Focus Partners Advisor Solutions LLC Purchases New Stake in Block, Inc. $XYZ

Key Points

• Focus Partners Advisor Solutions purchased 16,766 shares of Block worth approximately $638,000, while institutional investors overall own 70.44% of the company.
• Analysts maintain a bullish outlook, with Block receiving a consensus “Moderate Buy” rating and an average price target of $95.23.
• Block reported quarterly EPS of $1.02, beating estimates of $0.48, while revenue rose 9.3% year over year to $6.62 billion. Insiders, however, sold 459,135 shares worth about $36.0 million over the past 90 days.

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Block, Inc. (NYSE:XYZ - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,766 shares of the technology company's stock, valued at approximately $638,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of Block by 33.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 707 shares of the technology company's stock valued at $46,000 after purchasing an additional 179 shares during the period. Merit Financial Group LLC lifted its stake in shares of Block by 3.7% during the 4th quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company's stock worth $343,000 after buying an additional 188 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Block by 3.3% during the 2nd quarter. Avior Wealth Management LLC now owns 6,081 shares of the technology company's stock worth $462,000 after buying an additional 193 shares during the period. Carson Advisory Inc. boosted its holdings in shares of Block by 2.6% during the 1st quarter. Carson Advisory Inc. now owns 8,035 shares of the technology company's stock worth $484,000 after buying an additional 200 shares during the period. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its stake in Block by 33.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company's stock valued at $58,000 after buying an additional 200 shares during the last quarter. 70.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. KeyCorp increased their price target on shares of Block from $105.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on Block from $93.00 to $95.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft upgraded Block to a "buy" rating in a research note on Tuesday, June 30th. Robert W. Baird set a $105.00 price target on Block in a report on Thursday, August 6th. Finally, Clear Str upgraded Block to a "hold" rating in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.23.

Insider Activity at Block

In other Block news, insider Brian Grassadonia sold 25,908 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $81.64, for a total transaction of $2,115,129.12. Following the transaction, the insider owned 531,746 shares in the company, valued at $43,411,743.44. This trade represents a 4.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 8,971 shares of Block stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $85.85, for a total value of $770,160.35. Following the completion of the transaction, the chief financial officer directly owned 454,275 shares of the company's stock, valued at $38,999,508.75. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 459,135 shares of company stock worth $35,980,471. Company insiders own 11.37% of the company's stock.

Block Stock Performance

NYSE XYZ opened at $80.02 on Tuesday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $47.63 billion, a P/E ratio of 142.89, a P/E/G ratio of 0.93 and a beta of 2.53. Block, Inc. has a 12-month low of $48.21 and a 12-month high of $86.75. The firm has a 50-day moving average price of $77.77 and a two-hundred day moving average price of $68.70.

Block (NYSE:XYZ - Get Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.54. Block had a net margin of 1.43% and a return on equity of 8.10%. The firm had revenue of $6.62 billion for the quarter. During the same quarter in the previous year, the company earned $0.62 EPS. The business's revenue for the quarter was up 9.3% on a year-over-year basis. Block has set its FY 2026 guidance at 4.020-4.020 EPS and its Q3 2026 guidance at 1.020-1.020 EPS. Analysts anticipate that Block, Inc. will post 2.67 earnings per share for the current year.

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.

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