Nisa Investment Advisors LLC Has $5.68 Million Stake in Block, Inc. (NYSE:SQ)

Nisa Investment Advisors LLC boosted its holdings in Block, Inc. (NYSE:SQ - Free Report) by 55.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,450 shares of the technology company's stock after buying an additional 26,100 shares during the period. Nisa Investment Advisors LLC's holdings in Block were worth $5,681,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Block during the 1st quarter worth approximately $31,000. Washington Trust Advisors Inc. grew its holdings in shares of Block by 38.7% during the 4th quarter. Washington Trust Advisors Inc. now owns 616 shares of the technology company's stock worth $48,000 after purchasing an additional 172 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Block by 89.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 635 shares of the technology company's stock worth $28,000 after purchasing an additional 300 shares in the last quarter. Front Row Advisors LLC boosted its stake in Block by 67,500.0% in the 3rd quarter. Front Row Advisors LLC now owns 676 shares of the technology company's stock valued at $30,000 after buying an additional 675 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Block by 38.4% in the 3rd quarter. Larson Financial Group LLC now owns 728 shares of the technology company's stock valued at $32,000 after buying an additional 202 shares in the last quarter. 70.44% of the stock is owned by institutional investors.

Block Trading Up 1.9 %

NYSE SQ traded up $1.49 on Thursday, reaching $80.00. The company had a trading volume of 4,238,356 shares, compared to its average volume of 10,329,175. The stock's 50 day moving average is $76.05 and its 200-day moving average is $64.84. The stock has a market cap of $49.26 billion, a price-to-earnings ratio of 439.59, a PEG ratio of 2.31 and a beta of 2.55. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.22. Block, Inc. has a 52 week low of $38.85 and a 52 week high of $87.52.

Block (NYSE:SQ - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. The business had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.69 billion. Block had a return on equity of 0.63% and a net margin of 0.04%. Equities analysts predict that Block, Inc. will post 1.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Benchmark boosted their price target on Block from $89.00 to $99.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. TheStreet raised Block from a "d+" rating to a "c-" rating in a research note on Tuesday, December 19th. BTIG Research raised Block from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a research note on Tuesday, January 30th. Evercore ISI reaffirmed an "in-line" rating and issued a $75.00 price target on shares of Block in a research note on Tuesday, March 26th. Finally, Wolfe Research boosted their price target on Block from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $84.41.

Insider Buying and Selling at Block

In other Block news, CAO Ajmere Dale sold 500 shares of the business's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $84.75, for a total value of $42,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 68,323 shares of the company's stock, valued at $5,790,374.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Brian Grassadonia sold 4,514 shares of the company's stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $78.41, for a total transaction of $353,942.74. Following the completion of the transaction, the insider now directly owns 477,290 shares of the company's stock, valued at $37,424,308.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Ajmere Dale sold 500 shares of the company's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $84.75, for a total value of $42,375.00. Following the transaction, the chief accounting officer now directly owns 68,323 shares of the company's stock, valued at $5,790,374.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 363,801 shares of company stock valued at $27,284,175. Company insiders own 10.79% of the company's stock.

Block Profile

Square, Inc provides payment and point-of-sale solutions in the United States and internationally. The company's commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts EMV® chip cards and Near Field Communication payments; Chip card reader, which accepts EMV® chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.