

About Square

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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