IFM Investors Pty Ltd lifted its stake in Square, Inc. (NYSE:SQ) by 15.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,892 shares of the technology company’s stock after buying an additional 3,905 shares during the period. IFM Investors Pty Ltd’s holdings in Square were worth $4,859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SQ. Red Spruce Capital LLC raised its holdings in shares of Square by 4.0% during the second quarter. Red Spruce Capital LLC now owns 9,844 shares of the technology company’s stock valued at $1,033,000 after purchasing an additional 378 shares during the period. FIL Ltd raised its holdings in shares of Square by 1.5% during the second quarter. FIL Ltd now owns 1,717,523 shares of the technology company’s stock valued at $179,977,000 after purchasing an additional 25,589 shares during the period. Kistler Tiffany Companies LLC raised its holdings in shares of Square by 29.3% during the second quarter. Kistler Tiffany Companies LLC now owns 3,393 shares of the technology company’s stock valued at $356,000 after purchasing an additional 768 shares during the period. Riggs Asset Managment Co. Inc. raised its holdings in shares of Square by 229,933.3% during the third quarter. Riggs Asset Managment Co. Inc. now owns 13,802 shares of the technology company’s stock valued at $2,243,000 after purchasing an additional 13,796 shares during the period. Finally, Natixis Advisors L.P. raised its holdings in shares of Square by 29.9% in the 2nd quarter. Natixis Advisors L.P. now owns 36,401 shares of the technology company’s stock worth $3,820,000 after acquiring an additional 8,371 shares during the last quarter. 66.29% of the stock is owned by institutional investors and hedge funds.

In other Square news, insider Alyssa Henry sold 10,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $141.32, for a total transaction of $1,413,200.00. Following the completion of the transaction, the insider now owns 433,930 shares in the company, valued at $61,322,987.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sivan Whiteley sold 4,028 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $134.04, for a total transaction of $539,913.12. Following the transaction, the insider now owns 138,776 shares of the company’s stock, valued at approximately $18,601,535.04. The disclosure for this sale can be found here. Insiders have sold 689,905 shares of company stock valued at $112,143,728 in the last quarter. 19.90% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on the stock. KeyCorp upped their target price on shares of Square from $140.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. 140166 increased their price objective on shares of Square from $180.00 to $195.00 and gave the company a “positive” rating in a research note on Monday, October 5th. SunTrust Banks reiterated a “buy” rating and issued a $150.00 price objective (up previously from $83.00) on shares of Square in a research note on Monday, July 6th. Canaccord Genuity increased their price objective on shares of Square from $80.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Rosenblatt Securities increased their price objective on shares of Square from $136.00 to $181.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $127.08.

Shares of SQ traded down $2.25 during mid-day trading on Friday, reaching $186.35. The stock had a trading volume of 5,299,708 shares, compared to its average volume of 12,865,664. The firm has a market cap of $82.65 billion, a price-to-earnings ratio of 300.56 and a beta of 2.72. Square, Inc. has a 12 month low of $32.33 and a 12 month high of $193.44. The business has a fifty day moving average of $159.98 and a 200 day moving average of $113.19. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.70 and a current ratio of 1.70.

Square (NYSE:SQ) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.23) by $0.41. Square had a net margin of 5.15% and a negative return on equity of 1.20%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 63.8% on a year-over-year basis. On average, research analysts forecast that Square, Inc. will post -0.27 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for Square (NYSE:SQ)

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