Public Employees Retirement System of Ohio Grows Stock Holdings in Block, Inc. $XYZ

Public Employees Retirement System of Ohio raised its holdings in shares of Block, Inc. (NYSE:XYZ) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 261,462 shares of the technology company’s stock after acquiring an additional 8,141 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Block were worth $15,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Compound Planning Inc. boosted its holdings in shares of Block by 4.5% in the first quarter. Compound Planning Inc. now owns 14,675 shares of the technology company’s stock worth $883,000 after acquiring an additional 638 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Block by 528.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,309,296 shares of the technology company’s stock valued at $199,153,000 after purchasing an additional 2,782,523 shares in the last quarter. Gibbs Wealth Management purchased a new position in shares of Block in the first quarter valued at $592,000. Sei Investments Co. raised its stake in shares of Block by 3.2% during the 1st quarter. Sei Investments Co. now owns 394,647 shares of the technology company’s stock valued at $23,747,000 after purchasing an additional 12,057 shares during the period. Finally, Alamar Capital Management LLC bought a new stake in shares of Block during the 1st quarter valued at $1,690,000. Hedge funds and other institutional investors own 70.44% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian Grassadonia sold 43,348 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $80.00, for a total value of $3,467,840.00. Following the sale, the insider directly owned 557,654 shares of the company’s stock, valued at $44,612,320. This trade represents a 7.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Amrita Ahuja sold 8,093 shares of Block stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.00, for a total transaction of $606,975.00. Following the sale, the chief financial officer owned 463,246 shares of the company’s stock, valued at approximately $34,743,450. The trade was a 1.72% decrease in their ownership of the stock. 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 three months, insiders have sold 323,300 shares of company stock worth $24,742,756. Insiders own 11.37% of the company’s stock.

Block Trading Up 0.9%

Shares of XYZ stock opened at $77.19 on Friday. The company has a market capitalization of $45.94 billion, a PE ratio of 60.31, a price-to-earnings-growth ratio of 0.97 and a beta of 2.54. Block, Inc. has a 52-week low of $48.21 and a 52-week high of $84.08. The business’s fifty day moving average is $74.44 and its 200 day moving average is $67.07. 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 (NYSE:XYZ) last posted its earnings results on Thursday, May 7th. The technology company reported $0.85 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. On average, equities research analysts anticipate that Block, Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on XYZ shares. Needham & Company LLC raised their target price on Block from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Barclays initiated coverage on Block in a report on Tuesday, July 7th. They set an “overweight” rating and a $100.00 target price for the company. Clear Str raised shares of Block to a “hold” rating in a report on Thursday, July 16th. KeyCorp increased their price target on shares of Block from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Weiss Ratings upgraded shares of Block from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 1st. Four research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.84.

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.