Myriad Asset Management Ltd. Invests $576,000 in Square Inc (SQ) Stock

Myriad Asset Management Ltd. purchased a new position in Square Inc (NYSE:SQ) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 20,000 shares of the technology company’s stock, valued at approximately $576,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Trust N.A. increased its stake in Square by 1.3% in the 2nd quarter. Raymond James Trust N.A. now owns 15,193 shares of the technology company’s stock worth $357,000 after purchasing an additional 193 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Square by 2.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 10,212 shares of the technology company’s stock valued at $240,000 after acquiring an additional 212 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Square by 1.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 46,166 shares of the technology company’s stock valued at $1,084,000 after acquiring an additional 513 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Square by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,706 shares of the technology company’s stock valued at $274,000 after acquiring an additional 921 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Square by 19.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,752 shares of the technology company’s stock valued at $158,000 after acquiring an additional 1,099 shares in the last quarter. 54.31% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CAO Ajmere Dale sold 17,446 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $38.98, for a total value of $680,045.08. Following the completion of the sale, the chief accounting officer now directly owns 134,518 shares in the company, valued at approximately $5,243,511.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary G. Meeker sold 51,422 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $38.25, for a total value of $1,966,891.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,479,827 shares of company stock valued at $50,048,434. Corporate insiders own 32.68% of the company’s stock.

Several research firms have weighed in on SQ. Credit Suisse Group reaffirmed a “neutral” rating and set a $26.00 target price (up previously from $25.00) on shares of Square in a research note on Wednesday, August 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $31.00 target price (up previously from $24.00) on shares of Square in a research note on Wednesday, August 9th. Canaccord Genuity reaffirmed a “hold” rating and set a $26.00 target price (up previously from $18.00) on shares of Square in a research note on Wednesday, August 9th. Barclays reaffirmed an “overweight” rating and set a $28.00 target price (up previously from $21.00) on shares of Square in a research note on Wednesday, August 9th. Finally, Zacks Investment Research cut Square from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and twenty-four have issued a buy rating to the company. Square presently has a consensus rating of “Buy” and a consensus target price of $33.82.

Shares of Square Inc (NYSE:SQ) traded up $0.01 during trading on Thursday, hitting $37.61. The stock had a trading volume of 28,820,400 shares, compared to its average volume of 9,085,351. Square Inc has a fifty-two week low of $13.40 and a fifty-two week high of $49.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.81 and a quick ratio of 1.81.

Square (NYSE:SQ) last posted its earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Square had a negative return on equity of 7.98% and a negative net margin of 3.04%. The firm had revenue of $257.12 million during the quarter, compared to analyst estimates of $244.95 million. During the same period in the previous year, the company earned $0.01 EPS. The company’s revenue for the quarter was up 44.6% on a year-over-year basis. equities analysts expect that Square Inc will post -0.16 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Myriad Asset Management Ltd. Invests $576,000 in Square Inc (SQ) Stock” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3080267/myriad-asset-management-ltd-invests-576000-in-square-inc-sq-stock.html.

About Square

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.

Want to see what other hedge funds are holding SQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Square Inc (NYSE:SQ).

Institutional Ownership by Quarter for Square (NYSE:SQ)

Receive News & Ratings for Square Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Square Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.