Block, Inc. $XYZ Shares Acquired by DB Fitzpatrick & Co Inc

DB Fitzpatrick & Co Inc increased its stake in Block, Inc. (NYSE:XYZ) by 39.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,825 shares of the technology company’s stock after buying an additional 7,274 shares during the period. Block comprises about 1.3% of DB Fitzpatrick & Co Inc’s investment portfolio, making the stock its 19th largest position. DB Fitzpatrick & Co Inc’s holdings in Block were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC boosted its stake in Block by 57.1% during the 4th quarter. Sound Income Strategies LLC now owns 443 shares of the technology company’s stock valued at $29,000 after acquiring an additional 161 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Block by 33.9% in the 4th 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 in the last quarter. Merit Financial Group LLC raised its stake in shares of Block by 3.7% in the 4th quarter. Merit Financial Group LLC now owns 5,270 shares of the technology company’s stock valued at $343,000 after purchasing an additional 188 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its position in shares of Block by 33.3% during the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 800 shares of the technology company’s stock worth $58,000 after purchasing an additional 200 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of Block by 2.7% during the fourth quarter. Perigon Wealth Management LLC now owns 7,696 shares of the technology company’s stock worth $501,000 after purchasing an additional 202 shares during the last quarter. 70.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Block

In other Block news, Director Anthony Mathew Eisen sold 36,000 shares of Block stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $79.83, for a total transaction of $2,873,880.00. Following the sale, the director owned 1,874,672 shares of the company’s stock, valued at $149,655,065.76. The trade was a 1.88% decrease in their position. The sale was disclosed in a legal 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 8,093 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total value of $606,975.00. Following the transaction, the chief financial officer owned 463,246 shares of the company’s stock, valued at $34,743,450. This trade represents a 1.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 291,773 shares of company stock worth $22,057,296. 11.37% of the stock is owned by insiders.

Analysts Set New Price Targets

XYZ has been the subject of several research analyst reports. Jefferies Financial Group assumed coverage on Block in a report on Tuesday. They issued a “hold” rating for the company. Weiss Ratings raised Block from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 1st. Truist Financial lifted their target price on Block from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. William Blair downgraded Block to a “market perform” rating in a report on Tuesday. Finally, Loop Capital started coverage on Block in a research report on Tuesday, March 31st. They set a “buy” rating and a $75.00 price target on the stock. Four investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.56.

Block Stock Performance

Shares of XYZ opened at $78.71 on Friday. The firm has a fifty day moving average of $72.04 and a 200-day moving average of $65.56. The company has a market cap of $46.85 billion, a price-to-earnings ratio of 61.50, a price-to-earnings-growth ratio of 0.98 and a beta of 2.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.99 and a current ratio of 1.99. Block, Inc. has a 1 year low of $48.21 and a 1 year high of $82.50.

Block (NYSE:XYZ) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.55. Block had a net margin of 3.30% and a return on equity of 7.02%. The firm had revenue of $6.06 billion for the quarter. During the same quarter in the prior year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. 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, equities analysts anticipate that Block, Inc. will post 2.48 earnings per share for the current year.

Block Company 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.