25,705 Shares in Block, Inc. $XYZ Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC purchased a new position in shares of Block, Inc. (NYSE:XYZ) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 25,705 shares of the technology company’s stock, valued at approximately $1,673,000.

Several other large investors have also recently bought and sold shares of XYZ. Baird Financial Group Inc. acquired a new position in Block during the 2nd quarter worth $1,866,000. Brown Advisory Inc. acquired a new position in Block during the 2nd quarter worth $516,000. Jump Financial LLC acquired a new position in Block during the 2nd quarter worth $385,000. Federated Hermes Inc. acquired a new position in Block during the 2nd quarter worth $53,000. Finally, Cerity Partners LLC acquired a new position in Block during the 2nd quarter worth $1,861,000. Institutional investors and hedge funds own 70.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on XYZ. Cantor Fitzgerald upped their price objective on Block from $78.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Piper Sandler upped their price objective on Block from $51.00 to $58.00 and gave the stock an “underweight” rating in a report on Friday, May 8th. Truist Financial upped their price objective on Block from $77.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, April 24th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Block in a report on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on Block from $90.00 to $93.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Block has an average rating of “Moderate Buy” and an average target price of $84.51.

Insider Buying and Selling

In other news, insider Chrysty Esperanza sold 3,000 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total value of $225,000.00. Following the transaction, the insider owned 268,169 shares of the company’s stock, valued at $20,112,675. This represents a 1.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Owen Britton Jennings sold 3,555 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $63.41, for a total value of $225,422.55. Following the completion of the transaction, the insider directly owned 231,262 shares in the company, valued at approximately $14,664,323.42. This trade represents a 1.51% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 49,725 shares of company stock worth $3,401,393. Company insiders own 11.37% of the company’s stock.

Block Stock Performance

XYZ stock opened at $70.35 on Friday. The business’s fifty day moving average is $65.37 and its 200-day moving average is $64.05. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26. The company has a market cap of $41.87 billion, a P/E ratio of 54.96, a price-to-earnings-growth ratio of 1.01 and a beta of 2.57. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $82.50.

Block (NYSE:XYZ) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. The company had revenue of $6.06 billion for the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.56 EPS. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. Equities research analysts forecast that Block, Inc. will post 2.23 EPS for the current year.

Block Profile

Block (NYSE:XYZ) is a financial technology company that builds products and services to facilitate electronic payments, commerce, and consumer finance. Its principal business lines include a seller-focused ecosystem that provides point-of-sale hardware and software, payment processing, invoicing, payroll and lending services, and a consumer-facing platform that offers peer-to-peer payments, banking-like features, and investing. Block’s portfolio also encompasses music streaming and buy-now-pay-later capabilities through businesses acquired to broaden its reach beyond core payments.

The company was founded as Square in 2009 by Jack Dorsey and Jim McKelvey and later rebranded to Block to reflect a diversified set of businesses across payments, consumer finance, and emerging technologies.