Rand Wealth LLC Buys New Position in Square Inc (NYSE:SQ)

Schwab Charles Investment Management Inc. boosted its holdings in Square by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 696,007 shares of the technology company's stock valued at $20,052,000 after acquiring an additional 649,841 shares in the last quarter. Kessler Investment Group LLC now owns 11,725 shares of the technology company's stock valued at $407,000 after acquiring an additional 6,695 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Square by 19.9% in the 3rd quarter. Finally, Northeast Investment Management acquired a new stake in Square in the third quarter valued at about $205,000.

Institutional investors now hold around $9.18 billion or 81.5% in SQ stock.

In other Square news, CEO Jack Dorsey sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $41.43, for a total transaction of $1,590,912.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Mckelvey sold 400,000 shares of Square stock in a transaction that occurred on Tuesday, February 20th.

In the transaction dated January 16, 2018, the great number of shares disposed came courtesy the Director; Mckelvey James Morgan Jr. disposed a total of 400,000 shares at an average price of $39.79, amounting to approximately $15,916,000. Northern Trust Corp now owns 727,683 shares of the technology company's stock worth $17,072,000 after acquiring an additional 359,641 shares in the last quarter. The disclosure for this sale can be found here. Following the sale, the insider now owns 563,798 shares of the company's stock, valued at $21,176,252.88. Insiders own 32.68% of the company's stock.

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A number of equities research analysts recently commented on the company. They noted that the move was a valuation call. Goldman Sachs Group raised shares of Square to a "buy" rating in a research note on Thursday, November 16th. Evercore ISI raised Square from an in-line rating to an outperform rating and set a $51.00 price target for the company in a research note on Friday, November 17th.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 41.62%, and has a solid year to date (YTD) performance of 29.39% which means that the stock is constantly adding to its value from the previous fiscal year end price.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. (NYSE:SQ) by some 40,430,605 shares, 162 decreased positions by 46,458,066 and 37 held positions by 117,728,822. Square Inc has $48 highest and $8 lowest target.

Square handily topped fourth quarter earnings and revenue targets Tuesday after the bell. The technology company reported $0.08 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.07 by $0.01. The return on assets stands at -3.8%, Return on Equity now is -9.4% and the Return on Investment value is -29.9%. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. sell-side analysts predict that Square Inc will post -0.15 EPS for the current fiscal year.

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