Neuberger Berman Group LLC Has $15.56 Million Position in Square Inc (SQ)

Neuberger Berman Group LLC lifted its position in Square Inc (NYSE:SQ) by 5,187.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 540,000 shares of the technology company’s stock after purchasing an additional 529,788 shares during the period. Neuberger Berman Group LLC owned about 0.14% of Square worth $15,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Makena Capital Management LLC acquired a new position in Square during the second quarter worth $4,561,000. California Public Employees Retirement System raised its position 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 worth $8,298,000 after acquiring an additional 33,100 shares during the period. Nomura Asset Management Co. Ltd. acquired a new position in Square during the third quarter worth $36,574,000. Royce & Associates LP raised its position in Square by 55.6% during the second quarter. Royce & Associates LP now owns 235,000 shares of the technology company’s stock worth $5,513,000 after acquiring an additional 84,000 shares during the period. Finally, California State Teachers Retirement System raised its position 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 worth $9,284,000 after acquiring an additional 293,137 shares during the period. Hedge funds and other institutional investors own 54.20% of the company’s stock.

Shares of Square Inc (NYSE:SQ) opened at $35.14 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81. Square Inc has a 1-year low of $13.53 and a 1-year high of $49.56. The stock has a market cap of $13,937.86, a PE ratio of -219.63 and a beta of 4.80.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ 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 prior year, the firm posted $0.01 earnings per share. Square’s quarterly revenue was up 44.6% on a year-over-year basis. research analysts expect that Square Inc will post -0.16 EPS for the current fiscal year.

A number of equities analysts have weighed in on SQ shares. Zacks Investment Research upgraded shares of Square from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, October 3rd. Tigress Financial restated a “buy” rating on shares of Square in a research report on Monday, September 25th. Vetr cut shares of Square from a “strong-buy” rating to a “buy” rating and set a $30.12 price objective for the company. in a research report on Tuesday, September 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $31.00 target price on shares of Square in a research report on Sunday, October 8th. Finally, Citigroup increased their target price on shares of Square from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $34.45.

In other Square news, CFO Sarah Friar sold 38,400 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $32.81, for a total transaction of $1,259,904.00. 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 2,814 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $37.23, for a total transaction of $104,765.22. The disclosure for this sale can be found here. Insiders sold 1,666,530 shares of company stock valued at $61,937,547 in the last three months. 32.68% of the stock is currently owned by insiders.

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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.

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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