Block, Inc. $XYZ Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System increased its position in shares of Block, Inc. (NYSE:XYZ) by 11.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 436,511 shares of the technology company’s stock after buying an additional 43,974 shares during the quarter. New York State Teachers Retirement System’s holdings in Block were worth $26,269,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. purchased a new position in Block in the second quarter valued at $535,305,000. Norges Bank purchased a new stake in shares of Block during the 4th quarter worth about $484,387,000. Capital World Investors grew its position in shares of Block by 192.7% during the 3rd quarter. Capital World Investors now owns 11,296,224 shares of the technology company’s stock valued at $816,378,000 after acquiring an additional 7,436,380 shares during the period. Viking Global Investors LP acquired a new stake in shares of Block during the 2nd quarter valued at about $368,213,000. Finally, Invesco Ltd. increased its stake in shares of Block by 241.4% in the 3rd quarter. Invesco Ltd. now owns 3,778,298 shares of the technology company’s stock valued at $273,058,000 after purchasing an additional 2,671,713 shares in the last quarter. Institutional investors and hedge funds own 70.44% of the company’s stock.

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 shares were 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 document filed with the SEC, which is available through 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 company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $75.00, for a total transaction of $606,975.00. Following the sale, the chief financial officer directly owned 463,246 shares of the company’s stock, valued at $34,743,450. The trade was a 1.72% 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 have sold 291,773 shares of company stock valued at $22,057,296 over the last quarter. 11.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

XYZ has been the subject of a number of analyst reports. Needham & Company LLC upped their price target on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings upgraded Block from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. The Goldman Sachs Group raised Block from a “buy” rating to a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods increased their target price on Block from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Citigroup cut shares of Block from a “buy” rating to an “underperform” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.56.

Block Trading Down 0.1%

XYZ stock opened at $78.71 on Friday. 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, Inc. has a 12-month low of $48.21 and a 12-month high of $82.50. The stock has a market cap of $46.85 billion, a price-to-earnings ratio of 61.50, a PEG ratio of 1.00 and a beta of 2.54. The business’s 50-day moving average is $72.16 and its 200 day moving average is $65.65.

Block (NYSE:XYZ) last announced its 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 during the quarter. Block had a return on equity of 7.02% and a net margin of 3.30%.Block’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $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. On average, sell-side analysts anticipate that Block, Inc. will post 2.48 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.