Personal Capital Advisors Corp acquired a new stake in Square Inc (NYSE:SQ) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 8,596 shares of the technology company’s stock, valued at approximately $298,000.

A number of other institutional investors and hedge funds have also modified their holdings of SQ. FMR LLC boosted its stake in shares of Square by 114.7% in the second quarter. FMR LLC now owns 23,888,617 shares of the technology company’s stock worth $560,427,000 after acquiring an additional 12,764,491 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Square by 73.4% in the second quarter. Vanguard Group Inc. now owns 19,034,862 shares of the technology company’s stock worth $446,558,000 after acquiring an additional 8,058,892 shares during the last quarter. Capital World Investors boosted its stake in shares of Square by 32.8% in the second quarter. Capital World Investors now owns 15,597,830 shares of the technology company’s stock worth $365,925,000 after acquiring an additional 3,853,000 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Square by 31.0% in the third quarter. Allianz Asset Management GmbH now owns 13,302,170 shares of the technology company’s stock worth $383,235,000 after acquiring an additional 3,147,558 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Square by 5.8% during the second quarter. Renaissance Technologies LLC now owns 9,076,600 shares of the technology company’s stock worth $212,937,000 after buying an additional 498,100 shares in the last quarter. 54.21% of the stock is currently owned by institutional investors.

In related news, insider Ajmere Dale sold 1,451 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $40.00, for a total transaction of $58,040.00. Following the completion of the transaction, the insider now directly owns 109,586 shares of the company’s stock, valued at approximately $4,383,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $39.15, for a total value of $15,660,000.00. Following the transaction, the director now directly owns 507,732 shares of the company’s stock, valued at $19,877,707.80. The disclosure for this sale can be found here. Insiders sold 1,631,132 shares of company stock valued at $63,618,154 over the last ninety days. Insiders own 32.68% of the company’s stock.

A number of equities analysts recently commented on the company. Nomura reiterated a “buy” rating and set a $64.00 price objective (up previously from $48.00) on shares of Square in a research report on Friday. Stephens reiterated a “buy” rating and set a $41.00 price objective on shares of Square in a research report on Wednesday, January 10th. Barclays reiterated a “buy” rating and set a $43.00 price objective on shares of Square in a research report on Friday, January 5th. Buckingham Research assumed coverage on Square in a research report on Thursday, January 4th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on Square from $26.00 to $40.00 and gave the stock a “hold” rating in a research report on Tuesday, December 19th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $35.83.

Shares of Square Inc (NYSE SQ) opened at $42.56 on Monday. Square Inc has a one year low of $13.84 and a one year high of $49.56. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $16,540.00 and a price-to-earnings ratio of -250.35.

Square (NYSE:SQ) last issued its quarterly earnings data on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The business had revenue of $257.12 million during the quarter, compared to analysts’ expectations of $244.95 million. During the same period in the previous year, the firm posted $0.01 earnings per share. The company’s revenue was up 44.6% on a year-over-year basis. sell-side analysts predict that Square Inc will post -0.15 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Square (NYSE:SQ)

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