Mawer Investment Management Ltd. Makes New Investment in Block, Inc. $XYZ

Mawer Investment Management Ltd. acquired a new position in Block, Inc. (NYSE:XYZ) during the 4th quarter, HoldingsChannel reports. The fund acquired 47,043 shares of the technology company’s stock, valued at approximately $3,062,000.

Several other hedge funds have also added to or reduced their stakes in the stock. BNP Paribas raised its position in Block by 11,461.5% in the fourth quarter. BNP Paribas now owns 12,024 shares of the technology company’s stock worth $784,000 after acquiring an additional 11,920 shares during the period. Ellevest Inc. raised its position in Block by 4.9% in the fourth quarter. Ellevest Inc. now owns 5,288 shares of the technology company’s stock worth $344,000 after acquiring an additional 245 shares during the period. Lcnb Corp raised its position in shares of Block by 6.8% in the fourth quarter. Lcnb Corp now owns 9,856 shares of the technology company’s stock valued at $642,000 after purchasing an additional 624 shares during the period. Clear Harbor Asset Management LLC bought a new stake in shares of Block in the fourth quarter valued at approximately $236,000. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Block by 0.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 184,258 shares of the technology company’s stock valued at $11,993,000 after purchasing an additional 480 shares during the period. Institutional investors own 70.44% of the company’s stock.

Insider Activity at Block

In other Block news, insider Brian Grassadonia sold 8,166 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $68.01, for a total value of $555,369.66. Following the completion of the transaction, the insider owned 601,002 shares of the company’s stock, valued at $40,874,146.02. The trade was a 1.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 30,919 shares of the business’s 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 $2,318,925.00. Following the completion of the transaction, the chief financial officer directly owned 500,816 shares of the company’s stock, valued at approximately $37,561,200. This represents a 5.81% 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. Insiders sold 45,930 shares of company stock worth $3,347,924 in the last 90 days. 11.37% of the stock is currently owned by corporate insiders.

Block Price Performance

Shares of NYSE:XYZ opened at $76.01 on Tuesday. The company has a 50 day moving average of $67.30 and a 200 day moving average of $63.84. The stock has a market cap of $45.24 billion, a P/E ratio of 59.38, a P/E/G ratio of 0.98 and a beta of 2.57. Block, Inc. has a 12 month low of $48.21 and a 12 month high of $82.50. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.26.

Block (NYSE:XYZ) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.30 by $0.55. The company had revenue of $6.06 billion during the quarter. Block had a net margin of 3.30% and a return on equity of 7.02%. Block’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm 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. As a group, sell-side analysts forecast that Block, Inc. will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on XYZ. Royal Bank Of Canada boosted their price target on shares of Block from $90.00 to $93.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Weiss Ratings lowered shares of Block from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. 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. Keefe, Bruyette & Woods boosted their price target on shares of Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, BTIG Research reissued a “buy” rating and issued a $90.00 price target on shares of Block in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.12.

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.