Square, Inc. (NYSE:SQ) Insider Sells $1,914,056.00 in Stock

Square, Inc. (NYSE:SQ) insider Jacqueline D. Reses sold 28,568 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $67.00, for a total transaction of $1,914,056.00. Following the completion of the sale, the insider now directly owns 253,035 shares in the company, valued at approximately $16,953,345. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE SQ opened at $67.98 on Friday. The stock’s 50-day simple moving average is $64.36 and its two-hundred day simple moving average is $66.60. Square, Inc. has a twelve month low of $49.82 and a twelve month high of $83.20. The firm has a market capitalization of $29.21 billion, a P/E ratio of 3,399.00, a P/E/G ratio of 16.99 and a beta of 3.37. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.83.

Square (NYSE:SQ) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. Square had a positive return on equity of 5.72% and a negative net margin of 1.01%. The firm had revenue of $602.00 million during the quarter, compared to the consensus estimate of $596.85 million. During the same quarter last year, the company posted $0.13 EPS. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, research analysts anticipate that Square, Inc. will post 0.12 EPS for the current fiscal year.

Several research firms recently commented on SQ. SunTrust Banks raised shares of Square from a “hold” rating to a “buy” rating in a report on Tuesday, September 3rd. Wedbush set a $75.00 price objective on shares of Square and gave the company a “hold” rating in a research note on Tuesday, September 17th. ValuEngine raised shares of Square from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Piper Jaffray Companies dropped their target price on Square from $75.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Morgan Stanley set a $74.00 price target on Square and gave the stock a “hold” rating in a report on Thursday, August 29th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $72.17.

A number of institutional investors and hedge funds have recently made changes to their positions in SQ. Vanguard Group Inc. increased its holdings in shares of Square by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,838,878 shares of the technology company’s stock worth $1,801,564,000 after buying an additional 1,910,823 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Square by 26.4% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,971,195 shares of the technology company’s stock worth $493,816,000 after acquiring an additional 1,667,227 shares during the last quarter. Nikko Asset Management Americas Inc. grew its position in Square by 32.9% in the third quarter. Nikko Asset Management Americas Inc. now owns 6,691,581 shares of the technology company’s stock worth $414,543,000 after acquiring an additional 1,656,927 shares in the last quarter. Coatue Management LLC purchased a new position in Square in the second quarter worth $319,388,000. Finally, Bares Capital Management Inc. grew its position in 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 acquiring an additional 3,053,548 shares in the last quarter. 57.90% of the stock is currently owned by institutional investors and hedge funds.

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

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