Robeco Institutional Asset Management B.V. reduced its stake in shares of Square, Inc. (NYSE:SQ) by 12.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,450,000 shares of the technology company’s stock after selling 200,000 shares during the period. Robeco Institutional Asset Management B.V. owned 0.39% of Square worth $34,017,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Guggenheim Capital LLC increased its position in shares of Square by 4.0% in the fourth quarter. Guggenheim Capital LLC now owns 18,680 shares of the technology company’s stock worth $255,000 after buying an additional 727 shares during the period. Teachers Advisors LLC increased its position in shares of Square by 168.8% in the fourth quarter. Teachers Advisors LLC now owns 229,804 shares of the technology company’s stock worth $3,132,000 after buying an additional 144,308 shares during the period. National Asset Management Inc. bought a new position in shares of Square during the first quarter worth about $177,000. Bank of Nova Scotia bought a new position in shares of Square during the first quarter worth about $2,696,000. Finally, First Mercantile Trust Co. increased its position in shares of Square by 2.2% in the first quarter. First Mercantile Trust Co. now owns 31,641 shares of the technology company’s stock worth $547,000 after buying an additional 690 shares during the period. Hedge funds and other institutional investors own 68.74% of the company’s stock.

Shares of Square, Inc. (NYSE SQ) opened at 24.99 on Friday. Square, Inc. has a one year low of $10.88 and a one year high of $27.97. The company’s 50-day moving average price is $25.67 and its 200-day moving average price is $20.83. The company’s market capitalization is $9.59 billion.

Square (NYSE:SQ) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $240 million for the quarter, compared to analyst estimates of $228.64 million. Square had a negative net margin of 4.13% and a negative return on equity of 12.41%. The business’s quarterly revenue was up 40.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.08) earnings per share. On average, equities research analysts predict that Square, Inc. will post $0.24 earnings per share for the current year.

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SQ has been the subject of a number of analyst reports. Vetr downgraded Square from a “strong-buy” rating to a “buy” rating and set a $20.39 price objective for the company. in a research report on Monday, May 1st. Guggenheim downgraded Square from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $19.00 to $20.00 in a research report on Thursday, May 4th. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and set a $21.00 price objective (up from $18.00) on shares of Square in a research report on Thursday, May 4th. Instinet raised their price objective on Square from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, Pacific Crest raised their price objective on Square from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, May 4th. Eleven research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.61.

In other news, CFO Sarah Friar sold 19,200 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $26.25, for a total transaction of $504,000.00. Following the sale, the chief financial officer now directly owns 368,791 shares of the company’s stock, valued at $9,680,763.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $25.02, for a total transaction of $10,008,000.00. Following the sale, the director now directly owns 507,385 shares in the company, valued at $12,694,772.70. The disclosure for this sale can be found here. Insiders have sold 952,600 shares of company stock worth $23,044,764 over the last three months. Corporate insiders own 32.68% of the company’s stock.

About Square

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.

Institutional Ownership by Quarter for Square (NYSE:SQ)

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