93,516 Shares in Block, Inc. $XYZ Acquired by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac acquired a new position in Block, Inc. (NYSE:XYZ) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 93,516 shares of the technology company’s stock, valued at approximately $6,179,000.

Several other institutional investors also recently modified their holdings of the stock. Howard Capital Management Inc. increased its position in shares of Block by 3.2% in the third quarter. Howard Capital Management Inc. now owns 4,439 shares of the technology company’s stock worth $321,000 after purchasing an additional 138 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Block by 57.1% in the fourth quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock worth $29,000 after purchasing an additional 161 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Block by 0.8% in the third quarter. Jones Financial Companies Lllp now owns 21,183 shares of the technology company’s stock worth $1,561,000 after purchasing an additional 167 shares during the last quarter. EverSource Wealth Advisors LLC increased 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 worth $46,000 after purchasing an additional 179 shares during the last quarter. Finally, Rothschild Investment LLC increased its position in shares of Block by 59.7% in the third quarter. Rothschild Investment LLC now owns 495 shares of the technology company’s stock worth $36,000 after purchasing an additional 185 shares during the last quarter. 70.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Raymond James Financial upgraded shares of Block to a “moderate buy” rating in a research report on Friday, February 27th. Cantor Fitzgerald increased their price target on shares of Block from $78.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Weiss Ratings cut shares of Block from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. Arete Research upgraded shares of Block from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded shares of Block from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.97.

Insider Buying and Selling

In other news, insider Chrysty Esperanza sold 3,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $75.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider owned 268,169 shares of the company’s stock, valued at approximately $20,112,675. This represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Owen Britton Jennings sold 1,316 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $68.54, for a total value of $90,198.64. Following the sale, the insider directly owned 479,662 shares of the company’s stock, valued at approximately $32,876,033.48. This trade represents a 0.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 49,485 shares of company stock worth $3,573,346. 11.37% of the stock is owned by company insiders.

Block Stock Up 4.0%

Shares of NYSE XYZ opened at $74.27 on Friday. Block, Inc. has a one year low of $48.21 and a one year high of $82.50. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.99 and a quick ratio of 1.99. The firm’s 50 day simple moving average is $66.60 and its two-hundred day simple moving average is $63.70. The stock has a market capitalization of $44.20 billion, a P/E ratio of 58.02, a PEG ratio of 0.94 and a beta of 2.57.

Block (NYSE:XYZ) last issued its quarterly earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.55. The business had revenue of $6.06 billion for the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. Block has set its Q2 2026 guidance at 0.860-0.860 EPS and its FY 2026 guidance at 3.850-3.850 EPS. As a group, analysts expect that Block, Inc. will post 2.4 EPS 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.