California State Teachers Retirement System Sells 22,138 Shares of Block, Inc. $XYZ

California State Teachers Retirement System decreased its holdings in shares of Block, Inc. (NYSE:XYZ) by 2.7% in the first quarter, HoldingsChannel reports. The firm owned 801,927 shares of the technology company’s stock after selling 22,138 shares during the quarter. California State Teachers Retirement System’s holdings in Block were worth $48,260,000 at the end of the most recent quarter.

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

Insider Transactions at Block

In related news, Director Anthony Mathew Eisen sold 6,000 shares of Block stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $82.22, for a total transaction of $493,320.00. Following the completion of the transaction, the director directly owned 1,631,672 shares of the company’s stock, valued at $134,156,071.84. This trade represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian Grassadonia sold 43,348 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $80.00, for a total transaction of $3,467,840.00. Following the sale, the insider directly owned 557,654 shares in the company, valued at $44,612,320. The trade was a 7.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 347,300 shares of company stock worth $26,657,536 over the last ninety days. Insiders own 11.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Block from $78.00 to $85.00 and gave the company a “market perform” rating in a research report on Wednesday, July 22nd. Clear Str raised shares of Block to a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 1st. KeyCorp lifted their target price on shares of Block from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley boosted their price target on shares of Block from $96.00 to $98.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Four analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Block currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.84.

Block Trading Up 0.7%

NYSE XYZ opened at $82.73 on Friday. The firm has a market capitalization of $49.24 billion, a PE ratio of 64.63, a P/E/G ratio of 1.03 and a beta of 2.54. The stock’s 50 day moving average is $75.43 and its 200 day moving average is $67.40. Block, Inc. has a twelve month low of $48.21 and a twelve month high of $84.08. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.55. The business had revenue of $6.06 billion during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.Block’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $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. Research analysts forecast that Block, Inc. will post 2.48 earnings per share for the current fiscal 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.