Bank of Hawaii bought a new stake in Square Inc (NYSE:SQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,620 shares of the technology company’s stock, valued at approximately $264,000.
Several other hedge funds have also bought and sold shares of the stock. Strs Ohio bought a new stake in Square in the fourth quarter worth $110,000. Harvest Fund Management Co. Ltd bought a new stake in Square in the fourth quarter worth $131,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Square in the fourth quarter worth $139,000. Hudock Capital Group LLC bought a new stake in Square in the third quarter worth $157,000. Finally, American International Group Inc. bought a new stake in Square in the fourth quarter worth $200,000. 52.21% of the stock is owned by hedge funds and other institutional investors.
In other Square news, insider Hillary B. Smith sold 75,103 shares of Square stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $37.56, for a total value of $2,820,868.68. Following the transaction, the insider now owns 563,798 shares in the company, valued at $21,176,252.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ajmere Dale sold 5,272 shares of Square stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $49.07, for a total value of $258,697.04. Following the completion of the transaction, the insider now owns 106,533 shares in the company, valued at approximately $5,227,574.31. The disclosure for this sale can be found here. Insiders sold 1,025,177 shares of company stock worth $43,040,753 in the last quarter. 32.68% of the stock is owned by insiders.
Square (NYSE:SQ) last announced its quarterly earnings results on Tuesday, February 27th. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $616.04 million for the quarter, compared to analyst estimates of $601.63 million. Square had a negative return on equity of 6.60% and a negative net margin of 2.84%. analysts forecast that Square Inc will post 0.02 EPS for the current year.
A number of analysts recently issued reports on SQ shares. Vetr upgraded Square from a “hold” rating to a “buy” rating and set a $51.38 price target for the company in a research report on Thursday, November 23rd. Buckingham Research started coverage on Square in a research report on Thursday, January 4th. They issued a “buy” rating and a $42.00 price target for the company. Oppenheimer restated a “buy” rating on shares of Square in a research report on Monday, November 20th. Nomura raised their price target on Square from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Goldman Sachs Group upgraded Square to a “buy” rating in a research report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $42.68.
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Square Company 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.
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