Northstar Capital Management LLC raised its stake in shares of Square, Inc. (NYSE:SQ) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,884 shares of the technology company’s stock after purchasing an additional 207 shares during the quarter. Square accounts for 5.0% of Northstar Capital Management LLC’s portfolio, making the stock its 4th largest holding. Northstar Capital Management LLC’s holdings in Square were worth $5,576,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Square by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 268,982 shares of the technology company’s stock worth $15,088,000 after acquiring an additional 10,246 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Square by 18.6% in the 4th quarter. Advisory Services Network LLC now owns 3,730 shares of the technology company’s stock worth $209,000 after acquiring an additional 584 shares in the last quarter. APG Asset Management N.V. acquired a new position in shares of Square in the 4th quarter worth approximately $1,222,000. Financial Advocates Investment Management boosted its holdings in shares of Square by 9.0% in the 4th quarter. Financial Advocates Investment Management now owns 2,113 shares of the technology company’s stock worth $121,000 after acquiring an additional 174 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Square in the 4th quarter worth approximately $141,059,000. 52.06% of the stock is currently owned by institutional investors.

Shares of Square stock traded up $0.32 on Tuesday, hitting $80.52. 153,005 shares of the company’s stock traded hands, compared to its average volume of 6,710,046. The firm has a 50-day moving average price of $75.77. The company has a market cap of $34.60 billion, a PE ratio of 4,032.48, a PEG ratio of 21.93 and a beta of 3.32. Square, Inc. has a one year low of $49.82 and a one year high of $101.15. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.91.

Square (NYSE:SQ) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.09). Square had a negative net margin of 1.47% and a positive return on equity of 1.86%. The firm had revenue of $489.00 million during the quarter, compared to the consensus estimate of $479.63 million. During the same quarter in the prior year, the company earned $0.06 EPS. Square’s quarterly revenue was up 59.3% on a year-over-year basis. Research analysts expect that Square, Inc. will post 0.15 earnings per share for the current year.

In related news, insider Alyssa Henry sold 20,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $64.20, for a total value of $1,284,000.00. Following the completion of the sale, the insider now owns 459,793 shares in the company, valued at approximately $29,518,710.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ajmere Dale sold 4,953 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $80.00, for a total transaction of $396,240.00. Following the completion of the sale, the insider now owns 68,079 shares of the company’s stock, valued at approximately $5,446,320. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,249 shares of company stock valued at $5,486,225. 21.79% of the stock is owned by corporate insiders.

Several brokerages have recently commented on SQ. Jefferies Financial Group downgraded Alcoa from a “buy” rating to a “hold” rating and reduced their target price for the stock from $29.00 to $23.00 in a report on Thursday, July 18th. ValuEngine raised WEX from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Citigroup set a $317.00 price objective on Mastercard and gave the stock a “buy” rating in a report on Friday, July 19th. Needham & Company LLC upped their price objective on Alteryx to $108.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Wedbush reaffirmed a “neutral” rating on shares of Square in a report on Monday, July 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.21.

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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