Scotia Capital Inc. reduced its stake in shares of Square Inc (NYSE:SQ) by 31.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,074 shares of the technology company’s stock after selling 4,079 shares during the period. Scotia Capital Inc.’s holdings in Square were worth $315,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of SQ. Strs Ohio acquired a new stake in shares of Square during the fourth quarter worth $110,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Square during the fourth quarter worth $131,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Square during the fourth quarter worth $139,000. American International Group Inc. purchased a new position in shares of Square during the fourth quarter worth $200,000. Finally, Commerce Bank purchased a new position in shares of Square during the fourth quarter worth $201,000. Institutional investors and hedge funds own 52.21% of the company’s stock.
Several brokerages recently issued reports on SQ. Vetr cut shares of Square from a “buy” rating to a “hold” rating and set a $45.60 target price for the company. in a report on Monday, November 20th. Oppenheimer reissued a “buy” rating on shares of Square in a report on Monday, November 20th. Citigroup reissued an “outperform” rating and set a $52.00 target price (up previously from $41.00) on shares of Square in a report on Thursday, March 1st. Guggenheim reissued a “buy” rating and set a $50.00 target price on shares of Square in a report on Thursday, March 1st. Finally, Evercore ISI raised shares of Square from an “in-line” rating to an “outperform” rating and set a $51.00 target price for the company in a report on Friday, November 17th. One research 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 presently has a consensus rating of “Buy” and a consensus target price of $42.62.
Shares of Square Inc (SQ) opened at $53.19 on Tuesday. The company has a market cap of $20,804.73, a PE ratio of -332.44 and a beta of 4.56. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.83 and a current ratio of 1.83. Square Inc has a one year low of $16.11 and a one year high of $53.79.
Square (NYSE:SQ) last released its earnings results on Tuesday, February 27th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $616.04 million during the quarter, compared to analysts’ expectations of $601.63 million. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. research analysts forecast that Square Inc will post 0.02 EPS for the current fiscal year.
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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