Ulland Investment Advisors LLC Acquires 7,007 Shares of Block, Inc. $XYZ

Ulland Investment Advisors LLC boosted its stake in shares of Block, Inc. (NYSE:XYZ) by 55.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,600 shares of the technology company’s stock after purchasing an additional 7,007 shares during the quarter. Block accounts for approximately 1.0% of Ulland Investment Advisors LLC’s holdings, making the stock its 22nd biggest position. Ulland Investment Advisors LLC’s holdings in Block were worth $1,441,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. NorthCrest Asset Manangement LLC boosted its position in shares of Block by 72.4% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 6,230 shares of the technology company’s stock valued at $469,000 after acquiring an additional 2,616 shares in the last quarter. GK Wealth Management LLC bought a new stake in Block in the third quarter valued at about $112,000. Wedmont Private Capital increased its stake in Block by 12.4% in the third quarter. Wedmont Private Capital now owns 9,564 shares of the technology company’s stock valued at $720,000 after acquiring an additional 1,058 shares during the period. GAMMA Investing LLC raised its position in Block by 9.7% in the third quarter. GAMMA Investing LLC now owns 13,846 shares of the technology company’s stock worth $1,018,000 after purchasing an additional 1,228 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Block by 40.2% in the third quarter. Farther Finance Advisors LLC now owns 12,032 shares of the technology company’s stock worth $885,000 after purchasing an additional 3,453 shares in the last quarter. 70.44% of the stock is owned by institutional investors.

Block Stock Down 0.0%

NYSE XYZ opened at $76.79 on Wednesday. The stock has a fifty day moving average of $78.95 and a 200-day moving average of $74.57. The stock has a market capitalization of $46.13 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 0.80 and a beta of 2.55. Block, Inc. has a 52 week low of $48.21 and a 52 week high of $86.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.21 and a current ratio of 2.21.

Block (NYSE:XYZ) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.54. The business 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 company 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. On average, equities research analysts forecast that Block, Inc. will post 2.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on XYZ shares. Scotiabank started coverage on Block in a report on Wednesday, September 2nd. They set a “sector perform” rating and a $82.00 price objective on the stock. Jefferies Financial Group initiated coverage on Block in a research note on Tuesday, June 30th. They issued a “hold” rating on the stock. Piper Sandler upped their target price on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Royal Bank Of Canada increased their target price on shares of Block from $93.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Rosenblatt Securities set a $100.00 target price on shares of Block in a research report on Tuesday, June 30th. Four analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Insiders Place Their Bets

In other Block news, Director Anthony Eisen sold 6,000 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $75.75, for a total transaction of $454,500.00. Following the transaction, the director directly owned 1,290,672 shares in the company, valued at approximately $97,768,404. This represents a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 296,565 shares of company stock worth $23,950,146. Insiders own 11.37% of the company’s stock.

Block Profile

Block, Inc (NYSE:XYZ), formerly known as Square, is a financial technology company that develops tools for businesses, consumers and creators. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company changed its corporate name to Block in 2021 to reflect the expansion of its operations beyond its original seller-payments business.

Block’s Square ecosystem provides payment processing, point-of-sale hardware and software, business banking, invoicing, payroll, inventory management and other services for merchants.