Focus Partners Advisor Solutions LLC Takes Position in Block, Inc. $XYZ

Focus Partners Advisor Solutions LLC purchased a new position in shares of Block, Inc. (NYSE:XYZ) in the second quarter, HoldingsChannel.com reports. The fund purchased 16,766 shares of the technology company’s stock, valued at approximately $638,000.

Several other large investors have also made changes to their positions in XYZ. Ameriprise Financial Inc. bought a new position in Block in the second quarter valued at approximately $535,305,000. Norges Bank bought a new stake in Block during the fourth quarter worth $484,387,000. Viking Global Investors LP bought a new stake in Block during the second quarter worth $368,213,000. Capital World Investors lifted its stake in Block by 41.8% during the fourth quarter. Capital World Investors now owns 16,023,441 shares of the technology company’s stock worth $1,042,966,000 after purchasing an additional 4,727,217 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Block by 528.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after purchasing an additional 2,782,523 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

Insider Buying and Selling at Block

In other news, insider Brian Grassadonia sold 43,348 shares of Block 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 of the company’s stock, valued at approximately $44,612,320. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Anthony Mathew Eisen sold 135,750 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $76.81, for a total value of $10,426,957.50. Following the sale, the director owned 2,032,990 shares in the company, valued at approximately $156,153,961.90. This trade represents a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 459,135 shares of company stock worth $35,980,471. 11.37% of the stock is currently owned by insiders.

Block Stock Down 3.5%

Shares of XYZ opened at $80.02 on Tuesday. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.75. The stock has a market capitalization of $47.63 billion, a price-to-earnings ratio of 142.89, a PEG ratio of 0.93 and a beta of 2.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a fifty day moving average of $77.77 and a 200-day moving average of $68.70.

Block (NYSE:XYZ) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.54. The company had revenue of $6.62 billion for the quarter. Block had a return on equity of 8.10% and a net margin of 1.43%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. As a group, sell-side analysts anticipate that Block, Inc. will post 2.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird set a $105.00 price target on Block in a research note on Thursday, August 6th. Susquehanna upped their price objective on Block from $90.00 to $100.00 and gave the stock a “positive” rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods raised their price objective on Block from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Needham & Company LLC lifted their target price on Block from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Barclays initiated coverage on Block in a research note on Tuesday, July 7th. They set an “overweight” rating and a $100.00 target price for the company. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Block has an average rating of “Moderate Buy” and an average price target of $95.23.

About Block

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.