Leonetti & Associates LLC Has $4.09 Million Holdings in Square Inc (SQ)

Leonetti & Associates LLC raised its holdings in shares of Square Inc (NYSE:SQ) by 5.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 118,075 shares of the technology company’s stock after acquiring an additional 6,150 shares during the period. Square makes up 1.1% of Leonetti & Associates LLC’s holdings, making the stock its 23rd largest position. Leonetti & Associates LLC’s holdings in Square were worth $4,094,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Macquarie Group Ltd. raised its position in shares of Square by 167.2% during the 4th quarter. Macquarie Group Ltd. now owns 536,158 shares of the technology company’s stock valued at $18,589,000 after acquiring an additional 335,505 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Square during the 4th quarter valued at $17,457,000. Sciencast Management LP bought a new stake in shares of Square during the 4th quarter valued at $547,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Square by 110.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 124,556 shares of the technology company’s stock valued at $4,320,000 after acquiring an additional 65,444 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Square during the 4th quarter valued at $1,316,000. Institutional investors own 52.06% of the company’s stock.

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Square stock opened at $45.87 on Friday. Square Inc has a one year low of $16.66 and a one year high of $58.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market cap of $18,894.29, a PE ratio of -458.70 and a beta of 4.21.

Square (NYSE:SQ) last posted its quarterly earnings data on Tuesday, February 27th. The technology company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. Square had a negative net margin of 2.84% and a negative return on equity of 6.60%. The company had revenue of $616.04 million during the quarter, compared to the consensus estimate of $601.63 million. sell-side analysts expect that Square Inc will post 0.02 earnings per share for the current fiscal year.

SQ has been the subject of several research analyst reports. Nomura reissued a “buy” rating and issued a $64.00 price target (up previously from $48.00) on shares of Square in a report on Friday, January 19th. Zacks Investment Research raised shares of Square from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, February 5th. Barclays reissued a “buy” rating and issued a $43.00 price target on shares of Square in a report on Friday, January 5th. Susquehanna Bancshares boosted their price target on shares of Square from $43.00 to $51.00 and gave the company a “positive” rating in a report on Monday, February 5th. Finally, Vetr raised shares of Square from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. Square presently has a consensus rating of “Buy” and an average target price of $43.85.

In other news, insider Jacqueline D. Reses sold 15,000 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the sale, the insider now directly owns 599,961 shares of the company’s stock, valued at approximately $27,106,237.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Sarah Friar sold 39,200 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $50.07, for a total transaction of $1,962,744.00. Following the completion of the sale, the chief financial officer now directly owns 346,649 shares in the company, valued at $17,356,715.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,372,655 shares of company stock valued at $62,988,834. Company insiders own 32.68% of the company’s stock.

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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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