Square, Inc. (SQ) Shares Sold by Nicholas Investment Partners LP

Nicholas Investment Partners LP reduced its position in Square, Inc. (NYSE:SQ) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 391,978 shares of the technology company’s stock after selling 565 shares during the period. Square makes up approximately 0.6% of Nicholas Investment Partners LP’s holdings, making the stock its 26th largest holding. Nicholas Investment Partners LP owned approximately 0.10% of Square worth $9,196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Makena Capital Management LLC acquired a new position in shares of Square in the 2nd quarter valued at about $4,561,000. Royce & Associates LP lifted its stake in shares of Square by 55.6% in the 2nd quarter. Royce & Associates LP now owns 235,000 shares of the technology company’s stock valued at $5,513,000 after purchasing an additional 84,000 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Square by 2.9% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,190,200 shares of the technology company’s stock valued at $74,842,000 after buying an additional 90,200 shares during the period. National Asset Management Inc. purchased a new stake in shares of Square during the 1st quarter valued at about $177,000. Finally, Allen Operations LLC raised its holdings in shares of Square by 7.2% during the 2nd quarter. Allen Operations LLC now owns 210,825 shares of the technology company’s stock valued at $4,946,000 after buying an additional 14,228 shares during the period. 82.00% of the stock is currently owned by institutional investors and hedge funds.

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In other Square news, CFO Sarah Friar sold 38,400 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $26.39, for a total value of $1,013,376.00. Following the transaction, the chief financial officer now directly owns 368,791 shares in the company, valued at approximately $9,732,394.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Morgan Jr. Mckelvey sold 400,000 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $27.22, for a total value of $10,888,000.00. Following the completion of the transaction, the director now owns 507,385 shares in the company, valued at $13,811,019.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 953,600 shares of company stock worth $24,816,064. 32.68% of the stock is owned by corporate insiders.

Square, Inc. (NYSE SQ) traded up 1.09% during mid-day trading on Monday, hitting $28.81. The stock had a trading volume of 2,717,133 shares. The stock has a 50 day moving average of $25.86 and a 200-day moving average of $21.97. Square, Inc. has a 1-year low of $10.88 and a 1-year high of $29.00. The firm’s market cap is $11.05 billion.

Square (NYSE:SQ) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.01. The business had revenue of $240.00 million for the quarter, compared to analyst estimates of $228.64 million. Square had a negative return on equity of 12.41% and a negative net margin of 4.13%. Square’s revenue for the quarter was up 40.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.08) EPS. Analysts predict that Square, Inc. will post $0.24 EPS for the current fiscal year.

SQ has been the topic of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $28.00 target price on shares of Square in a report on Thursday, July 6th. Citigroup Inc. raised their target price on Square from $23.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, July 6th. Mizuho started coverage on Square in a report on Wednesday, June 28th. They set a “buy” rating and a $28.00 price objective on the stock. Zacks Investment Research upgraded Square from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, June 6th. Finally, Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $23.97 price objective on the stock in a report on Wednesday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $24.87.

Square 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.

Institutional Ownership by Quarter for Square (NYSE:SQ)

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